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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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problems, but also on the world economy and expectations. For this reason, the reliance on capital inflows to appreciate the … peso is unsustainable. Given the meager growth of the world economy and trade, globalization is being questioned and …
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