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The value of the US dollar is of major importance to the world economy. Global liquidity has grown sharply in recent …
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The value of the US dollar is of major importance to the world economy. Global liquidity has grown sharply in recent …
Persistent link: https://www.econbiz.de/10012970151
We construct a GFAVAR model with newly released global data from the Federal Reserve Bank of Dallas to investigate the drivers of official/policy interest rate. We find that 62% of movement in global official/policy interest rates is attributed to changes in global monetary aggregates (21%), oil...
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