Inflation Regimes and Monetary Policy Shocks: A High-Frequency Investigation
This thesis investigates how the effectiveness of monetary policy varies across high- and low-inflation regimes by examining high-frequency monetary policy shocks in the eurozone, Sweden, and the United Kingdom from August 2004 to August 2024. Using local projection with regime-dependent specifications, it assesses the varying impact of contractionary shocks in low- and high-inflation environments