Central Bank Balance Sheet Policies and Spillovers to Emerging Markets /
We develop a theoretical model that shows that in the near future, the monetary policies of some key central banks in advanced economies (AEs) will have two dimensions-changes in short-term policy rates and balance sheet adjustments. This will affect emerging market economies (EMs), especially those...
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Formato: | Revista |
Idioma: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
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Series: | IMF Working Papers; Working Paper ;
No. 2017/172 |
Acceso en liña: | Full text available on IMF |