Journal Article
Impact of Macroeconomic Surprises Changed After Zero Lower Bound
Abstract: Macroeconomic surprises involving employment and inflation?reflecting the Fed?s attempts to achieve its dual mandate to promote full employment and price stability?increased in importance during the zero-lower-bound period. Also, market participants were more attentive to housing market indicators and final GDP revisions.
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Economic Letter
Publication Date: 2017-07
Volume: 12
Issue: 8
Pages: 1-4