Arteta, Carlos Ó.; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2015
tightening cycle for the first time in nearly a decade. The taper tantrum episode of May-June 2013 is a reminder that even a long … (EFEs). This paper provides a comprehensive analysis of the potential implications of the Fed tightening cycle for EFEs. We … report three major findings: First, since the tightening cycle will take place in the context of a robust U.S. economy, it …