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Title The effect of money announcements on interest rate expectations
Author Polk, Jena
Department Department of Economics and Business
Institution Colorado College
Degree Type bachelor
Degree Name Bachelor of Arts
Type of Resource text
Digital Origin reformatted digital
Date Accepted 2009
Date Digitized 2009
Abstract The era of monetary targeting ignited research into the area of interest rate response to money supply announcements. During the 1980s and 1990s, research focused in this area; however, there is been a lack of updated research. This study examines the updated response of interest rates to unanticipated changes in Ml money supply announcements for the sample period 1985 to 2005. The crucial ideas behind this hypothesis include money demand, money supply, expectations, and the role the Federal Reserve plays in the interaction of the three. Data was taken from the Federal Reserves statistical and historical data release for weekly M1 money supply measures and for daily interest rates of treasury securities. The results revealed an inability of the presented model to capture the relationship between money supply announcements and interest rates; leading to the conclusion of a mis-specified model.
Keywords Money announcements
Interest rates
Monetary surprises
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Extent 69 p. : ill. ; 29 cm.
Note (thesis) Senior Thesis -- Colorado College
Note (bibliography) Bibliography : p. 62-66
Language eng
OCLC Identifier 436149718
Handle http://hdl.handle.net/10176/coccc:1354
 
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Created: Fri, 20 Nov 2009, 09:06:50 MST Detailed History