Papers by Brian Sack

Published Classic International Journal of Central Banking Published May 2005

Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements

Refet S. Gürkaynak · Brian Sack · Eric T. Swanson

This 2005 International Journal of Central Banking paper by Refet Gürkaynak, Brian Sack, and Eric Swanson tests whether asset-price responses to FOMC announcements can be adequately characterized by a …

Central Bank Communication High Frequency Identification

Published Classic International Journal of Central Banking Published Mar 2011

The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases

Joseph Gagnon · Matthew Raskin · Julie Remache · Brian Sack

This 2011 International Journal of Central Banking paper by Gagnon, Raskin, Remache, and Sack provides the founding empirical assessment of the Federal Reserve's first large-scale asset purchase …

Quantitative Easing Unconventional Monetary Policy

Published Classic American Economic Review Published Feb 2005

The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models

Refet S. Gürkaynak · Brian Sack · Eric Swanson

This 2005 American Economic Review paper by Refet Gürkaynak, Brian Sack, and Eric Swanson asks whether long-term forward interest rates respond to daily macroeconomic and monetary-policy news, a …

Central Bank Communication Term Structure Yield Curve