and the stock market in the US around FOMC announcements. A restrictive monetary policy shock in the US is identified by … an increase in the interest rate and a drop in stock prices, while a positive information shock is identified when both …

policies in these periods with respect to monetary stability, inflation, and growth challenges. The paper presents an analysis …

inflation volatility faced by the central bank of a small open economy by analysing the impact of a global cost-push shock. We … worsen as the foreign central bank becomes more focused on output stabilisation relative to inflation stabilisation; but the …