This paper examines how carry trade activity affects the transmission of monetary policy in currency markets. It … a conventional monetary policy shock but depreciates to a central bank information shock. A threshold vector …

monetary policy shocks. Using randomized vignette treatments, we present officials with scenarios of increased government …-of-the-envelope calculation, we compute the macroeconomic impact of a monetary policy shock under a mixed fiscal policy adjustment. …

fast-moving energy prices plays an important role in the transmission of monetary policy. Third, we empirically document …