We use nonlinear empirical methods to uncover non-linearities in the propagation of monetary policy shocks. We find that the transmission on output, goods prices and asset prices is stronger in a low growth regime, contrary to the findings of Tenreyro and Thwaites (2016). The impact is stronger...

A dragon on steroids -- "Don't worry, be happy" -- Genesis of a new system -- Let there be savings! -- Power begets power -- In a Confucian America -- The dragon's fey friend -- A few good Confucians -- Globalism or democracy?