Plausibly Exogenous [1152] - Systematic Monetary Policy (03/29/2023)
LHS Variable
Propagation of macroeconomic shocks
RHS Variable
Systematic monetary policy
Source of Exogenous Variation
Variation from the FOMC voting rotation: annual mechanical scheme that shuffles four voting rights among eleven Federal Reserve Bank presidents
- Hack, Istrefi, and Meier (2023), “Identification of Systematic Monetary Policy”