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FOMC meeting Impactof the federal open market committee’s meetingsand scheduled macroeconomic news on stockmarketuncertainty, Nikkinen, J., & Sahlstrm, P. (2004). Impact of the federal open market committee’s meetings and scheduled macroeconomic news on stock market uncertainty.International Review of Financial Analysis,13(1), 1-12. This study investigates the impact of the scheduled Federal Open Market Committee (FOMC) meetings and the scheduled macroeconomic news releases on stock market uncertainty. For that purpose, the behavior of the implied volatility of the S&P100 index (VIX) is investigated around the FOMC meeting days and around the employment, producer price index (PPI), and consumer price index (CPI) reports. Pre-announcement effects, news effects, and volatility: Monetary policy andthestockmarket, Bomfim, A. N. (2003). Pre-announcement effects, news effects, and volatility: Monetary policy and the stock market.Journal of Banking & Finance,27(1), 133-151. This paper examines pre-announcement and news effects on the stock market in the context of public disclosure of monetary policy decisions. The results suggest that the stock market tends to be relatively quiet on days preceding regularly scheduled policy announcements. The paper also looks at how the actual interest rate decisions of policy makers affect stock market volatility. The implications of the results for broader issues in the finance and economics literatures are also discussed. The impact of changes inFOMCdisclosure practices on the transparency of monetary policy: are markets and theFOMCbetter” synched”?, Poole, W., & Rasche, R. H. (2003). The impact of changes in FOMC disclosure practices on the transparency of monetary policy: are markets and the FOMC better” synched”?.Federal Reserve Bank of St. Louis Review,85(January/February 2003). This analysis examines how expectations of market participants about future Federal Open Market Committee policy actions have changed over the period since 1989, during which the FOMC made a sequence of changes to improve the transparency of monetary policy. Policy preferences ofFOMCmembers as revealed by dissenting votes, Belden, S. (1989). Policy preferences of FOMC members as revealed by dissenting votes.Journal of Money, Credit and Banking,21(4), 432-441. Data-based active learning in the principles of macroeconomics course: A mockFOMC meeting, Whiting, C. (2006). Data-based active learning in the principles of macroeconomics course: A mock FOMC meeting.The Journal of Economic Education,37(2), 171-177. In this paper the author presents an active-learning exercise for the introductory macroeconomics class in which students participate in a mock Federal Open Market Committee (FOMC) meeting. How committees of experts interact with the outside world: some theory, and evidence from theFOMC, Swank, J., Swank, O. H., & Visser, B. (2008). How committees of experts interact with the outside world: some theory, and evidence from the FOMC.Journal of the European Economic Association,6(2-3), 478-486. This paper explores committees that are made up of experts, persons who care both about the matter at hand and about coining across as able decision makers, and show that such committees would like to conceal disagreement from the public. That is, once the decision has been reached, they show a united front to the outside world. A large part of the article is dedicated to a case study of the U.S. Federal Open Market Committee in the United States. Does a bias inFOMCpolicy directives help predict intermeeting policy changes?, Lapp, J. S., & Pearce, D. K. (2000). Does a bias in FOMC policy directives help predict intermeeting policy changes?.Journal of Money, Credit and Banking, 435-441. Since 1984 the FOMC has issued directives indicating a bias toward easing or tightening. This paper investigates the information content of these asymmetric directives for the likelihood of inter-meeting changes in policy during the Greenspan chairmanship. A new data set on monetary policy: the economic forecasts of individual members of theFOMC, Romer, D. (2010). A new data set on monetary policy: the economic forecasts of individual members of the FOMC.Journal of Money, Credit and Banking,42(5), 951-957. This paper describes a new data set of the forecasts of output growth, inflation, and unemployment prepared by individual members of the Federal Open Market Committee. The paper discusses the scope of the data set, possibilities for extending it, and some potential uses. It offers a preliminary examination of some of the crosssectional features of the data. A theory of ambiguity, credibility, and inflation under discretion and asymmetric information, Cukierman, A., & Meltzer, A. H. (1986). A theory of ambiguity, credibility, and inflation under discretion and asymmetric information.Econometrica: journal of the econometric society, 1099-1128. This paper develops a positive theory of credibility, ambiguity, and inflation under discretion and asymmetric information. The paper also provides a theoretical underpinning for the well documented cross-country positive correlation between the level and the variability of inflation. The response of term rates to Fed announcements, Demiralp, S., & Jorda, O. (2004). The response of term rates to Fed announcements.Journal of Money, Credit and Banking, 387-405. In February 4, 1994 the Federal Reserve began the practice of announcing changes in the targeted level for the federal funds rate immediately after such decisions were made. This paper investigates to what extent the policy of “the announcement” affected a key ingredient in the monetary transmission mechanism. Using federal funds futures contracts for monetary policy analysis, Gurkaynak, R. S. (2005). Using federal funds futures contracts for monetary policy analysis. This paper demonstrates the use of federal funds futures contracts to measure how FOMC announcements lead to changes in expected interest rates after future FOMC meetings. The paper uses several ‘surprises’ at different horizons to determine timing, level, and slope components of unanticipated policy actions. International monetary policy surprise spillovers, Craine, R., & Martin, V. L. (2008). International monetary policy surprise spillovers.Journal of International Economics,75(1), 180-196. This paper examines international monetary surprise spillovers and to estimate the response of security prices to monetary and nonmonetary surprises.