One Shock, Many Policy Responses

One Shock, Many Policy Responses
Policymakers have relied on a wide range of policy tools to cope with capital flow shocks. And yet, the effects and interaction of these policies remain under debate, as does the motivation for using them. In this paper, quantile local projections are used to estimate the entire distribution of future policy responses to portfolio flow shocks... READ MORE...

Publication date: January 2020
ISBN 9781513521503
$18.00

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