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economy macro model. We show that movement in exchange rates have a direct implication for trade policy when governments …
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that, in a global economy with open financial markets, the problem of the zero bound introduces a new dimension to the …
Persistent link: https://www.econbiz.de/10013081245
This paper explores the nature of macroeconomic spillovers from advanced economies to emerging market economies (EMEs) and the consequences for independent use of monetary policy in EMEs. We first empirically document the effects of US monetary policy shocks on a sample group of EMEs. A...
Persistent link: https://www.econbiz.de/10013011458
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