𝔖 Bobbio Scriptorium
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Credit Spreads and Monetary Policy

✍ Scribed by VASCO CÚRDIA; MICHAEL WOODFORD


Book ID
109147081
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
604 KB
Volume
42
Category
Article
ISSN
0022-2879

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Credit Spread Changes and Monetary Polic
✍ XIAONENG ZHU* 📂 Article 📅 2012 🏛 John Wiley and Sons 🌐 English ⚖ 658 KB

This study analyzes the impact of monetary policy actions on credit spreads of various rating categories and maturities, using federal funds futures to distinguish between anticipated and unanticipated changes in the federal funds rate. Two proxies for monetary policy shocks are the surprise change