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...
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Rannpháirtithe: | , , |
Formáid: | IRIS |
Teanga: | English |
Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2015.
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Sraith: | IMF Working Papers; Working Paper ;
No. 2015/085 |
Rochtain ar líne: | Full text available on IMF |