I too have gone through the Premiere Elements 13 keyboard shortcut and cannot find what you seek for the command Applied Effect and a corresponding keyboard shortcut.
Until proven other, I do not believe what you seek is possible in Premiere Elements with the Project Assets/Edit area monitor/Applied Effect Tab/Applied Effects Palette.
However, there is a possibility for command = Project Assets and a keyboard shortcut to be assigned. Would that work for you? If so, please see Edit Menu/Keyboard Customization/Application/Window and its Project Assets command awaiting a keyboard shortcut.
Have you considered...
a. dual monitor system
b. shrinking Project Assets
Please review and consider and then we can discuss this further if you want.
A second physical monitor is not an option for me right now - I don't have a dual-head display card. I upgraded from my 19" monitor to a 32" monitor just to be able to see the tiny timeline graphics better in Premiere Elements (I was using v.10), so I don't have room for another monitor!
In the image I included earlier, Project Assets is "shrunk" as far left as possible. Even if I shrink it vertically, it will still overlap the program monitor.
Sounds like I'm out of luck, until I can afford Premiere Pro. Thanks.
Thanks for the reply.
What about the keyboard shortcut for Project Assets and only using it when you needed it? This would be a replacement idea for the command Applied Effects and a keyboard shortcut for it.
Best wishes whatever you video editing decision.
I thought about that again after our earlier conversation. I have that set up, and I'll be trying that today. Thanks again for the help!