Trilemma, dilemma or 2.5-lemma in the transmission of monetary policy : evidence from a Markov-switching panel data model

• المؤلفون الرئيسيون: Alba, Joseph Dennis, Wang, Peiming
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2021
• الموضوعات: Social sciences::Economic development; Panel Markov Switching; Exchange Rate Regimes; Capital Control; Trilemma
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/148295; https://doi.org/10.21979/N9/HN5JKE

We examine the spill-over effects of interest rate transmission of United States monetary policy to peripheral countries with various exchange rate regimes and capital control management policies. To do so, we propose a two-state continuous-time hidden Markov-switching panel data model using an e...