Impact of Macroeconomic Surprises Changed After Zero Lower Bound
研究发现,在零利率下限时期,就业和通胀相关的宏观经济意外对市场的影响增强,同时市场参与者更关注住房市场指标和GDP终值修正。
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.