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The EU's Open Strategic Autonomy from a central banking perspective : challenges to the monetary policy landscape from a changing geopolitical environment

2023

Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world …

Persistent link: https://www.econbiz.de/10014248552

Does Financial Globalization Induce Better Macroeconomic Policies?

Tytell, Irina - 2011

Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the quot … find strong and robust causal evidence. There is some evidence that financial globalization may have induced countries to …

Persistent link: https://www.econbiz.de/10012757117

Frontier-market economies as a new group of the financial periphery : patterns and transmission channels of global shocks

Prates, Daniela Magalhães; Fritz, Barbara; Paula, Luiz … - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 282-298

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...

Persistent link: https://www.econbiz.de/10014433727

Policy Rules for Capital Controls

Pasricha, Gurnain Kaur - 2017

This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31...

Persistent link: https://www.econbiz.de/10012943804

Policy Rules for Capital Controls

Pasricha, Gurnain Kaur - 2017

This paper attempts to bring the tradition of estimating policy reaction functions from monetary policy literature to capital controls policy literature. Using a novel, weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 – 31 December 2015,...

Persistent link: https://www.econbiz.de/10012947417

Globalization and Monetary Policy : An Introduction

Martínez-García, Enrique - 2009

Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...

Persistent link: https://www.econbiz.de/10012720386

If the Fed sneezes, who catches a cold?

Dedola, Luca; Rivolta, Giulia; Stracca, Livio - 2017

This paper studies the international spillovers of US monetary policy shocks on a number of macroeconomic and financial variables in 36 advanced and emerging economies. In most countries, a surprise US monetary tightening leads to depreciation against the dollar; industrial production and real...