E
Eric T. Swanson
Researcher at University of California, Irvine
Publications - 103
Citations - 9099
Eric T. Swanson is an academic researcher from University of California, Irvine. The author has contributed to research in topics: Monetary policy & Interest rate. The author has an hindex of 36, co-authored 96 publications receiving 8349 citations. Previous affiliations of Eric T. Swanson include Federal Reserve System & Federal Reserve Bank of San Francisco.
Papers
More filters
Journal ArticleDOI
Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements
TL;DR: In this paper, the authors investigate the effects of U.S. monetary policy on asset prices using a high-frequency event-study analysis and find that two factors are required: a current federal funds rate target and a future path of policy.
Journal ArticleDOI
The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models
TL;DR: In this article, the effects of macroeconomic and monetary policy surprises on the term structure of interest rates are investigated, and it is shown that long-term forward rates move significantly in response to the unexpected components of many macroeconomic data releases and monetary policies announcements.
Posted Content
Do actions speak louder than words? the response of asset prices to monetary policy actions and statements
TL;DR: In this paper, the authors investigate the effects of U.S. monetary policy on asset prices using a high-frequency event-study analysis and find that two factors are required: a current federal funds rate target and a future path of policy.
Posted Content
Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
Eric T. Swanson,John C. Williams +1 more
TL;DR: The authors measured the effects of the zero lower bound on interest rates of any maturity by comparing the sensitivity of those interest rates to macroeconomic news when short-term interest rates were very low to that during normal times.
Journal ArticleDOI
The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks
TL;DR: In this paper, the authors show that introducing Epstein-Zin preferences into a canonical DSGE model can also produce a large and variable term premium without compromising the model's ability to fit key macroeconomic variables.