{"id":"https://openalex.org/W2004122358","doi":"https://doi.org/10.2139/ssrn.882294","title":"Anticipation and Surprises in Central Bank Interest Rate Policy: The Case of the Bundesbank","display_name":"Anticipation and Surprises in Central Bank Interest Rate Policy: The Case of the Bundesbank","publication_year":1998,"publication_date":"1998-01-01","ids":{"openalex":"https://openalex.org/W2004122358","doi":"https://doi.org/10.2139/ssrn.882294","mag":"2004122358"},"language":"en","primary_location":{"id":"doi:10.2307/3867588","doi":"https://doi.org/10.2307/3867588","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3867588","pdf_url":null,"source":{"id":"https://openalex.org/S4210225973","display_name":"Staff Papers","issn_l":"0020-8027","issn":["0020-8027"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Staff Papers - International Monetary Fund","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.882294","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044120537","display_name":"Daniel C. Hardy","orcid":"https://orcid.org/0000-0002-2893-3801","observed_orcids":["https://orcid.org/0000-0002-2893-3801"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Daniel Hardy","raw_affiliation_strings":["International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","\u2021International Monetary Fund"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","institution_ids":["https://openalex.org/I1310145890"]},{"raw_affiliation_string":"\u2021International Monetary Fund","institution_ids":["https://openalex.org/I1310145890"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5044120537"],"corresponding_institution_ids":["https://openalex.org/I1310145890"],"apc_list":null,"apc_paid":null,"fwci":13.4727,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.98282168,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"45","issue":"4","first_page":"647","last_page":"647"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/central-bank-interest-rate-policy","display_name":"central bank interest rate policy","score":0.8399999737739563},{"id":"https://openalex.org/keywords/deutsche-bundesbank","display_name":"Deutsche Bundesbank","score":0.6129999756813049},{"id":"https://openalex.org/keywords/policy-anticipation","display_name":"policy anticipation","score":0.5360000133514404},{"id":"https://openalex.org/keywords/discount-rate","display_name":"discount rate","score":0.9539999961853027},{"id":"https://openalex.org/keywords/market-reaction","display_name":"market reaction","score":0.5690000057220459},{"id":"https://openalex.org/keywords/german-interest-rates","display_name":"German interest rates","score":0.460999995470047},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.5789999961853027},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.49399998784065247}],"concepts":[{"id":"https://openalex.org/C176777502","wikidata":"https://www.wikidata.org/wiki/Q4774623","display_name":"Anticipation (artificial intelligence)","level":2,"score":0.7743715047836304},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.6318647861480713},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.6201838850975037},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4259050786495209},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.41965189576148987},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4067680835723877},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.350443959236145},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.338053435087204},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1074289083480835},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2307/3867588","doi":"https://doi.org/10.2307/3867588","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3867588","pdf_url":null,"source":{"id":"https://openalex.org/S4210225973","display_name":"Staff Papers","issn_l":"0020-8027","issn":["0020-8027"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Staff Papers - International Monetary Fund","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.882294","doi":"https://doi.org/10.2139/ssrn.882294","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.882294","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:pal:imfstp:v:45:y:1998:i:4:p:647-671","doi":null,"is_oa":false,"landing_page_url":"http://www.jstor.org/stable/3867588?origin=pubexport","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:1502563357","doi":null,"is_oa":false,"landing_page_url":"https://www.imf.org/external/Pubs/FT/staffp/1998/12-98/pdf/hardy.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"doi:10.2139/ssrn.882294","doi":"https://doi.org/10.2139/ssrn.882294","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.882294","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W1480802148","https://openalex.org/W1548660447","https://openalex.org/W1567234431","https://openalex.org/W1571217109","https://openalex.org/W1972257924","https://openalex.org/W1982665173","https://openalex.org/W2001389660","https://openalex.org/W2023063828","https://openalex.org/W2064360179","https://openalex.org/W2087231983","https://openalex.org/W2087493413","https://openalex.org/W2098910318","https://openalex.org/W2136123261","https://openalex.org/W2276501280","https://openalex.org/W3121938565","https://openalex.org/W3122255526","https://openalex.org/W3124548736","https://openalex.org/W3125425480"],"related_works":["https://openalex.org/W4253972221","https://openalex.org/W7100104297","https://openalex.org/W2070363589","https://openalex.org/W2151351856","https://openalex.org/W3120494103","https://openalex.org/W1592767282","https://openalex.org/W1969086208","https://openalex.org/W3124468678","https://openalex.org/W4416702593","https://openalex.org/W1536876260"],"abstract_inverted_index":null,"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":4}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}