Economics, Econometrics and Finance
4 years ago

The Global Financial Cycle Impacts US Monetary Policy Worldwide

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SSRN Electronic Journal
The Global Financial Cycle and Us Monetary Policy in An Interconnected World
Stéphane Dées, Alessandro Galesi

Paper Summary

The article explores how the global financial cycle impacts US monetary policy in today's interconnected world. The researchers found that changes in the global financial cycle can influence the effectiveness of US monetary policy. This means that what happens in the global financial system can affect how well US monetary policy works.

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