monetary policy is more effective in taming inflation after a global supply chain shock than in regular circumstances. …

-country asymmetries in monetary transmission. To do so, I determine how closely the impulse responses to a monetary policy shock obtained … find that up to 70% (50%) of the cross-country asymmetries in the responses of output (prices) to a monetary policy shock …

investigate whether employing the narrative monetary shock account as a proxy variable in a VAR model aligns both shock series. We …