Despite substantial differences in monetary policy and communication strategies, many central banks share the practice of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events. This practice is remarkable, as it seems to contradict the...

Despite substantial differences in monetary policy and communication strategies, many central banks share the practice of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events. This practice is remarkable, as it seems to contradict the...

In this paper I study effects of a monetary policy shock on industries through Publicly Traded Firms in Peru. For this purpose I elaborate a new measure of a monetary policy shock, correcting two possible risks as the endogeneity that a monetary policy shock may have with the economic activity...