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Determinants of global spillovers from US monetary policy

Listed author(s):
  • Georgiadis, Georgios

This paper assesses the global spillovers from identified US monetary policy shocks in a global VAR model. US monetary policy generates sizable output spillovers to the rest of the world, which are larger than the domestic effects in the US for many economies. The magnitude of spillovers depends on the receiving country JEL Classification: F4, E5, C3

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Paper provided by European Central Bank in its series Working Paper Series with number 1854.

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Date of creation: Sep 2015
Handle: RePEc:ecb:ecbwps:20151854
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