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International Transmission of U.S. Monetary Policy Shocks: Evidence from Stock Prices

โœ Scribed by JOHN AMMER; CLARA VEGA; JON WONGSWAN


Book ID
109147086
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
167 KB
Volume
42
Category
Article
ISSN
0022-2879

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โœ Caroline Schmidt ๐Ÿ“‚ Article ๐Ÿ“… 2006 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 174 KB ๐Ÿ‘ 1 views

How does an unexpected domestic monetary expansion affect the foreign economy? Does it induce an increase or a decline in foreign production? In the traditional two-country Mundell-Fleming model, monetary policy reveals 'beggarthy-neighbour' effects. Yet, empirical evidence from VARs indicates that