Papers by Peter Karadi

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Published Classic American Economic Journal: Macroeconomics Published Apr 2020

Deconstructing Monetary Policy Surprises—The Role of Information Shocks

This 2020 American Economic Journal: Macroeconomics paper by Marek Jarociński and Peter Karadi argues that conventional high-frequency-identified monetary policy surprises conflate two economically …

High Frequency Identification Central Bank Communication

Published Classic American Economic Journal: Macroeconomics Published Jan 2015

Monetary Policy Surprises, Credit Costs, and Economic Activity

Mark Gertler · Peter Karadi

This 2015 American Economic Journal: Macroeconomics paper by Mark Gertler and Peter Karadi uses a "proxy SVAR" — a structural VAR identified with external instruments rather than timing restrictions — …

High Frequency Identification Financial Frictions