Explaining and Forecasting the US Federal Funds Rate: A Monetary Policy Model for the US

by M. Clements

Overview

This book has been written as a practical guide for finance markets professionals to explain US monetary policy and to make forecasts of future interest rate levels. Aimed at market players, familiar with US policy instruments, Explaining and Forecasting the US Federal Funds Rates will provide a means of making independent interest rate forecasts as well as explaining current rate levels.

Product Details

ISBN-13:	9781349516636
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/2004
Series:	Finance and Capital Markets Series
Edition description:	1st ed. 2004
Pages:	145
Product dimensions:	5.51(w) x 8.50(h) x (d)

About the Author

MATTHEW CLEMENTS is a freelance economist and is author of many articles on market commentaries on economics in the financial press. He was previously employed as an economist by Prebon Yamane in London.

Table of Contents

Introduction Monetary Policy Models The History of Fed Policy Procedures, Targets and Instruments Since 1970 The Monetary Policy Model (MPM) Making Interest Rate Forecasts Using the MPM Comparing MPM Results with the Eurodollar Futures Market Comparing the Two-Year Average Forecasting Errors of the MPM and Eurodollar Futures