Browsing by Author "Shields, Kalvinder"
Now showing items 1-2 of 2
-
Asymmetries in the effects of monetary policy: the case of South Africa
Fielding, David; Shields, KalvinderPPP is unlikely to hold instantaneously for all commodities across the different regions of a monetary area. It is therefore possible that monetary expansions or contractions will have different effects in different regions, ... -
Regional asymmetries in the impact of monetary policy shocks on prices: Evidence from US cities
Fielding, David; Shields, KalvinderDeviations from the Law of One Price across US cities are smaller than corresponding international deviations, but nevertheless substantial. We find that a proportion of these deviations can be explained by asymmetric ...