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Persistent link: https://www.econbiz.de/10009427390
We investigate regime-dependent Granger causality between real output, inflation and monetary indicators and map with U.S. Fed Chairperson's tenure since 1965. While all monetary indicators have causal predictive content in certain time periods, we report that the Federal Funds rate (FFR) and...
Persistent link: https://www.econbiz.de/10012157284
In this paper we explore the information content of a large set of fiscal indicators for U.S. real output growth and inflation. We provide evidence that fluctuations in certain fiscal variables contain valuable information to predict fluctuations in output and prices. The distinction between...
Persistent link: https://www.econbiz.de/10010574525
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …
Persistent link: https://www.econbiz.de/10010290138
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …
Persistent link: https://www.econbiz.de/10013104704
the central bank after a liquidity shock creates a new channel of policy transmission that leads to a sharp decrease in …
Persistent link: https://www.econbiz.de/10013089685
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a … ; bank portfolio …
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