Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 12 of 12 for “"FOMC"”.
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Fomc Dissenting: Is the Chairman Conducting the Music?
… dissenting in Federal Open Market Committee (FOMC) meetings may be limited. This question was explored in a paper written by Petra Gerlach-Kristen and Ellen Meade where the authors examined voting behavior under Chairman Greenspan's term of service. The authors find evidence that dissents …
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The Making of U.S. Monetary Policy: A Linguistic Analysis of FOMC Transcripts
This dissertation uses 152 verbatim FOMC transcripts (2000–2018) to quantify how leadership and gender shape deliberation and to infer individual policy preferences from what participants say behind closed doors. I build speaker-level measures of participation (speech share and frequency) and …
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Understanding the effects of uncertainty on the macroeconomy and financial markets
… the release of Federal Open Market Committee (FOMC) statements. Following the non-FOMC macro news, equity trading activity increases moderately as does risk, while uncertainty remains stable. Comparing the trading activity prior to news release with those in non-event days, a significant …
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Topics in Nonstationary Time Series
… releases from the Federal Open Market Committee(FOMC) are one of the major inputs to the interest rate futures market. To estimate the impact associated with the FOMC announcements, the random intervention model is used for an empirical study on the Interest Rate Futures markets, using …
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Prospective Reappointment and the Monetary Policy Preferences of the Federal Open Market Committee Members
… meetings of the Federal Open Market Committee (FOMC). We have a hypothesis that the Bank presidents and Governors behave differently. We suppose that the governors of the FOMC which are completing a term of another governor and are eligible for reappointment change their behavior as there is a …
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Group decision making in a prototype engineering system : the Federal Open Market Committee
… Decisions: the Federal Open Market Committee (FOMC) from 1970-1994 as a test case. One major advantage of studying the FOMC is the availability of data and relevant analytical published work. Our original empirical findings include: 1. Information ambiguity is the major factor that impacts …
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Essays In Fiscal Policy
… the period 1965 - 2005 from online archives of FOMC meetings. I incorporate the forecasts as a measure of anticipated military spending to identify government spending shocks in a VAR. When the raw forecasts are used I find that GDP, hours, wages, and consumption all rise following a shock to …
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Essays in Information Finance
… moneyness subsamples, and to partitioning across FOMC announcement, earnings announcement, and non-event days. The second essay, "Growing Up in the Modern World: The Falling Cost of Computing and the Growth of Large versus Small Firms," asks how the cost of computation and data storage relates to …
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Opportunist to risk manager: reverse engineering the Taylor rule
… 1980s opportunistic monetary policy, devised by FOMC members, has been used to expound policy judgements that reflected a more discretionary posture. Chairman Greenspan also used risk management rhetoric to explain deviations from a conventional linear framework. Within this framework, discretion …
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Essays in Financial Economics
… moves, leading earnings announcements, and FOMC announcements with unexpected shocks to interest rates. This variation manifests in differences in factors extracted using characteristics based on statistical methods that we document using Instrumented PCA. The factor structure shows …
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Essays on International Macroeconomics and Finance
… difference-in-differences approach around each FOMC announcement. We combine high-frequency US monetary shocks with daily FXI data in a panel of multiple countries and identify the effect of FXI via deviation from the estimated policy rule. We exploit detailed firm-level microdata on daily stock …
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Sterling and the Stability of the International Monetary System, 1944-1971
This dissertation studies the role of sterling during the Bretton Woods period (1944-1971). The Bretton Woods system has often been described as a dollar system with sterling having lost its relevance as reserve currency. However, despite being a secondary reserve currency and having lost …