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Global Spillovers from FED Hikes and a Strong Dollar: The Risk Channel / José Cristi, Ṣebnem Kalemli-Özcan, Mariana Sans, Filiz D. Unsal.
- Format:
- Book
- Author/Creator:
- Cristi, José.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w32330.
- NBER working paper series no. w32330
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- We study the international transmission of U.S. monetary policy (FED hikes) and a strong U.S. dollar. Both of these variables are endogenous and thus we follow the recent developments in the literature to measure the exogenous components of each from the perspective of the rest of the world (ROW). We show that while U.S. monetary policy shocks act as financial shocks increasing risk premia in emerging markets, a shock to U.S. dollar does not generate the same effect.
- Notes:
- Print version record
- April 2024.
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