Federal Reserve Bank of Cleveland: 'Asymmetric Information, Two-Way Learning, and the Fed Information Effect'
October 06, 2025
October 06, 2025
CLEVELAND, Ohio, Oct. 6 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 23-32R) on October 2, 2025, by Zhao Han and Chengcheng Jia entitled "Asymmetric Information, Two-Way Learning, and the Fed Information Effect."
Here are excerpts:
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How important is the information effect of monetary policy? We first show analytically that the reduced-form method of regressing forecast revisions on monetary policy s . . .
Here are excerpts:
* * *
How important is the information effect of monetary policy? We first show analytically that the reduced-form method of regressing forecast revisions on monetary policy s . . .