Export Publication

The publication can be exported in the following formats: APA (American Psychological Association) reference format, IEEE (Institute of Electrical and Electronics Engineers) reference format, BibTeX and RIS.

Export Reference (APA) 
Madeira, C., Madeira, J. & Santos Monteiro, P. (2023). How supply shocks drive disagreement in monetary policy. SUERF Policy Brief. 701
Export Reference (IEEE) 
C. M. Madeira et al.,  "How supply shocks drive disagreement in monetary policy", in SUERF Policy Brief, no. 701, 2023
Export BibTeX 
@null{madeira2023_1716172966198,
	year = "2023",
	url = "https://www.suerf.org/suerf-policy-brief/76585/how-supply-shocks-drive-disagreement-in-monetary-policy"
}
Export RIS 
TY  - GEN
TI  - How supply shocks drive disagreement in monetary policy
T2  - SUERF Policy Brief
AU  - Madeira, C.
AU  - Madeira, J.
AU  - Santos Monteiro, P.
PY  - 2023
UR  - https://www.suerf.org/suerf-policy-brief/76585/how-supply-shocks-drive-disagreement-in-monetary-policy
AB  - We investigate how dissent in the Federal Open Market Committee (FOMC) is affected by structural macroeconomic shocks. We find that dissent is less frequent when demand shocks are the predominant source of fluctuations, and more frequent for supply shocks. In addition, supply shocks are found to raise private sector forecasting uncertainty about the path of interest rates. Since supply shocks impose a trade-off between inflation and output stabilization while demand shocks do not, our findings are consistent with heterogeneous preferences among FOMC members around the Fed’s dual mandate for price stability and employment.
ER  -