Arimurti, Trinil; Morley, Bruce - In: Journal of risk and financial management : JRFM 13 (2020) 7/139, pp. 1-16
The aim of this study is to determine if capital flows can account for the international effects on domestic monetary policy, using an augmented Taylor rule model. In addition to the standard determinants of nominal interest rates, we include capital flow measures to show how central banks...
