The Open Economy Consequences of U.S. Monetary Policy.
A failure to identify movements in the federal funds rate that are both un- predictable and independent of other determinants of open economy variables may lead to attenuation bias in the estimated effects of U.S. monetary policy on the exchange rate and foreign variables. Using a U.S. monetary poli...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Elsevier
2011
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