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Less bang for the buck? : assessing the role of inflation uncertainty for U.S. monetary policy transmission in a data rich environment

Herwartz, Helmut; Rohloff, Hannes - 2018

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy. Monetary policy shocks are identified within the framework of nonlinear structural factor-augmented VARs which allow us to analyze several complementary hypotheses connecting IU...

Persistent link: https://www.econbiz.de/10011931106