Board of Governors, Federal Reserve System. Helpful comments on an earlier draft by William Conrad, William Melton, Kenneth Kopecky, Robert Shiller, Edward J. Kane and Mark Rubinstein are gratefully acknowledged. Michael Grupe provided help with certain parts of the empirical work. The research assistance of Dan Uslander and Andy Weddig is also appreciated. The views expressed here reflect those of the author and not necessarily others associated with the Federal Reserve.
Estimating the Information Value of Immediate Disclosure of the FOMC Policy Directive
Version of Record online: 30 APR 2012
© 1981 the American Finance Association
The Journal of Finance
Volume 36, Issue 5, pages 1047–1061, December 1981
How to Cite
O'BRIEN, J. M. (1981), Estimating the Information Value of Immediate Disclosure of the FOMC Policy Directive. The Journal of Finance, 36: 1047–1061. doi: 10.1111/j.1540-6261.1981.tb01075.x
- Issue online: 30 APR 2012
- Version of Record online: 30 APR 2012
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