Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence
… To account for parameter uncertainty, Sack calculates the policy that is optimal once the
policymaker considers the imprecision of the parameter estimates as measured by the variance-…
policymaker considers the imprecision of the parameter estimates as measured by the variance-…
[PDF][PDF] Malaria vaccines: recent advances and new horizons
… repeat and the C-terminal domain of PfCSP fused to hepatitis B virus surface antigen (HBsAg)
with extra HBsAg in a 1:4 ratio. RTS,S, formulated with the potent liposomal adjuvant …
with extra HBsAg in a 1:4 ratio. RTS,S, formulated with the potent liposomal adjuvant …
Defining radiographic incidence and progression of knee osteoarthritis: suggested modifications of the Kellgren and Lawrence scale
DT Felson, J Niu, A Guermazi, B Sack… - Annals of the rheumatic …, 2011 - ard.bmj.com
Ann Rheum Dis 2011; 70: 1884–1886. doi: 10.1136/ard. 2011.155119 1885 grade 2; but
because of the concerns elaborated here, we have modified the scale also to require for …
because of the concerns elaborated here, we have modified the scale also to require for …
Do actions speak louder than words? The response of asset prices to monetary policy actions and statements
RS Gürkaynak, BP Sack… - The Response of Asset …, 2004 - papers.ssrn.com
We investigate the effects of US monetary policy on asset prices using a high-frequency
event-study analysis. We test whether these effects are adequately captured by a single factor-…
event-study analysis. We test whether these effects are adequately captured by a single factor-…
The US Treasury yield curve: 1961 to the present
RS Gürkaynak, B Sack, JH Wright - Journal of monetary Economics, 2007 - Elsevier
The discount function, which determines the value of all future nominal payments, is the
most basic building block of finance and is usually inferred from the Treasury yield curve. It is …
most basic building block of finance and is usually inferred from the Treasury yield curve. It is …
Monetary policy alternatives at the zero bound: An empirical assessment
B Bernanke, V Reinhart, B Sack - Brookings papers on economic …, 2004 - muse.jhu.edu
… For the United States, Donald Kohn and Sack present … In the next section we extend the
work of Kohn and Sack to … As a first step, and in a manner analogous to Kohn and Sack's …
work of Kohn and Sack to … As a first step, and in a manner analogous to Kohn and Sack's …
The impact of monetary policy on asset prices
… Appendix B demonstrates that these estimators are consistent even if the shocks have …
To do so, we stack the three moment conditions b t for all variables, leaving 3 × N moment …
To do so, we stack the three moment conditions b t for all variables, leaving 3 × N moment …
[PDF][PDF] The financial market effects of the Federal Reserve's large-scale asset purchases
B Sack - 2011 - elischolar.library.yale.edu
… Brian Sack is executive vice president and head of the Markets Group of the Federal
Reserve Bank of New York, and manages the System Open Market Account for the FOMC. The …
Reserve Bank of New York, and manages the System Open Market Account for the FOMC. The …
The sensitivity of long-term interest rates to economic news: Evidence and implications for macroeconomic models
Current macroeconomic models provide appealing, succinct descriptions of business cycle
dynamics in the United States and other countries, but less is known about the extent to …
dynamics in the United States and other countries, but less is known about the extent to …
Measuring the reaction of monetary policy to the stock market
Movements in the stock market can have a significant impact on the macroeconomy and are
therefore likely to be an important factor in the determination of monetary policy. However, …
therefore likely to be an important factor in the determination of monetary policy. However, …