Financial Crisis, US Unconventional Monetary Policy and International Spillovers /

We study the impact of the US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error-correction model (GVECM) and conducting counterfactual analyses. We focus on the effects of reductions in the US term and corporate spreads. First, US QE measures redu...

Cijeli opis

Bibliografski detalji
Glavni autor: Chen, Qianying
Daljnji autori: Filardo, Andrew, He, Dong, Zhu, Feng
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2015.
Serija:IMF Working Papers; Working Paper ; No. 2015/085
Online pristup:Full text available on IMF

Similar Items