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Unconventional monetary policies and expectations on economic variables
We investigate whether forward guidance and large scale asset purchases are effective in steering economic expectations in the USA. Using the series of monetary policy shocks recovered in Swanson (J Monet Econ 118:32–53, 2021), local projections, and an algorithm to select the best empirical model,...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8905012/ https://www.ncbi.nlm.nih.gov/pubmed/35280305 http://dx.doi.org/10.1007/s00181-022-02224-6 |