The Journal of Developing Areas, Vol. 51, No. 4 (Fall 2017), pp. 49-67 (19 pages) While the empirical investigation of monetary reaction function is not new, available literature is mainly for ...

This paper evaluates the bias of the least-squares-with-dummy-variables (LSDV) method in fiscal reaction function estimations. A growing number of studies estimate fiscal policy reaction ...

Forbes contributors publish independent expert analyses and insights. Macro strategy, with a fixed income and derivative bias. The Fed was dovish up to the June meeting. The Fed was dovish at the June ...

Europe appears to have weathered a pandemic-induced recession better than many feared, a slew of indicators suggested on Tuesday, but prospects for a second wave of infections and a hard Brexit are ...

The European Central Bank should err on the side of providing too much stimulus rather than too little, ECB board member Fabio Panetta said on Tuesday, possibly boosting expectations for the bank to ...

Following the second shallow inversion of the 2yr vs 10yr yield curve on Tuesday, 10yr yields have been surging higher while 2s recover. The curve is already back over 18bps and MBS are loving it (MBS ...

When Janet Yellen discusses the economy in New York today, the question the Federal Reserve chairwoman most needs to answer is this: has her reaction function changed? The term doesn’t come up much in ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

For all the time we spend pushing back on the notion that the Fed Funds Rate is a root cause for volatility in longer-term rates, that push-back always carries a notable caveat: Fed Funds Rate ...