Engler, Philipp; Piazza, Roberto; Sher, Galen - 2023
independently of the U.S. monetary policy reaction. Finally, we expand on evidence that financial conditions in the U.S. and … emerging markets respond differently to U.S. monetary policy surprises, depending on the reaction of US stock prices …When the U.S. economy sneezes, do emerging markets catch a cold? We show that economic news, and not just monetary …