International economy
Learn about global economic growth and its effects on U.S. monetary policy
Economic data
International House Price Database, third quarter 2022 data
The International House Price Database comprises quarterly house price and personal disposable income (PDI) series for 25 different countries with data since 1975.
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Database of Global Economic Indicators
This database standardizes and disseminates world economic indicators for policy analysis and scholarly work on the role of globalization.
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Working papers and research
Dollar Shortages, CIP Deviations and the Safe Haven Role of the Dollar
Since 2007, an increase in risk or risk aversion has resulted in a U.S. dollar appreciation and greater deviations from covered interest parity (CIP). In contrast, prior to 2007, risk had no impact on the dollar, and CIP held.
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Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance and Inflation Dynamics Post-Global Financial Crisis
This paper studies the effectiveness of forward guidance when central banks have imperfect credibility.
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Mean Group Distributed Lag Estimation of Impulse Response Functions in Large Panels
This paper develops Mean Group Distributed Lag (MGDL) estimation of impulse responses in large panels with one or two cross-section dimensions.
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A Theory of Capital Flow Retrenchment
This paper shows that a negative global shock (rise in global risk-aversion) generates an identical drop in gross inflows and outflows.
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On the Nexus of Monetary Policy and Financial Stability: Novel Asset Market Monitoring Tools for Building Economic Resilience and Mitigating Financial Risks
This paper argues that asset pricing bubbles are an important source of financial instabilities.
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A Theory of Net Capital Flows over the Global Financial Cycle
This paper develops a theory to account for changes in net capital flows of safe and risky assets over the global financial cycle.
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Discover articles and papers from our research team
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Mexico’s productivity woes limit nearshoring, growth potential
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Disparate supply-side forces gave U.S. economy an edge
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Optimal Bailouts in Banking and Sovereign Crises
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Demographic Transition, Industrial Policies and Chinese Economic Growth
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