Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock
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下载链接：
https://www.nber.org/papers/w32636
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资源简介：
Existing high-frequency monetary policy shocks explain surprisingly little variation in stock prices and exchange rates around FOMC announcements. Further, both of these asset classes display heightened volatility relative to non-announcement times. We use a heteroskedasticity-based procedure to
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
