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The International Transmission of Monetary Policy in a Dollar Pricing Model

โœ Scribed by Juha Tervala


Book ID
106488485
Publisher
Springer US
Year
2008
Tongue
English
Weight
457 KB
Volume
21
Category
Article
ISSN
0923-7992

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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