Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009
the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade … correlations found in the literature. - Monetary policy ; trade balance ; capital flows ; portfolio choice ; asset prices ; United … balance by 1% of GDP, and explaining about 20-25% of their time variation. Monetary policy easing causes positive returns to …