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...

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Dettagli Bibliografici
Autore principale: Bulir, Ales
Altri autori: Vlcek, Jan
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/004
Accesso online:Full text available on IMF