The Federal Reserve, Emerging Markets, and Capital Controls: A High Frequency Empirical Investigation
NBER Working Paper No. 18557
---- Acknowledgements ----
This is a revised version of a paper presented at the conference on monetary policy that celebrated the 20th Anniversary of the Studienzentrum Gerzensee, October, 2011. I am grateful to Juan Marcos Wlasiuk for excellent assistance, to José De Gregorio and Vittorio Corbo for discussions on the policies of the Banco Central de Chile during their tenure as governors, and, especially, to my discussant Frank Shorfheide for excellent comments and suggestions. I also thank the participants at the conference for helpful comments. I thank two anonymous reviewers for very helpful and detailed comments and suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.