This paper builds an open country theoretical model to analyse the spillover impact of the US monetary policy tightening shock on Chinas economy. GVAR empirical model is employed combined with 22 countries and obtain three main results. First, the US monetary tightening shock causes the rise of ...
Headlines | Wednesday, 7 June 2023 -Federal Reserve officials meet to discuss further changes to US monetary policy, including the possibility of another rate hike in June -The strength of the US dollar,explained -Save $100or more filling up on gas -Food shortagescould lead to increases...
We build a new empirical model, which admits time-varying variances of local structural shocks, to estimate the global impact of an increase in the volatility of US monetary policy shocks. By allowing for rich dynamic interaction between the endogenous variables and time-varying volatility in the ...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
which Fed Chair Jerome Powell has said is the criterion for cutting. In fact, I’m skeptical that the FOMC will cut just because inflation comes down. If tighter monetary policy succeeds in reducing inflation, I think the more natural path is to just leave the policy rate unchanged until so...
We identify and compare three channels through which the adjustment of US monetary policy spills over into China, including trade, exchange rate, and financial channels. A proxy vector autoregression model, with a high-frequency identification strategy, is applied to measure the causal effect of mone...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
The yield on thebenchmark10-year US Treasury is back at 4%, a level not seen since August, after a blowout jobs report on Friday forced traders to reassess the outlook for monetary policy. The report, showing the fastest job growth in six months, has forced bond traders to once again ...
the political stability and economic development they have long desired. Now as the US shifts to protectionist posture, trade development opportunities for Latin America have been further eroded, with some even facing multiple crises due to the US Federal Reserve's irresponsible monetary policy. ...