prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for … prices as an information variable for monetary policy implementation. A set of option prices provides us with information on …

We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there …

This paper shows how US monetary policy contributed to the drop in the volatility of US output fluctuations and to the ….e. changes in the size of monetary policy shocks, affect both the correlation between output components and their volatility. A … little impact on the fluctuations of real output. …