Essays about: "Federal Open Market Committee"

Showing result 1 - 5 of 6 essays containing the words Federal Open Market Committee.

  1. 1. An Empirical Study of Monetary Policy Transmission Through Floating Rate Corporate Debt

    University essay from Göteborgs universitet/Graduate School

    Author : BEHZAD JAWAN BAKHSH; DENNIS MUTISO MULI; [2023-06-29]
    Keywords : Monetary policy surprise; Monetary policy transmission; Cash flow channel; Fed; Federal Open Market Committee; Forward guidance; SEC filings; Hedging; Bank Debt; Floating rate debt;

    Abstract : Considering the contemporary shift in the interest rate regime and the high levels of corporate debt in the US market, we show that monetary policy surprises have an impact on stock returns. This impact is dominated by a surprise in Fed forward guidance. READ MORE

  3. 2. Changing Patterns over the FOMC Cycle

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Edvin Holst; Theodor Von Der Esch; [2023]
    Keywords : FOMC; Federal Reserve Board of Governors; Pre-FOMC announcement drift; Macro-announcements;

    Abstract : We document that in the period 2017 to 2022, the US stock market did not feature the same pattern of higher excess stock returns in even weeks following Federal Open Market Committee (FOMC) announcements as in the period 1994 to 2016. We show that timing of Board of Governors meetings and direction of Fed funds target rate movements affect US market returns in both periods, and connect changes in these factors to the distortion of the even-week return pattern. READ MORE

  4. 3. Narratives in Central Banking - A Case Study on Federal Reserve Communication

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Love Leijonklo; Felix Wilke; [2023]
    Keywords : federal reserve; central bank; communication; sentiment; latent dirichlet allocation;

    Abstract : This paper investigates how Federal Reserve communication affects financial markets. This is done by constructing a sentiment index based on meeting minutes released by the Federal Open Market Committee. READ MORE

  5. 4. Bitcoin’s Response to U.S. Monetary Policy Easing Announcements

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Emilia Felicidad Alarcon Valdez; [2021]
    Keywords : Bitcoin; Federal Reserve; Monetary Policy Easing; Inflation; Intraday data; Business and Economics;

    Abstract : This paper aims to evaluate the effect of the U.S. monetary policy on the bitcoin price. In particular, how monetary policy easing affects the bitcoin returns. READ MORE

  6. 5. The Pre-Monetary Policy Announcement Drift on the Stockholm Stock Exchange

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jakob Fager; Max Leijon; [2017]
    Keywords : Monetary Policy; Macroeconomic Announcement; Pre-Announcement Drift; Abnormal Returns; Efficient Markets;

    Abstract : This thesis investigates the existence and properties of pre-monetary policy announcement drifts on the Stockholm Stock Exchange. While previous literature has mainly focused on U.S. READ MORE