Ca'Zorzi, Michele; Dedola, Luca; Georgiadis, Georgios; … - 2020
This paper estimates and compares the international transmission of European Central Bank (ECB) and Federal Reserve … hierarchy in the global spillovers from ECB and Federal Reserve monetary policy: while the spillovers to consumer prices are … and real activity. Federal Reserve monetary policy also has a significantly larger impact than ECB monetary policy on real …