Impact of Macroeconomic Surprises Changed after Zero Lower Bound

4 Pages Posted: 11 Jul 2017

See all articles by Christoffer Koch

Christoffer Koch

Federal Reserve Bank of Dallas

Julieta Yung

Federal Deposit Insurance Corporation

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

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

Christoffer Koch (Contact Author)

Federal Reserve Bank of Dallas ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX Texas 75265-5906
United States

HOME PAGE: http://www.dallasfed.org

Julieta Yung

Federal Deposit Insurance Corporation ( email )

550 17th Street NW
Washington, DC 20006

HOME PAGE: http://https://www.fdic.gov/analysis/cfr/

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