New Findings from Federal Reserve Bank in the Area of Information Technology Reported (Measuring Monetary Policy In the Uk: the Uk Monetary Policy Event-study Database): Information Technology

2025 FEB 11 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Current study results on Information Technology have been published. According to news reporting originating from New York City, New York, by NewsRx correspondents, research stated, “We introduce the UK Monetary Policy Event-Study Database (UKMPD), a new and rich dataset of high-frequency monetary policy surprises for the United Kingdom.”

Our news editors obtained a quote from the research from Federal Reserve Bank, “Intraday surprises are computed around the Bank of England’s Monetary Policy Committee’s announcements, as well as around the press conference that follows the publication of the quarterly Monetary Policy Report. The dataset also includes factors that disentangle the different dimensions of UK monetary policy.”

According to the news editors, the research concluded: “We use the data to estimate the causal effects of UK monetary policy, and provide novel insights on how financial markets have responded to the changes in the communication strategy of the Bank of England.”

This research has been peer-reviewed.

For more information on this research see: Measuring Monetary Policy In the Uk: the Uk Monetary Policy Event-study Database. Journal of Monetary Economics, 2025;149. Journal of Monetary Economics can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Journal of Monetary Economics - http://www.journals.elsevier.com/journal-of-monetary-economics/)

The news editors report that additional information may be obtained by contacting Silvia Miranda-Agrippino, Federal Reserve Bank, New York, NY 10045, United States. Additional authors for this research include Robin Braun and Tuli Saha.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.jmoneco.2024.103645. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)