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