News and Monetary Shocks at a High Frequency : A Simple Approach /

We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve's May 22, 2013 taper talk suggesting that it would begin winding down its quantitative...

Descrición completa

Detalles Bibliográficos
Autor Principal: Matheson, Troy
Outros autores: Stavrev, Emil
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/167
Subjects:
Acceso en liña:Full text available on IMF
LEADER 01817cas a2200325 a 4500
001 AALejournalIMF014694
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781498324854 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Matheson, Troy. 
245 1 0 |a News and Monetary Shocks at a High Frequency :   |b A Simple Approach /  |c Troy Matheson, Emil Stavrev. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (12 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve's May 22, 2013 taper talk suggesting that it would begin winding down its quantitative easing program. Our findings show that the sharp rise in 10-year Treasury bond yields immediately after the taper talk was largely due to monetary shocks, with positive economic news becoming increasingly important in subsequent months. 
538 |a Mode of access: Internet 
650 7 |a Bond Yield  |2 imf 
650 7 |a Economic News  |2 imf 
650 7 |a Equity Price  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a United States  |2 imf 
700 1 |a Stavrev, Emil. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/167 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/167/001.2014.issue-167-en.xml  |z IMF e-Library