Monetary Policy Is Not Always Systematic and Data-Driven : Evidence from the Yield Curve /

Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve movements, do react to macroeconomic innovations and these reactions reflect the moneta...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bulir, Ales
Awduron Eraill: Vlcek, Jan
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2020.
Cyfres:IMF Working Papers; Working Paper ; No. 2020/004
Mynediad Ar-lein:Full text available on IMF