Monetary policy ‘significantly’ affects the trade balance – paper
IMF paper finds monetary policy impacts trade via demand channels
Evidence presented in a working paper published by the International Monetary Fund supports the notion that monetary policy impacts trade via various demand channels.
Authors Gustavo Adler and Carolina Buitron investigate the impact of conventional and unconventional monetary policy on trade using US data. They conclude that monetary policy “significantly” affects the trade balance, resulting in trade spillovers to the rest of the world.
“A first, simple, exploration of possible differences
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