Federal Reserve Disclosure Policy and Market Effects

Daniel L. Thornton's dataset from the Federal Reserve Bank of St. Louis examines the market impact of the Federal Reserve's shift to immediate policy disclosure. The research was motivated by prior work from Graciela Kaminsky, and its findings on announcement effects are reported to be similar. This dataset likely contains tabular data supporting analysis of market reactions to central bank communication.

Use Cases

• Analyzing market reaction to Federal Reserve policy announcements based on described announcement effects.
• Studying the impact of central bank disclosure policy changes on financial markets.
• Comparing announcement effect results with prior research by Graciela Kaminsky.

Strengths

• Originates from a major central bank research institution, the Federal Reserve Bank of St. Louis.
• Builds upon and compares results with established prior work in the field.

Limitations

• Key metadata is missing, including row count, column names, and specific update dates.
• The dataset has a closed license, restricting access and reuse.
• Data completeness is low, with no column details provided to assess content.

Provenance

Source

Federal Reserve Bank of St. Louis, author Daniel L. Thornton.