News Shocks Spillovers: How the Euro Area Responds to Expected Fed Policy

Monetary policy increasingly relies on steering market expectations about future policy. This paper identi_es a monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future monetary policy becoming available today. One example...

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Foilsithe in:MAGKS - Joint Discussion Paper Series in Economics (Band 32-2018)
Príomhchruthaitheoirí: Rudel, Paul, Tillmann, Peter
Formáid: Alt
Teanga:Béarla
Foilsithe / Cruthaithe: Philipps-Universität Marburg 2018
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MAGKS - Joint Discussion Paper Series in Economics