Global Transmission of FED Hikes: The Role of Policy Credibility and Balance Sheets
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Contrary to historical episodes, the 20222023 tightening of US monetary policy has not yet triggered financial crisis in emerging markets. Why is this time different? To answer this question, we analyze the current situation through the lens of historical evidence. In emerging markets, the financial
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美国国家经济研究局创建时间：
2024-04-01
