Arbatli-Saxegaard, Elif C.; Furceri, Davide; Gonzalez … - 2022
confluence of macroeconomic shocks shaping the path of interest rates in the US. The drivers of US monetary policy matter for the … US monetary policy shocks also depend on the state of the business cycle, exerting larger effects when growth is weak … outside the US. Finally, tighter US monetary policy affects the left tail of the growth distribution disproportionately: the …