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influences volatility in 10 MENA countries from 2000 to 2019. Using a recently published panel cointegration estimating approach …
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Using federal funds futures data, we show the importance of surprise communication as a component of monetary policy for U.S. macro variables, both before and after 2008. While Gürkaynak et al. (2005) stress the importance of monetary policy communication for asset prices, much of the...
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