a shock in the Federal Funds Rate, following the baseline and variations of the Vector Autoregression (VAR) models in …

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 … conditions in Mexico, appreciate the peso/dollar exchange rate, lower the sovereign risk premium and forex volatility, and …

of narrative information to sharpen shock identification in a structural VAR analysis based on sign restrictions …

that threatened to increase inflation pressures. Perhaps nothing so complicates business planning and forecasting as …