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Macroeconomic Interdependence and the International Role of the Dollar

Goldberg, Linda S. - 2008

The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...

Persistent link: https://www.econbiz.de/10012725210

Banking Globalization, Transmission, and Monetary Policy Autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10013075025

Global Trends in Interest Rates

Del Negro, Marco - 2018

The trend in the world real interest rate for safe and liquid assets fluctuated close to 2 percent for more than a …

Persistent link: https://www.econbiz.de/10012911234

Measuring Global Financial Market Stresses

Groen, Jan J.; Nattinger, Michael; Noble, Adam I - 2021

We propose measures of ﬁnancial market stress for forty-six countries and regions across the world. Our measures … wake of the COVID-19 pandemic. However, hardly anywhere in the world did these March peaks in ﬁnancial stresses reach those … for the near-term economic outlook across most parts of the world, with the exception of China. A structural Bayesian VAR …

Persistent link: https://www.econbiz.de/10013242752

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

Faruqee, Hamid - 2006

shift to protectionist policies through the lens of a dynamic general equilibrium model of the world economy that … quot;globalization backlashquot; lowers the degree of competition in import-competing sectors, and compare the implications …

Persistent link: https://www.econbiz.de/10012732497

Micro, Macro and Strategic Forces in International Trade Invoicing

Goldberg, Linda S. - 2009

The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of its industry, such as market share and the...

Persistent link: https://www.econbiz.de/10013154338

One Reason Countries Pay Their Debts : Renegotiation and International Trade

Rose, Andrew Kenan - 2007

This paper estimates the effect of sovereign debt renegotiation on international trade. Sovereign default may be associated with a subsequent decline in international trade either because creditors want to deter default by debtors, or because trade finance dries up after default. To estimate the...

Persistent link: https://www.econbiz.de/10012731602

Stabilizing Expectations under Monetary and Fiscal Policy Coordination

Eusepi, Stefano; Preston, Bruce J. - 2008

This paper analyzes how the formation of expectations constrains monetary and fiscal policy design. Economic agents have imperfect knowledge about the economic environment and the policy regime in place. Households and firms learn about the policy regime using historical data. Regime uncertainty...

Persistent link: https://www.econbiz.de/10014214924

The Internationalization of the Dollar and Trade Balance Adjustment

Goldberg, Linda S. - 2006

become cheaper in the rest of the world. Real U.S. imports are affected less because U.S. prices are more insulated from …

Persistent link: https://www.econbiz.de/10012732862

Globalization and Inflation Dynamics : The Impact of Increased Competition

Sbordone, Argia M. - 2008

This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...

Persistent link: https://www.econbiz.de/10014218532