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Unconventional monetary policies and expectations on economic variables
We investigate whether forward guidance and large scale asset purchases are effective in steering economic expectations in the USA. Using the series of monetary policy shocks recovered in Swanson (J Monet Econ...
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Article
Fiscal policy in the US: a new measure of uncertainty and its effects on the American economy
We use the dispersion of the Federal Budget Balance forecasts from Consensus Economics to construct a new measure of fiscal uncertainty; constant horizon forecasts are obtained through mixture distributions. T...
