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This paper presents a multi-country New Keynesian model that estimates the effects of supply, demand, and monetary policy shocks across 33 countries from 1980 to 2006. It incorporates a Phillips curve, IS curve, Taylor Rule, and real effective exchange rate equations, allowing for both direct and indirect international transmission of shocks. The findings emphasize the importance of inter-country linkages and provide insights into the impact of US monetary policy on global economies.
- Author
- Syed Saqlain
- Language
- EN