513
Views
1
CrossRef citations to date
0
Altmetric
Articles

US money supply and global business cycles: 1979–2009

&

References

  • Bailey, W. (1989) The effect of U.S. money supply announcements on canadian stock, bond, and currency prices, Canadian Journal of Economics, 22, 607–18.
  • Bailey, W. (1990) U.S. money supply announcements and Pacific rim stock markets: evidence and implications, Journal of International Money and Finance, 9, 344–56. doi:10.1016/0261-5606(90)90015-R
  • Brunnermeier, M. K. and Sannikov, Y. (2014) A macroeconomic model with a financial sector, The American Economic Review, 104, 379–421. doi:10.1257/aer.104.2.379
  • Chen, H., Cúrdia, V. and Ferrero, A. (2012) The macroeconomic effects of large-scale asset purchase programmes, The Economic Journal, 122, F289–F315. doi:10.1111/ecoj.2012.122.issue-564
  • Dees, S., Di Mauro, F., Pesaran, M. H. et al. (2007a) Exploring the international linkages of the euro area: a global VAR analysis, Journal of Applied Econometrics, 22, 1–38. doi:10.1002/(ISSN)1099-1255
  • Dees, S., Holly, S., Pesaran, H. M. et al. (2007b) Long run macroeconomic relations in the global economy, Economics The Open-Access, Open-Assessment E-Journal, 1, 1–20.
  • Dees, S., Pesaran, M. H., Smith, L. V. et al. (2010) Supply, demand and monetary policy shocks in a multi-country New Keynesian model, European Central Bank Working Paper Series, No. 1239, European Central Bank, Frankfurt am Main.
  • Farrell, M. (1980) International impact of U.S. money supply: the case of Mexico, The American Economic Review, 70, 433–43.
  • Fratzscher, M., Duca, M. L. and Straub, R. (2013) On the international spillovers of US quantitative easing, European Central Bank Working Paper Series, No. 1557, European Central Bank, Frankfurt am Main.
  • Funke, M., Paetz, M. and Pytlarczyk, E. (2011) Stock market wealth effects in an estimated dsge model for Hong Kong, Economic Modelling, 28, 316–34. doi:10.1016/j.econmod.2010.08.016
  • Galati, G. and Wooldridge, P. (2009) The euro as a reserve currency: a challenge to the pre-eminence of the U.S. dollar?, International Journal of Finance & Economics, 14, 1–23. doi:10.1002/ijfe.v14:1
  • Gertler, M. and Karadi, P. (2011) A model of unconventional monetary policy, Journal of Monetary Economics, 58, 17–34. doi:10.1016/j.jmoneco.2010.10.004
  • Goldberg, L. S. (2010) Is the international role of the dollar changing?, Current Issues in Economics and Finance, 16, 1–7.
  • Harbo, I., Johansen, S., Nielsen, B. et al. (1998) Asymptotic inference on cointegrating rank in partial systems, Journal of Business and Economic Statistics, 16, 388–99.
  • Hudson, M. (2010) U.S. “quantitative easing” is fracturing the global economy, Levy Economics Institute of Bard College Working Paper, No. 639, Levy Economics Institute, New York.
  • Johansen, S. (1992) Cointegration in partial systems and the efficiency of single-equation analysis, Journal of Econometrics, 52, 389–402. doi:10.1016/0304-4076(92)90019-N
  • Koop, G., Pesaran, M. H. and Potter, S. M. (1996) Impulse response analysis in nonlinear multivariate models, Journal of Econometrics, 74, 119–47. doi:10.1016/0304-4076(95)01753-4
  • Krugman, P. R. (1984) The international role of the dollar: theory and prospect, in Exchange Rates Theory and Practice, Bilson, J. F. O. and Marston, R. C. (Eds), University of Chicago Press, Chicago, pp. 261–78.
  • Liu, K. (2014) Dollar hegemony and China’s economy, Cambridge Economics Working Papers, No. 1410, Faculty of Economics, University of Cambridge, Cambridge.
  • Neely, C. J. (2010) The large-scale asset purchases had large international effects, Federal Reserve Bank of St. Louis Working Paper, No. 2010-018C, Federal Reserve Bank of St. Louis, St. Louis, MO.
  • Pesaran, H. H. and Shin, Y. (1998) Generalized impulse response analysis in linear multivariate models, Economics Letters, 58, 17–29. doi:10.1016/S0165-1765(97)00214-0
  • Pesaran, M. H., Schuermann, T. and Smith, L. V. (2009a) Forecasting economic and financial variables with global VARs, International Journal of Forecasting, 25, 642–75. doi:10.1016/j.ijforecast.2009.08.007
  • Pesaran, M. H., Schuermann, T. and Smith, L. V. (2009b) Rejoinder to comments on forecasting economic and financial variables with global VARs, International Journal of Forecasting, 25, 703–15. doi:10.1016/j.ijforecast.2009.09.001
  • Pesaran, M. H., Schuermann, T. and Weiner, S. (2004) Modeling regional interdependencies using a global error-correction macroeonometric model, Journal of Business and Economics Statistics, 22, 129–62. doi:10.1198/073500104000000019
  • Rafiq, S. (2015) The effects of U.S. unconventional monetary policy on Asia frontier developing economies, IMF Working Paper, No. WP/15/18, IMF, Washington, DC.
  • Recknagel, C. (2010) What will Increase in U.S. Money Supply Mean for Rest of the World?. Available at http://www.rferl.org (accessed 5 November).
  • Schulmeister, S. (2000) Globalization without global money: the double role of the dollar as national currency and world currency, Journal of Post Keynesian Economics, 22, 365–95.
  • Sims, C. A. (1980) Macroeconomics and reality, Econometrica, 48, 1–48.
  • Smith, L. V. and Galesi, A. (2010) GVAR Toolbox 1.0. Available at www-cfap.jbs.cam.ac.uk/research/gvartoolbox/index.html (accessed 22 May 2015).
  • Xu, T. (2012) The role of credit in international business cycles, Cambridge Working Papers in Economics, No. 1202, Faculty of Economics, University of Cambridge, Cambridge.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.