Impulse response functions to shock in US shadow rates: Latin America. Note: The figure depicts the IRFs to a one-standard deviation positive shock in US shadow rates for a monthly dataset on EMEs from Latin America. The point-wise median responses are the percentage response of macroeconomic factors due to an unanticipated positive shock in the US shadow rate over time. Source: Compiled by the author.

 
 
  Part of: Sikhwal S (2022) Effects of US interest rate shocks in the emerging market economies: Evidence from panel structural VAR. Russian Journal of Economics 8(3): 234-254. https://doi.org/10.32609/j.ruje.8.89717