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Still, the International Monetary Fund noted that financial stresses and the risk of a major policy shock in Europe and the United States had decreased.
A second interesting policy innovation is a monetary policy shock.
This policy shock was applied to the model in two scenarios.
To identify a monetary policy shock, the paper applies the contemporaneous and the long run identification methods.
Accordingly, our policy shock for goods NTBs might overstate the remaining room for NTB reduction under TPP/TTIP.7.
We seek an understanding of what aspects of contract design, in the face of a substantial policy shock, affect the propensity to renegotiate.
Similar(40)
His candor, more than the government's expulsion policy, shocked many people.
What we have experienced since 2007 is a series of huge policy shocks — and basic macroeconomics made some very counterintuitive predictions about the effects of those shocks.
Was the bubble and bust caused by an emotional cycle of fear and greed, or by monetary policy shocks on both the upside and the downside?
Can it reassure investors that there won't be some nasty policy shocks or ministerial U-turns in a few years time?
"Everyone thought that monetary policy shocks -- sharp changes in interest rates -- made economic growth fluctuate," Mr. Prescott said in a telephone interview yesterday.
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