leads to a significantly smaller increase in long-term bond yields if policy uncertainty is high at the time of the shock … are robust to the measurement of monetary policy uncertainty and the definition of the monetary policy shock. We argue … policy uncertainty leads to opposite effects with term premia increasing even more after a policy shock. …

shock. We find that flexible inflation targeting regime using interest rate rules (IRRs) with floating exchange rates is …

shock types within a given country; we then show that the implicit under/over-valuations can be related to some simple cross … that can blur the thin separation line between uncertainty shock types. In this context, we find that ECB reacted to those …

shock types within a given country; we then show that the implicit under/over-valuations can be related to some simple cross … that can blur the thin separation line between uncertainty shock types. In this context, we find that ECB reacted to those …