Understanding the New York Fed's Survey of Primary Dealers

8 Pages Posted: 14 Aug 2013

See all articles by Ellen Correia-Golay

Ellen Correia-Golay

Federal Reserve Banks

Steven Friedman

Federal Reserve Banks - Federal Reserve Bank of New York

Michael McMorrow

Federal Reserve Banks - Federal Reserve Bank of New York

Date Written: August 1, 2013

Abstract

The New York Fed’s Survey of Primary Dealers plays a key role in the Federal Reserve’s understanding of market expectations for monetary policy and the economy, providing timely and comprehensive dealer insight into a range of topics. In recent years, the survey has evolved to reflect the changing macroeconomic environment brought about by the financial crisis and by the Fed’s move into new policy tools aimed at adjusting the size and composition of its balance sheet and giving more explicit forward guidance on the path of short-term interest rates. This study offers an in-depth look at the survey and discusses its structure and evolution.

Keywords: survey of primary dealers, primary dealers

JEL Classification: A10, A23

Suggested Citation

Correia-Golay, Ellen and Friedman, Steven and McMorrow, Michael, Understanding the New York Fed's Survey of Primary Dealers (August 1, 2013). Current Issues in Economics and Finance, Vol. 19, No. 6, 2013. Available at SSRN: https://ssrn.com/abstract=2309611

Ellen Correia-Golay

Federal Reserve Banks ( email )

Washington, DC
United States

Steven Friedman (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Michael McMorrow

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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