identified monetary policy shock is then put into country-specific local projections in order to derive country-specific impulse …

examine impulse response functions of the factors and individual variables to a monetary policy shock. The results suggest … that the proposed method provides a useful framework for the interpretation of factors and associated shock transmission …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …

prior distribution of structural parameters and shock processes are determined according to the literature. Then, we … consistent with theoretical framework of the new Keynesian synthesis. Besides, the historical shock decompositions of endogenous … monetary policy increases the effects of monetary policy shock on inflation while its impact on output gap and interest rate …

's effect on fundamentals. The estimation results from a bivariate VAR-GARCH model suggest that the Fed does not respond to the …

find that (i) the US economy is well described by a number of structural shocks between two and five. Focusing on the four-shock …

residuals of the policy rule equation at these shock dates accordingly. In spite of its utmost agnostic nature, this approach …

residuals of the policy rule equation at these shock dates accordingly. In spite of its utmost agnostic nature, this approach …