We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy … spillbacks account for up to half of the overall slowdown in domestic real activity in response to a contractionary US monetary … policy shock. Moreover, spillbacks materialise as stock market wealth effects impinge on US consumption, and as Tobin's q …

We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy … spillbacks account for up to half of the overall slowdown in domestic real activity in response to a contractionary US monetary … policy shock. Moreover, spillbacks materialise as stock market wealth effects impinge on US consumption, and as Tobin's q …

We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy … 2019. We find that spillbacks account for a non-trivial share of the overall slowdown in domestic real activity in response … to a contractionary US monetary policy shock. Our analysis suggests that spillbacks materialise as Tobin's q/cash flow …

We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy … 2019. We find that spillbacks account for a non-trivial share of the overall slowdown in domestic real activity in response … to a contractionary US monetary policy shock. Our analysis suggests that spillbacks materialise as Tobin’s q/cash flow …