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Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence
(Private Enterprise Research Center, Texas A&M University, 2020-03-10)
Does the Federal Reserve have an “information advantage� in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks ...
State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles
(Private Enterprise Research Center, Texas A&M University, 2020-04-28)
In this paper, PERC Professor Sarah Zubairy, along with co-authors Sami Alpanda and Eleonora Granziera study how phases of the business, credit and interest rate cycles affect the transmission of monetary policy using ...
The Identification of Response of Stock Returns to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks
(Private Enterprise Research Center, Texas A&M University, 2014-08-11)
The authors investigate two related approaches to dealing with the possible joint repsonse bias in using Kuttner's approach to identifying monetary policy's impact on stock returns - the methodology recently suggested by ...