Global Spillovers from FED Hikes and a Strong Dollar : The Risk Channel

José Cristi, Ṣebnem Kalemli-Özcan, Mariana Sans, Filiz D. Unsal

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

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Year of publication:	April 2024
Authors:	Cristi, José ; Kalemli-Ozcan, Sebnem ; Sans, Mariana ; Unsal, Filiz D.
Institutions:	National Bureau of Economic Research (issuing body)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Federal Reserve System \| Geldpolitik \| Monetary policy \| Geldpolitische Transmission \| Monetary transmission \| Wechselkurs \| Exchange rate \| US-Dollar \| US dollar \| USA \| United States \| Welt \| World

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Extent:	1 Online-Ressource illustrations (black and white)
Series:	NBER working paper series ; no. w32330
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Hardcopy version available to institutional subscribers
Other identifiers:	10.3386/w32330 [DOI]
Classification:	F30 - International Finance. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014528370