production networks in the propagation of shocks along two dimensions. First, we set forth a Bayesian spatial panel state … impacts of monetary policy shocks to production industries via a sparse finite Gaussian mixture model. The results suggest … substantial heterogeneities in the responses of industries to surprise monetary policy shocks. Moreover, we find that the role of …

Monetary policy shocks have a large impact on aggregate stock market returns in narrow event windows around press … policy shocks into a direct (demand) effect and an indirect (network) effect. We attribute 50%-85% of the overall effect to … inputs guides our empirical methodology. Our findings indicate that production networks might be an important propagation …

Monetary policy shocks have a large impact on stock returns in narrow windows around press releases by the Federal … Reserve. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect and an … inputs guides our empirical strategy. Our findings indicate that production networks might be an important propagation …

We study the importance of production networks for the transmission of macroeconomic shocks using the stock market … reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct … intermediate inputs predicts that the reaction of stock returns to shocks follows a spatial autoregression, which we exploit for …

We study the importance of production networks for the transmission of macroeconomic shocks using the stock market … reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct … intermediate inputs predicts that the reaction of stock returns to shocks follows a spatial autoregression, which we exploit for …

We study the importance of production networks for the transmission of macroeconomic shocks using the stock market … reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct … intermediate inputs predicts that the reaction of stock returns to shocks follows a spatial autoregression, which we exploit for …

Monetary policy shocks have a large impact on stock prices during narrow time windows centered around press releases by … the FOMC. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect …