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dc.contributor.authorGibson, David Matthew
dc.date.accessioned2014-03-04T18:55:57Z
dc.date.available2014-03-04T18:55:57Z
dc.date.issued2010-08
dc.identifier.othergibson_david_m_201008_ma
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/gibson_david_m_201008_ma
dc.identifier.urihttp://hdl.handle.net/10724/26632
dc.description.abstractThis paper analyzes the international transmission of monetary shocks with a special focus on the effects of foreign money (“global liquidity”) on open economies. Structural VAR models are estimated for the countries Australia and New Zealand and the variance decompositions and impulse responses are found. The impulse responses obtained show that a positive shock to global liquidity results in a decrease in output and price level for both countries over a three-year horizon. Similar reductions in the money supply were also discovered. Moreover, this analysis discovered that economies of different sizes do, in fact, respond differently to innovations in global liquidity.
dc.languageeng
dc.publisheruga
dc.rightspublic
dc.subjectStructural VAR
dc.subjectMonetary Policy
dc.subjectGlobal Liquidity
dc.subjectImpulse Response
dc.subjectVariance Decomposition
dc.titleDoes size matter?
dc.title.alternativecomparing global liquidity spillovers in open economies
dc.typeThesis
dc.description.degreeMA
dc.description.departmentEconomics
dc.description.majorEconomics
dc.description.advisorWilliam D. Lastrapes
dc.description.committeeWilliam D. Lastrapes
dc.description.committeeJonathan Williams
dc.description.committeeSantanu Chatterjee


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