{"id":"https://openalex.org/W629409678","doi":null,"title":"Global Effects of U.S. Monetary Policy: Is Unconventional Policy Different?","display_name":"Global Effects of U.S. Monetary Policy: Is Unconventional Policy Different?","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W629409678","mag":"629409678"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:fip:fedker:00010","doi":null,"is_oa":false,"landing_page_url":"https://www.kansascityfed.org/documents/1622/2014-Global%20Effects%20of%20U.S.%20Monetary%20Policy:%20Is%20Unconventional%20Policy%20Different%3F.pdf","pdf_url":"https://www.kansascityfed.org/documents/1622/2014-Global%20Effects%20of%20U.S.%20Monetary%20Policy:%20Is%20Unconventional%20Policy%20Different%3F.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5104040584","display_name":"Travis J. Berge","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Travis J. Berge","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5056804335","display_name":"Guangye Cao","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Guangye Cao","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.8725,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.89104383,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"65","last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9872999787330627,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9872999787330627,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0052999998442828655,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0034000000450760126,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/unconventional-monetary-policy","display_name":"unconventional monetary policy","score":0.8489999771118164},{"id":"https://openalex.org/keywords/zero-lower-bound","display_name":"zero lower bound","score":0.9760000109672546},{"id":"https://openalex.org/keywords/us-monetary-policy","display_name":"US monetary policy","score":0.8069999814033508},{"id":"https://openalex.org/keywords/asset-prices","display_name":"asset prices","score":0.8130000233650208},{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.7680000066757202},{"id":"https://openalex.org/keywords/federal-funds-rate","display_name":"federal funds rate","score":0.890999972820282},{"id":"https://openalex.org/keywords/policy-announcements","display_name":"policy announcements","score":0.6290000081062317},{"id":"https://openalex.org/keywords/spillover-effects","display_name":"spillover effects","score":0.5699999928474426}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7312270998954773},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6461393237113953},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5718637108802795},{"id":"https://openalex.org/C29185160","wikidata":"https://www.wikidata.org/wiki/Q874727","display_name":"Quantitative easing","level":4,"score":0.5674726963043213},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.552384078502655},{"id":"https://openalex.org/C144929662","wikidata":"https://www.wikidata.org/wiki/Q750178","display_name":"Basis point","level":3,"score":0.5245476365089417},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.5010473728179932},{"id":"https://openalex.org/C2780889827","wikidata":"https://www.wikidata.org/wiki/Q10756188","display_name":"Treasury","level":2,"score":0.48821452260017395},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4469642639160156},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4432120621204376},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.42131510376930237},{"id":"https://openalex.org/C2778333325","wikidata":"https://www.wikidata.org/wiki/Q2012704","display_name":"Federal funds","level":3,"score":0.4166930317878723},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.39557281136512756},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.23127242922782898},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.10711884498596191},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:fip:fedker:00010","doi":null,"is_oa":false,"landing_page_url":"https://www.kansascityfed.org/documents/1622/2014-Global%20Effects%20of%20U.S.%20Monetary%20Policy:%20Is%20Unconventional%20Policy%20Different%3F.pdf","pdf_url":"https://www.kansascityfed.org/documents/1622/2014-Global%20Effects%20of%20U.S.%20Monetary%20Policy:%20Is%20Unconventional%20Policy%20Different%3F.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:629409678","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:fip:fedker:00010","pdf_url":null,"source":{"id":"https://openalex.org/S134988049","display_name":"Econometric Reviews","issn_l":"0747-4938","issn":["0747-4938","1532-4168"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","dongbi-c","erih-plus","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Econometric Reviews","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W94588788","https://openalex.org/W1482487609","https://openalex.org/W1529247422","https://openalex.org/W1577018397","https://openalex.org/W1784671225","https://openalex.org/W2086187220","https://openalex.org/W2114597179","https://openalex.org/W2137873244","https://openalex.org/W2148084920","https://openalex.org/W2152110580","https://openalex.org/W2165100677","https://openalex.org/W2206218632","https://openalex.org/W3122878855","https://openalex.org/W3124466994","https://openalex.org/W3124731465","https://openalex.org/W3124933125","https://openalex.org/W3125131813","https://openalex.org/W3125226742","https://openalex.org/W3125658325"],"related_works":["https://openalex.org/W2263891999","https://openalex.org/W142927929","https://openalex.org/W2165380057","https://openalex.org/W3106634914","https://openalex.org/W2611657771","https://openalex.org/W2186996797","https://openalex.org/W3122021074","https://openalex.org/W3125447267","https://openalex.org/W3124857350","https://openalex.org/W2117454333"],"abstract_inverted_index":{"U.S.":[0,86],"monetary":[1,37,59,87,133],"policy":[2,38,88,134,157],"can":[3],"affect":[4],"asset":[5,74,97,114,126,149],"prices":[6,75,115,127,150],"both":[7,99],"in":[8,39,85,93,100,110],"the":[9,15,33,40,52,71,101,111,117,129,142],"United":[10,41,102,130],"States":[11,103,131],"and":[12,80,104],"outside":[13],"of":[14,73,96,107,113,125],"country":[16],"as":[17],"investors":[18],"arbitrage":[19],"away":[20],"price":[21],"differentials":[22],"between":[23],"assets":[24],"with":[25,91],"similar":[26],"risk/reward":[27],"characteristics.":[28],"Since":[29],"late":[30],"2008,":[31],"however,":[32],"conventional":[34],"tool":[35],"for":[36],"States?the":[42],"federal":[43],"funds":[44],"rate?has":[45],"been":[46],"near":[47],"zero.":[48],"As":[49],"a":[50,94,108],"result,":[51],"Federal":[53],"Reserve":[54],"has":[55],"turned":[56],"to":[57,61,76,132,138,153,156],"unconventional":[58,66],"policies":[60,67],"provide":[62],"additional":[63],"accommodation.":[64],"These":[65],"may":[68],"have":[69],"altered":[70],"response":[72],"Fed":[77],"policy.":[78],"Berge":[79],"Cao":[81],"show":[82],"that":[83],"changes":[84],"are":[89],"associated":[90],"movements":[92],"variety":[95],"prices,":[98],"abroad.":[105],"Evidence":[106],"change":[109],"behavior":[112],"at":[116,141],"zero":[118,143],"lower":[119,144],"bound":[120],"is":[121],"mixed.":[122],"The":[123],"responses":[124],"within":[128],"do":[135,151],"not":[136],"appear":[137,152],"be":[139],"different":[140],"bound.":[145],"However,":[146],"some":[147],"international":[148],"react":[154],"differently":[155],"announcements":[158],"after":[159],"2007.":[160]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}