IMF research uncovers ‘puzzling’ effect of QE on the current account

imf
Bruno Sanchez-Andrade Nuño

Research published by the International Monetary Fund has uncovered “somewhat puzzling” findings when investigating the impact of unconventional policies on a country’s current account balance.

In their paper, Direct and spillover effects of unconventional monetary and exchange rate policies, the authors develop a macro-economic model to quantify the effects of unconventional monetary policy both at home and abroad.

Authors Christian Saborowski, Horacio Sapriza, Joseph Gagnon, Juan Londono and

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