Do the Effects of Expansionary Monetary Policy Shocks on Output Persistence Depend on Inflation Regimes?

Author(s):  
Eliphas Ndou ◽  
Thabo Mokoena
Author(s):  
Martin Kliem ◽  
Alexander Meyer‐Gohde

2021 ◽  
pp. 1-10
Author(s):  
Toyoichiro Shirota

Abstract This study empirically examines whether shock size matters for the US monetary policy effects. Using a nonlinear local projection method, I find that large monetary policy shocks are less powerful than smaller monetary policy shocks, with the information effect being the potential source of the observed asymmetry in monetary policy efficacy.


2017 ◽  
Vol 74 ◽  
pp. 108-128 ◽  
Author(s):  
Sandra Gomes ◽  
Nikolay Iskrev ◽  
Caterina Mendicino

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