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Intraday volatility responses to monetary policy events

✍ Scribed by Asger Lunde; Allan A. Zebedee

Book ID
107341652
Publisher
Springer US
Year
2009
Tongue
English
Weight
960 KB
Volume
23
Category
Article
ISSN
1555-4961

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## Abstract According to conventional wisdom, the output effects of a monetary policy shock commence within months of the shock, while most inflationary effects lag significantly. We demonstrate a simple model that can explain the conventional wisdom and is consistent with profit maximizing price s