The Fed Tilts its Hand

Is there a case for increased central bank transparency? Bernanke certainly seems to think so. In the press release which announced the results of the December 2012 meeting of the Federal Open Market Committee (FOMC), the language regarding the timing of the Fed’s eventual movement away from exceptionally low levels of the federal funds rate […]

Hunting Alpha in Washington

In August, researchers from Harvard and Darthmouth published a very notable paper which studied the impact of federal legislation on U.S. corporations over the 20 years from 1989 to 2008. They found that by studying the deviations in voting behavior between ‘interested legislators’ and ‘uninterested legislators’ (these terms are defined below), signals could be derived about […]