Monetary Policy is Not Always Systematic and Data-Driven: Evidence from the Yield Curve

Does monetary policy react systematically to macroeconomic innovations in emerging and low-income countries? And do such systematic responses vary across monetary policy regimes? In a sample of 16 countries – operating under various monetary regimes – we find that monetary policy decisions, as expre...

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Veröffentlicht in:	Open economies review 2023-02, Vol.34 (1), p.93-112
Hauptverfasser:	Bulíř, Aleš, Vlček, Jan
Format:	Artikel
Sprache:	eng
Schlagworte:	Development Economics Economic Policy Economics Economics and Finance European Integration Inflation Innovations International Economics Macroeconomics Macroeconomics/Monetary Economics//Financial Economics Monetary policy Money Primacy Research Article Yield curve
Online-Zugang:	Volltext
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