A New Measure of Monetary Shocks

Romer, C. D., & Romer, D. H. (2004). A New Measure of Monetary Shocks: Derivation and Implications. The American Economic Review, 94(4), 1055-1084.

Type

Journal article

Intellectual base

Primary research

Year

2004

DOI

10.1257/0002828042002651

Link

https://doi.org/10.1257/0002828042002651

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Anticipatory Neutralization
  • An analyst can reduce anticipation through surprise interventions (the Romer-Romer approach to monetary surprise, surprise inspections, randomised enforcement timing)

    This sourceIdentifies monetary policy surprises (the component not anticipated by agents), the empirical instantiation of using surprise to bypass anticipatory offset.

Verification

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Registry ID ref:84b1bdadfc37 · see in the full table