US foreign investment flows 'significantly' impacted by surprising monetary policy
Surprise monetary policy actions have a statistically and economically significant impact on both gross and net foreign investment income flows in both the US and Canada, according to a Swiss National Bank working paper.
Income evidence from a large Bayesian VAR, by Simone Auer, assesses the transmission of monetary policy in a large Bayesian vector auto-regression based on an approach proposed by Banbura, Giannone and Reichlin in 2010.
"Against the background of growing foreign wealth and
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