This chapter analyses the empirical literature on the effectiveness of unconventional
monetary policies (UMP) in responding to financial crises and boosting economic activity. It …

This research note examines whether the exposure of local labor markets to increased
import competition from China effected voting in the US presidential election in 2016. It …

Purpose This paper presents an integrated overview of the empirical literature on the impact
of all forms of unconventional monetary policy on macroeconomic variables and on markets …

This paper analyzes how US monetary policy affects the pricing of dollar‐denominated
sovereign debt. We document that yields on dollar‐denominated sovereign bonds are highly …

This paper evaluates the popular view that quantitative easing exerts greater international
spillovers than conventional monetary policies. We employ a novel approach to compare the …

In a time-varying framework, our study investigates the role of exchange rate regimes in
explaining monetary policy spillover across a set of AEs and EMEs. We also investigate the …

We investigate unconventional monetary policy in a small open economy using shadow
interest rates to capture policy at the zero lower bound (ZLB) in a Bayesian structural vector …

Global current account imbalances have reappeared, although the extent and distribution of
these imbalances are noticeably different from those experienced in the middle of the last …

Global current account imbalances have reappeared, although the extent and distribution of
these imbalances are noticeably different from those experienced in the middle of the last …

The years immediately following the global financial crisis (GFC) were marked by a
heightened interest in the international spillovers of monetary policy, and in particular the …