The impact of monetary policy on the exchange rate: puzzling evidence from three emerging economies by Emanuel Kohlscheen published by Banco Central do Brasil. “This study investigates the impact effect of monetary policy shocks on the exchange rates of…
Emanuel Kohlscheen makes a demand based theory of sub-national debt bailouts in the presence of federal revenue sharing. While revenue sharing has ambiguous effects on sub-national borrowing, it alters the demand for the provision of bailouts among politicians with…