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Published in 2019 at "Journal of the European Economic Association"
DOI: 10.1093/jeea/jvy053
Abstract: This paper evaluates the international spillover effects of large-scale asset purchases (LSAPs) using an estimated two-country dynamic stochastic general-equilibrium model with nominal and real rigidities and portfolio balance effects. Portfolio balance effects arise from imperfect…
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Keywords:
portfolio balance;
asset purchases;
asset;
large scale ... See more keywords