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Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates

Ferrari, Massimo - 2017

We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...

Persistent link: https://www.econbiz.de/10012958823

Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates : Supplementary Internet Appendix

Ferrari, Massimo - 2017

Persistent link: https://www.econbiz.de/10012958824

Explaining Monetary Spillovers : The Matrix Reloaded

Kearns, Jonathan - 2019

Using monetary policy shocks for seven advanced economy central banks, measured at high-frequency, we document the strength and characteristics of interest rate spillovers to 47 advanced and emerging market economies. Our main goal is to assess different channels through which spillovers occur...

Persistent link: https://www.econbiz.de/10012896702

International Monetary Policy Coordination : Past, Present and Future

Taylor, John B. - 2014

This paper examines two explanations for the recent spate of complaints about cross-border monetary policy spillovers and calls for international monetary policy coordination, a development that contrasts sharply with the monetary system in the 1980s, 1990s and until recently. The first...

Persistent link: https://www.econbiz.de/10013060227

Global Inflation Forecasts

Kearns, Jonathan - 2016

Inflation co-moves across countries and several papers have shown that lags of this common inflation can help to … forecast country inflation. This paper constructs forecasts of common (or 'global') inflation using survey forecasts of country … inflation. These forecasts of global inflation have predictive power for global inflation at a medium horizon (12 months) but …

Persistent link: https://www.econbiz.de/10012982775