data, demonstrate the need to include spatial price spillovers to remove bias, and propose an innovative approach to …

quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers are significant and tend to be larger for … policy have changed over time, with larger estimated domestic multipliers and spillovers between 2011 and 2014 …

Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yield was a key driver of long …-13. Remarkably, the propagation of shocks from U.S. long-term yields was amplified by changes in the policy rate in Brazil, but not … will need to contend with potential spillovers from shifts in monetary policy expectations in the U.S., which often lead to …

is not. Spillovers can take two different forms: the transmission of Brazil-specific shocks and the amplification of …Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for … policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring …

This paper analyzes cross-border macrofinancial spillovers from a variety ofmacroprudential policy measures, using a … adjustments have the potential to generate sizeable regional spillovers …