Georgiadis, Georgios; Jarociński, Marek - 2023
We estimate spillovers from US monetary policy for different measures in the Federal Reserve's toolkit. We make use of … spillovers than conventional rate policy; (ii) spillovers transmit predominantly through financial channels centering on global … entail only rather limited term premium spillovers; (iv) both forward guidance and LSAPs entail trade-offs for emerging …