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 of...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 32-2018)
Main Authors:	Rudel, Paul, Tillmann, Peter
Format:	Article
Language:	English
Published:	2018
Subjects:	expectations forward guidance interest rates monetary policy spillovers News shock Wirtschaft Economics
Online Access:	PDF Full Text
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