A comparative assessment of the spillovers of US monetary policy shocks and its mitigation

2020 ◽  
Vol 197 ◽  
pp. 109623
Author(s):  
Abhishek Rohit ◽  
Pradyumna Dash ◽  
D. Tripati Rao
2021 ◽  
pp. 1-10
Author(s):  
Toyoichiro Shirota

Abstract This study empirically examines whether shock size matters for the US monetary policy effects. Using a nonlinear local projection method, I find that large monetary policy shocks are less powerful than smaller monetary policy shocks, with the information effect being the potential source of the observed asymmetry in monetary policy efficacy.


2020 ◽  
Vol 20 (2) ◽  
pp. 15-26
Author(s):  
Hock-Ann Lee ◽  
Mei-Syuen Phang ◽  
Siti Alwi ◽  
Huay-Huay Lee

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