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Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future monetary policy becoming available today. One example of...
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We use administrative data to measure sibling spillovers on academic performance before and after Tanzania … entrance exam were less likely to go to secondary school themselves; with FSE, the effect became positive. Negative spillovers … in the pre-reform period were concentrated in poorer regions; positive spillovers in the post-reform period were largest …
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alter the transmission-receiver roles of the system variables. In pairs, we find that foreign exchange spillovers within and …
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