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This paper quantifies the impact of monetary policy shocks on asset markets in the United States and gauges the usefulness of a shadow short rate as a measure of conventional and unconventional monetary policy shocks. Monetary policy surprises are found to have had a larger impact on asset...
Persistent link: https://www.econbiz.de/10010798486
This paper quantifies the impact of monetary policy shocks on asset markets in the United States and gauges the usefulness of a shadow short rate as a measure of conventional and unconventional monetary policy shocks. Monetary policy surprises are found to have had a larger impact on asset...
Persistent link: https://www.econbiz.de/10010904234
This paper quantifies the impact of monetary policy shocks on asset markets in the United States and gauges the usefulness of a shadow short rate as a measure of conventional and unconventional monetary policy shocks. Monetary policy surprises are found to have had a larger impact on asset...
Persistent link: https://www.econbiz.de/10013053459
Persistent link: https://www.econbiz.de/10010410299
Persistent link: https://www.econbiz.de/10011341998
Persistent link: https://www.econbiz.de/10011968741
Persistent link: https://www.econbiz.de/10011689534
This paper constructs a composite index of leading indicators of New Zealand employment. The choice of variables and their weights in the composite index are determined by their concordance with employment. The composite index is included in an indicator model to forecast quarterly employment...
Persistent link: https://www.econbiz.de/10012115500
New Zealand's economic reforms beginning in 1984 have been one of the most radical and comprehensive programme of structural adjustment amojng OECD countries. This paper provides an empirical assessment of how New Zealand's production structure has changed since the early 1970s. The methodology...
Persistent link: https://www.econbiz.de/10005532870
New Zealand's economic reforms beginning in 1984 have been one of the most radical and comprehensive programme of structural adjustment amojng OECD countries. This paper provides an empirical assessment of how New Zealand's production structure has changed since the early 1970s. The methodology...
Persistent link: https://www.econbiz.de/10010860348