Understanding the impact of monetary policy announcements: The importance of language and surprises

© 2017 Elsevier B.V.Monetary policy announcements have a significant impact on financial market liquidity. This study provides a novel perspective on the factors driving this relationship in the market for 10-year Treasury note futures: Target rate surprises and the complexity of the monetary policy...

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Bibliographic Details
Main Authors: Smales, Lee, Apergis, N.
Format: Journal Article
Published: Elsevier 2017
Online Access:http://hdl.handle.net/20.500.11937/62870