American Economic Journal Macroeconomics· 2015Q1
Monetary Policy Surprises, Credit Costs, and Economic Activity
- 1,455citations
- Q1SCImago
- 2015year
Short summary
Monetary policy shocks, identified via high-frequency announcement surprises, lead to modest short-rate changes but large shifts in credit costs, primarily driven by term premia and credit spreads.
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Sign in on the web to openField: General Economics, Econometrics and Finance
General Economics, Econometrics and FinanceEconomics, Econometrics and Finance