Monetary policy matters: Evidence from new shocks data

By S. M. Barakchian, Christopher Crowe. 2013

223 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a133dded26950bb8447816b34e57458deadce179

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Citations in the corpus

Macroeconomic Shocks and Their Propagation (2016, background): “Barakchian and Crowe (2013) estimate many of the standard models, such as by those by Bernanke and Mihov (1998), CEE (1999), Romer and Romer (2004), and Sims and Zha (2006b), splitting the estimation sample in the 1980s and showing that the impulse response functions change dramatically.”
Monetary Policy Surprises, Credit Costs, and Economic Activity † (2014, methodology): “Or, equivalently, we can first create a cumulative daily surprise series by cumulating all FOMC day surprises (similarly as was done by Romer and Romer (2004) and Barakchian and Crowe (2013)), then, second, we can take monthly averages of these series, and, third, obtain monthly average surprises as”
Forecast Error Variance Decompositions with Local Projections (2019, unknown): “This benchmark corresponds to the practice of including shocks into VARs directly (e.g., Barakchian and Crowe 2013; Basu et al. 2006; Ramey 2011; Romer and Romer 2004, 2010).”
Forward Guidance and Macroeconomic Outcomes since the Financial Crisis (2016, background): “Barakchian and Crowe (2013) and Bundick and Smith (2015) also use high frequency data to identify forward guidance shocks in a VAR. They do so by using the cumulated sum of changes in fed funds futures on FOMC days as the policy indicator. Both papers find real activity contracts after a positive fo”
High Frequency Identification of Monetary Non-Neutrality: The Information Effect (2018, unknown): “See also Barakchian and Crowe (2013).”
If the Fed Sneezes, Who Catches a Cold? (2017, methodology): “To sharpen understanding about our results, we will report the whole impact posteriors for our impulse responses, to contrast them with the implicit priors as captured by (1) and (2) (see Figure 3 below).”
Economic Policy Uncertainty Spillovers in Booms and Busts (2019, unknown): “…in Gilchrist and Zakrajˇsek (2012). an Overall, we consider eight macroeconomic shocks, i.e., two monetary policy shocks (Romer and Romer (2004) and Barakchian and Crowe (2013)), one ﬁnancial shock (Gilchrist and Zakrajˇsek (2012)), two ﬁscal shocks (ﬁscal spending news shocks `a la Ramey (2011)…”