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pressure. The shift in where investment is occurring and the special problems of Europe and Brexit are focused upon. …
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This paper uses cross-country firm-level data to explore the impact of U.S. monetary policy shocks on firms' sales, investment, and employment. We estimate a sizeable impact of U.S. monetary policy on the average foreign firm, while controlling for other macroeconomic and financial variables...
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service inputs. We argue that structural transformation and services deepening affect the transmission of monetary policy by …
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