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metadata language: English

Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations

Version
v1
Resource Type
Dataset : survey data
Creator
  • Kliesen, Kevin L. (Federal Reserve Bank of St. Louis)
  • Schmid, Frank A. (Federal Reserve Bank of St. Louis)
Other Title
  • Version 1 (Subtitle)
Publication Date
2004-08-12
Language
English
Free Keywords
inflation; inflation rates; monetary policy
Description
  • Abstract

    This article analyzes how announced surprises in monetary policy actions and macroeconomic data releases affect the average rate of inflation that economic agents expect to prevail over the 10-year period following the surprise. The analysis also addresses the effect of Federal Reserve communication and surprises in monetary policy actions on perceived inflation risk over this 10-year period. The study shows that surprises in macroeconomic data releases and monetary policy actions indeed affect the expected rate of inflation. Further, there is evidence that surprises in monetary policy actions increase perceived inflation risk, whereas Federal Reserve communication reduces it.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • Files submitted include the data file 0405kkd.txt and the program file 0405kkp.prg. These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

Availability
Download
This study is freely available to the general public via web download.
Alternative Identifiers
  • 1301 (Type: ICPSR Study Number)
Publications
  • Kliesen, Kevin L., Schmid, Frank A.. Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations . Federal Reserve Bank of St. Louis Review.86, (3), 9-21.2004.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Kliesen, Kevin L.; Schmid, Frank A. (2004): Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01301.v1