policy does not remain loose throughout the low-supply phase: The central bank undoes the initial interest rate cuts once … aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

-liquidity measures between 1999-2012. Specifically, macro-liquidity shocks, which are extracted on the meeting days of the Bank of …

We use a unique Brazilian dataset on daily survey expectations to obtain direct measures of shocks to central bank …

policy does not remain loose throughout the low-supply phase: The central bank undoes the initial interest rate cuts once … aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

policy does not remain loose throughout the low-supply phase: The central bank undoes the initial interest rate cuts once … aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

We decipher monetary policy shocks by directly connecting them to the stance a central bank expresses in its … communication about different topics. To measure topic-specific central bank stances, we apply textual analysis techniques to press … conference statements of the European Central Bank (ECB). Using three sets of shocks established in the literature, based on …