Impact of Macroeconomic Surprises Changed After Zero Lower Bound
Christoffer Koch and
Julieta Yung
Economic Letter, 2017, vol. 12, issue 8, 4 pages
Abstract:
Macroeconomic surprises involving employment and inflation?reflecting the Fed?s attempts to achieve its dual mandate to promote full employment and price stability?increased in importance during the zero-lower-bound period. Also, market participants were more attentive to housing market indicators and final GDP revisions.
Date: 2017
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