Arbatli, Elif; Furceri, Davide; González, Pablo; … - 2024
policy shocks also depend on the state of the business cycle, exerting larger effects when growth is weak outside the US …We provide new evidence on the spillover effects from US monetary policy, focusing on the nature of the shocks driving … movements in US interest rates. With an SVAR-IV model used to identify monetary policy, demand, and supply shocks, we find that …