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Financial globalisation, monetary policy spillovers and macro-modelling : tales from 1001 shocks

Georgiadis, Georgios; Jančoková, Martina - 2017

imply implausibly similar estimates of the global output spillovers from monetary policy in the US and the euro area. None …

Persistent link: https://www.econbiz.de/10011664579

Global risk and the dollar

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2021

How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the international adjustment mechanism. First, we rely on high-frequency surprises in the price of gold to identify the effects of global risk shocks in a Bayesian Proxy VAR model. They...

Persistent link: https://www.econbiz.de/10012705529

Dominant-currency pricing and the global output spillovers from US dollar appreciation

Georgiadis, Georgios; Schumann, Ben - 2019

Different export-pricing currency paradigms have different implications for a host of issues that are critical for policymakers such as business cycle co-movement, optimal monetary policy, optimum currency areas and international monetary policy co-ordination. Unfortunately, the literature has...

Persistent link: https://www.econbiz.de/10012058993

Introducing dominant currency pricing in the ECB's global macroeconomic model

Georgiadis, Georgios; Mösle, Saskia - 2019

usefulness of ECB-Global and DCP for policy analysis, we explore the implications of the euro rivaling the US dollar as a second …, while those from euro area shocks are amplified; domestic euro area monetary policy effectiveness is hardly affected by the … euro becoming a second globally dominant currency in trade. …

Persistent link: https://www.econbiz.de/10012107938