Banxico study points to knowledge gap in analysis of Fed policy
Examining “information shocks” can lead to better assessment of the impact of FOMC decisions
Researchers from the Bank of Mexico (Banxico) argue that the international transmission of US interest rate decisions can be better understood by distinguishing between two types of shock: those related to monetary policy and those related to the information provided by the Federal Reserve.
In a working paper published in September, Carlos Alba, Julio Carrillo and Raúl Ibarra studied the spillover effects on Mexico’s economy of announcements by the US Federal Open Market Committee (FOMC). They
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