Estimating the Information Value of Immediate Disclosure of the FOMC Policy Directive
- 1 December 1981
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 36 (5) , 1047-1061
- https://doi.org/10.2307/2327299
Abstract
This paper studies the information value of immediate disclosure of the FOMC policy directive. The value of disclosure is measured by its ability to reduce investors' expected uncertainty about futur...Keywords
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