Xu Zhang - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:00:19+00:00A New Measure of Monetary Policy Shocks
https://www.bankofcanada.ca/2021/06/staff-working-paper-2021-29/
Combining various high frequency financial data with central bank projections, I construct a new measure of monetary policy shocks not predictable by the public information preceding a central bank’s announcements. I then study the causal effects of monetary policy on the macro economy.2021-06-21T14:33:29+00:00enA New Measure of Monetary Policy Shocks2021-06-21Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsInterest ratesMonetary policyStaff Working Paper 2021-29https://www.bankofcanada.ca/wp-content/uploads/2021/06/swp2021-29.pdfStaff Working Paper 2021-29Xu ZhangJune 2021EE5GG0