Publikationsserver
Information or Uncertainty Shocks?
This paper shows that uncertainty has an impact on the effectiveness of monetary policy shocks. As uncertainty increases, so does the risk that a restrictive forward guidance shock will increase rather than decrease stock prices. This effect can be seen not only in high-frequency variables, but a...
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| Опубліковано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 41-2020) |
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| Автор: | |
| Формат: | Стаття |
| Мова: | англійська |
| Опубліковано: |
Philipps-Universität Marburg
2020
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| Предмети: | |
| Онлайн доступ: | PDF-повний текст |
| Теги: |
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MAGKS - Joint Discussion Paper Series in Economics