Download This PaperImpact of Macroeconomic Surprises Changed after Zero Lower Bound
4 Pages Posted: 11 Jul 2017
Date Written: 2017
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.
Suggested Citation: Suggested Citation
Koch, Christoffer and Yung, Julieta, Impact of Macroeconomic Surprises Changed after Zero Lower Bound (2017). Economic Letter, Vol. 12, Issue 8, pp. 1-4, 2017, Available at SSRN: https://ssrn.com/abstract=3000251
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