Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows
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This paper explores the nature of macroeconomic spillovers from advanced economies to emerging market economies (EMEs) and the consequences for independent use of monetary policy in EMEs. We first empirically document the effects of US monetary policy shocks on a sample group of EMEs. A
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美国国家经济研究局创建时间:
2015-11-01



