01817cas a2200325 a 4500 AALejournalIMF014694 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498324854 1018-5941 BD-DhAAL BD-DhAAL Matheson, Troy. News and Monetary Shocks at a High Frequency : A Simple Approach / Troy Matheson, Emil Stavrev. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (12 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserve's May 22, 2013 taper talk suggesting that it would begin winding down its quantitative easing program. Our findings show that the sharp rise in 10-year Treasury bond yields immediately after the taper talk was largely due to monetary shocks, with positive economic news becoming increasingly important in subsequent months. Mode of access: Internet Bond Yield imf Economic News imf Equity Price imf Monetary Policy imf WP imf United States imf Stavrev, Emil. IMF Working Papers; Working Paper ; No. 2014/167 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/167/001.2014.issue-167-en.xml IMF e-Library