Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

153 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Sovereign Yields and the Risk-Taking Channel of Currency Appreciation (2016, unknown): “In contrast, Blanchard et al. (2015) acknowledge that the empirical evidence points to the contrary, and modify the Mundell-Fleming model by introducing two classes of assets.”
Effects of US quantitative easing on emerging market economies (2015, background): “The vertical lines mark dates of the major events: [1] September 2008 when the Lehman Brothers filed for bankruptcy; [2]-[3] November 2008 and March 2009 which are QE1 dates; [4] November 2010 which is a QE2 date; [5] September 2011 which is an MEP date; [6]-[7] September 2012 and December 2012 whic”
Capital flows and the international credit channel (2017, background): “This line of inquiry is motivated by the recent findings of Blanchard et al. (2015), who show that non-bond financing has expansionary effects in countries with financial frictions.”
International Credit Supply Shocks (2017, unknown): “See, for example, Blanchard et al. (2015) on the Mundell-Fleming model and Chari et al.”