Board of Governors of the Federal Reserve System

policy have important effects on equity prices through changes in risk...policy rule agents use to form their expectations, and in so doing flexibly

investors (Jensen and Meckling 1976). Management possesses private information...investors to take on risks. Investors typically rely on the information

policy--measured either by interest rates or liquidity provision--is not...policy acts on inflation indirectly by altering the balance among the

expectations. The labor market has continued to strengthen, with the unemployment...expectations may currently be too low for the Committee to achieve its

Expectations and Flow Dynamics in High Yield Corporate Debt Mutual funds

expectations. One of the most important findings from QIS4, obviously,...expectations and more robust default and loss-severity data. Banks will

Policies Well-managed financial institutions have writ- ten and consistently...policies for commitments to originate mortgage loans that will be held

policy over the intermeeting period ahead. A summary of the economic and...policy directive that was approved by the Committee and issued to the

policy strategies The Monetary Policy Strategies section of the June Tealbook...expectations formation plays in determining the effects of a change in

investors. Elsewhere in the household sector, consumer spending--about