Determinants of global spillovers from US monetary policy
No 1854, Working Paper Series from European Central Bank
This paper assesses the global spillovers from identified US monetary policy shocks in a global VAR model. US monetary policy generates sizable output spillovers to the rest of the world, which are larger than the domestic effects in the US for many economies. The magnitude of spillovers depends on the receiving country JEL Classification: F4, E5, C3
Keywords: Mixed cross-section global VAR; Spillovers; US monetary policy (search for similar items in EconPapers)
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Journal Article: Determinants of global spillovers from US monetary policy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20151854
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