01658cas a2200253 a 4500 AALejournalIMF016088 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513522012 1018-5941 BD-DhAAL BD-DhAAL Bulir, Ales. Monetary Policy Is Not Always Systematic and Data-Driven : Evidence from the Yield Curve / Ales Bulir, Jan Vlcek. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (36 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 Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve movements, do react to macroeconomic innovations and these reactions reflect the monetary policy regime. While we find evidence of the primacy of the price stability objective in the inflation targeting countries, links to inflation and the output gap are generally weaker and less systematic in money-targeting and multiple-objective countries. Mode of access: Internet Vlcek, Jan. IMF Working Papers; Working Paper ; No. 2020/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/004/001.2020.issue-004-en.xml IMF e-Library