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I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through its effect on global investors' risk perceptions. Capital flows in and out...
Persistent link: https://www.econbiz.de/10012862411
I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through its effect on global investors' risk perceptions. Capital flows in and out...
Persistent link: https://www.econbiz.de/10012480242
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The world economy is currently expanding strongly with upward momentum in almost every major economy. Global activity …. Inflation is projected to accelerate only gradually – modest levels of core inflation are largely due to structural factors and …
Persistent link: https://www.econbiz.de/10012060682