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  1. Alon, Titan, and Eric Swanson (2011). “Operation Twist and the Effect of Large-Scale Asset Purchases,” FRBSF Economic Letter 2011-13. San Francisco: Federal Reserve Bank of San Francisco, April 25, www.frbsf.org/economicresearch /publications/economic-letter/2011/april/operation-twist-effect-largescale -asset-purchases.
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  2. Bowman, David, Juan M. Londono, and Horacio Sapriza (2015), “U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies, Journal of International Money and Finance, vol. 55 (July), pp. 27-59.

  3. Brainard, Lael (2015a). Unconventional Monetary Policy and Cross-Border Spillovers, speech delivered at Unconventional Monetary and Exchange Rate Policies, the 16th International Monetary Fund Jacques Polak Research Conference, sponsored by the International Monetary Fund, Washington, November 6, https://www.federalreserve.gov/newsevents/speech/brainard20151106a.htm.
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  4. Brainard, Lael (2015b), “Normalizing Monetary Policy When the Neutral Interest Rate is Low,” speech delivered at the Stanford Institute for Economic Policy Research, Stanford, Calif., December 1, https://www.federalreserve.gov/newsevents/speech/brainard20151201a.htm.
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  5. Ferrari, Massimo, Jonathan Kearns, and Andreas Schrimpf (2016). “Monetary Shocks at High-Frequency and Their Changing FX Transmission around the Globe,” August.
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  6. Glick, Reuven, and Sylvain Leduc, (2015). “Unconventional Monetary Policy and the Dollar: Conventional Signs, Unconventional Magnitudes,” Federal Reserve Bank of San Francisco Working Paper Series 2015-18, November, www.frbsf.org/economic-research/files/wp2015-18.pdf.
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  7. Hofmann, Boris, Ilhyock Shim, and Hyun Song Shin (2016). “Risk-Taking Channel of Currency Appreciation,” BIS Working Paper No. 538. Basel, Switzerland: Bank for International Settlements, January (revised May 2017), www.bis.org/publ/work538.pdf.

  8. Rey, Hélène (2014). International Channels of Transmission of Monetary Policy and the Mundellian Trilemma,” paper presented at the 15th Jacques Polak Annual Research Conference, sponsored by the International Monetary Fund, Washington, November 13-14, https://www.imf.org/external/np/res/seminars/2014/arc/pdf/Rey.pdf. - 21 -Ross, Myron H. (1966), “ ‘Operation Twist’: A Mistaken Policy?” Journal of Political Economy, vol. 74 (April), pp. 195-99.
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  9. Stavrakeva, Vania, and Jenny Tang (2016). “Exchange Rates and the Yield Curve,” Research Department Working Papers 16-21. Boston: Federal Reserve Bank of Boston, April, https://www.bostonfed.org/publications/research-departmentworking -paper/2016/exchange-rates-and-the-yield-curve.aspx.

  10. Swanson, Eric T. (2017). “Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets,” NBER Working Paper 23311. Washington: National Bureau of Economic Research, April (revised June).

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