Show simple item record

dc.contributor.authorZavodny, Madeline
dc.contributor.authorGinther, Donna K.
dc.date.accessioned2012-03-05T22:06:54Z
dc.date.available2012-03-05T22:06:54Z
dc.date.issued2005-07
dc.identifier.citation“Does the Beige Book Move Financial Markets?” Southern Economic Journal 72 (July 2005): 138-151 (with Madeline Zavodny).
dc.identifier.urihttp://hdl.handle.net/1808/8795
dc.descriptionThis is the published version.
dc.description.abstractAbout two weeks prior to each Federal Open Market Committee (FOMC) meeting, the Federal Reserve releases a description of economic activity in a document called the Beige Book. By creating a quantitative index of these qualitative reports, we examine whether the content of the Beige Book affects asset prices. The results indicate that more positive Beige Book reports on economic growth are associated with increases in interest rates, particularly intermediate- and long-term rates, but not after controlling for several other macroeconomic indicators. The results are consistent with markets viewing the report as a summary indicator of economic growth but not of monetary policy moves in the near term.
dc.language.isoen_US
dc.publisherSouthern Economic Association
dc.relation.isversionofhttp://journal.southerneconomic.org/
dc.titleDoes the Beige Book Move Financial Markets?
dc.typeArticle
kusw.kuauthorGinther, Donna K.
kusw.kudepartmentEconomics
kusw.oaversionScholarly/refereed, publisher version
kusw.oapolicyThis item does not meet KU Open Access policy criteria.
dc.rights.accessrightsopenAccess


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record