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US monetary policy and international bond markets

Gilchrist, Simon; Yue, Vivian Z.; Zakrajšek, Egon - 2018

This paper uses high-frequency data to analyze the effects of US monetary policy--during the conventional and unconventional policy regimes--on foreign government bonds markets in advanced and emerging market economies. The results indicate that an expansionary US monetary policy steepens the...

Persistent link: https://www.econbiz.de/10011927015