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This document discusses using dollarized countries to analyze the effects of US monetary policy shocks. It notes that identifying monetary policy shocks is difficult using standard structural VAR methods. The paper proposes exploiting dollarized countries that import US monetary policy but are not perfectly integrated with the US economy. This reduces the effects of any mistakenly included non-monetary US shocks, while still capturing the effects of true monetary policy shocks. The document reviews debates

Author

Thach Bunroeun

Language

EN