BdF paper looks at FOMC hawks and doves
Predictions of rate-setters with hawkish reputations often biased towards higher inflation – researcher
Media perceptions of Federal Reserve rate-setters do contain some accurate information about their policy preferences, a working paper published by the Banque de France finds.
Klodiana Istrefi’s paper In Fed watchers’ eyes: hawks, doves and monetary policy presents a new measure of how the public perceive the policy preferences of Federal Open Market Committee members.
The research draws on coverage in newspapers and the financial media of 130 FOMC members who served during the years 1960 to
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