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the fast rebound of aggregate demand exceeding the capacity to expand sup-
ply that has sped up price growth. As demand is high, this enables
decade and explain this pattern by the degree of convergence in monetary pol-
icy among advanced economies. Rey (2016) shows that US monetary policy transmits
1123–50.
Martinez-Miera, David and Rafael Repullo (Feb. 2019). Monetary Policy, Macroprudential Pol-
icy, and Financial Stability. url: https://www.cemfi.es/ftp/wp/1901.
contributed to additional
two periods. In the first half of 2019, fiscal pol- growth of revenues generated by government
icy made a negative contribution to
over one year declined, re- will be influenced by the easing monetary pol-
flecting a gradual improvement of market condi- icy and state support programmes,
participation in GVCs is limited to first stages of GVCs. Russia sup-
plies energy and raw materials for manufacturing processes: index of forwarding participation
is
evaluation assuming the Gaussian asset returns. Part 3 briefly refers to macroprudential pol-
icy tools. Those are used to compensate for the shortcomings of the
to To ensure monitoring of how residents com-
provide for the following: ply with their obligation to repatriate funds due
– recognition of a resident entity
69
19.03.2020
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met simultane-
details.
11. Do you have any suggestions on ap- ously:
plying the requirement for mandatory central a) Parties to a derivative should fall