Colombian study estimates policy impact on capital flows

Central Bank of Colombia, Bogota
Central Bank of Colombia, Bogota

Central banks tend to be able to influence capital flows through their monetary policy decisions, according to a meta-analysis published by the Central Bank of Colombia.

Mauricio Villamizar-Villegas and co-authors used web scraping to collect studies from central bank websites and major research repositories. They ended up with 50 papers on capital flows, with a total of 330 different empirical findings.

The authors analyse the findings to generate a “mean effect size” of monetary policy moves

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