The authors would like to thank Filipo Altissimo, Adam Ashcraft, Michael Ehrmann, Charles Goodhart, Pok-sang Lam (the editor), Ingrid Lo, Angela Maddaloni, Simone Manganelli, Don Morgan, Rafael Repullo, Hyun Shin, an anonymous referee, and seminar participants at the ECB, the University of Frankfurt, the Max Planck Institute for Collective Goods, and the FIRS conference in Shanghai for helpful discussions and comments and especially Lorenzo Cappiello, who provided invaluable feedback in the early stages of this project. The views expressed in this paper are those of the authors and do not necessarily reflect those of the European Central Bank, the Eurosystem, or the Albanian National Bank. Arjan Kadareja was a consultant at the ECB when this paper was written and would like to thank the ECB for the generous hospitality.
Stale Information, Shocks, and Volatility
Article first published online: 26 AUG 2012
© 2012 The Ohio State University
Journal of Money, Credit and Banking
Volume 44, Issue 6, pages 1117–1149, September 2012
How to Cite
GROPP, R. and KADAREJA, A. (2012), Stale Information, Shocks, and Volatility. Journal of Money, Credit and Banking, 44: 1117–1149. doi: 10.1111/j.1538-4616.2012.00525.x
- Issue published online: 26 AUG 2012
- Article first published online: 26 AUG 2012
- Received October 3, 2006; and accepted in revised form December 20, 2011.
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