Altavilla, Carlo; Brugnolini, Luca; Gürkaynak, Refet S.; … - 2019
’ responses to monetary policy surprises depended on the perceived nature of the surprises. We find no evidence of asymmetric … monetary policy. Lastly, we show how to implement our methodology for any policy-related news release, such as policymaker … speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event-Study Database (EA-MPD). This database …