Merrill Lynch: We've gotten predicting FOMC actions down to a science

Polyak, Ilana
February 1998
Bond Buyer;02/12/98, Vol. 323 Issue 30330, p8
Trade Publication
Reports on Merrill Lynch & Co. Inc.'s development of an analytic model to predict the activities of the US Federal Reserve System's Federal Open Market Committee with regards to the country's monetary policy. Accuracy of predictions elicited from the model; Economic data assessed by the model; Application of the model in the bond industry.


Related Articles

  • Detecting changes in Federal Reserve policy. Heebner, A. Gilbert // Business Economics;Jul91, Vol. 26 Issue 3, p33 

    Proposes that under the operating procedure of the Federal Open Market Committee (FOMC), monetary policy changes can be detected accurately by observing the federal funds rate. Operating targets of the Federal Reserve; Analysis of data of federal funds rate and reserves; Insights from FOMC...

  • Making monetary policy. Hetzel, Robert L. // CATO Journal;Spring/Summer92, Vol. 12 Issue 1, p255 

    Describes the procedures the Federal Open Market Committee (FOMC) of the Federal Reserve System follows in formulating monetary policy. Examination of the US Federal policy actions from 1986 to 1990; Analytical description of FOMC procedures; Predicted nominal output growth and funds rate.

  • Asking the right question about monetary policy. Boltz, Paul W. // CATO Journal;Spring/Summer92, Vol. 12 Issue 1, p279 

    Comments on Robert L. Hetzel's article `Making Monetary Policy' about the US Federal Open Market Committee's (FOMC) guidelines for formulating monetary policy. Applicability of Volcker standard; Outcome of government goal for zero inflation.

  • Monetary policy.  // Economic Trends (07482922);Mar1994, p2 

    Presents annual growth ranges for the monetary and credit aggregates set by the Federal Reserve Board's Federal Open Market Committee (FOMC). Real gross domestic product growth; Consumer price index; Civilian unemployment rate; M2 aggregate; Ranges for growth of monetary and credit aggregates;...

  • Monetary policy.  // Economic Trends (07482922);Apr97, p3 

    Discusses the monetary policy for the United States as laid down by the US Federal Reserve System's Federal Open Market Committee. Decision to tighten money market conditions; Rise in federal funds; Anticipation of rate increase; Concerns about inflationary pressures; Prolong of economic...

  • The economy in perspective.  // Economic Trends (07482922);Nov97, p1 

    Offers an overview of the changes in current American monetary policy. Role of the US Federal Open Market Committee (FOMC); Intense demand for instant commentary on global happenings affecting the market; Difference between actions and policies; FOMC's willingness to be realistic about what is...

  • Monetary policy.  // Economic Trends (07482922);Mar1998, p2 

    Focuses on the Federal Open Market Committee's (FOMC) policy stance on the intended federal funds rate. Shift in real interest rates; Expectations about the level of monthly's fed funds rates; Federal Reserve Chairman Alan Greenspan's presentation of the FOMC's economic projection; FOMC's...

  • Monetary policy.  // Economic Trends (07482922);Jun98, p2 

    Presents information on the efforts of the Federal Open Market Committee (FOMC) in the United States, to change its operating target for the federal funds rate, with reference to monetary policies. Impact that inflation has had on interest rate movements; Decline in inflation; Role of the M2...

  • Monetary policy and open market operations during 1992.  // Quarterly Review (01476580);Spring93, Vol. 18 Issue 1, p89 

    Discusses the open market operations and monetary policy in 1992. Why Federal Open Market Committee eased reserve pressures slightly in April 1992 when it observed a fallback in the broader monetary aggregates and sign of a weakening economic expansions; Highlight of the economic recovery;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics