と題された論文をUDADISIが紹介している。論文の原題は「Analyzing the effects of US monetary policy shocks in dollarized countries」で、著者はオックスフォード大のTim Willems。 以下はその要旨。 Identifying monetary policy shocks is difficult. Therefore, instead of trying to do this perfectly, this paper exploits a natural setting that reduces the consequences of shock misidentification. It does so by basing conclusions upon the responses of variabl