The DOI matches its Crossref record; 79 of the 79 references it cites were found in a registry or an index.
US Monetary Policy and the Global Financial Cycle
Open accessAbstract
US monetary policy shocks induce comovements in the international financial variables that characterize the "Global Financial Cycle."One global factor explaining an important share of the variation of risky asset prices around the world decreases significantly after a US monetary contraction.Monetary tightening in the US leads to significant deleveraging of global financial intermediaries, a decline in the provision of domestic credit globally, strong retrenchments of international credit flows, and tightening of foreign financial conditions.Countries with floating exchange rate regimes are subject to similar financial spillovers.
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Cites
INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY
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By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior
Campbell, J. Y., & Cochrane, J. H. (1999) · Journal of Political Economy · doi:10.1086/250059 · Cited by 5,210
A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments
Stock, J. H., Wright, J. H., & Yogo, M. (2002) · Journal of Business & Economic Statistics · doi:10.1198/073500102288618658 · Cited by 4,274
Inside the black box: the credit channel of monetary policy transmission
Bernanke, B. S., & Gertler, M. (1995) · Journal of Economic Perspectives · doi:10.1257/jep.9.4.27 · Cited by 4,211
Determining the Number of Factors in Approximate Factor Models
Bai, J., & Ng, S. (2002) · Econometrica · doi:10.1111/1468-0262.00273 · Cited by 4,099
Modeling and Forecasting Realized Volatility
Andersen, T. G., Bollerslev, T., Diebold, F. X., & Labys, P. (2003) · Econometrica · doi:10.1111/1468-0262.00418 · Cited by 3,863
Forecasting Using Principal Components From a Large Number of Predictors
Stock, J. H., & Watson, M. W. (2002) · Journal of the American Statistical Association · doi:10.1198/016214502388618960 · Cited by 2,985
Macroeconomic Forecasting Using Diffusion Indexes
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Cited by
U.S. Monetary Policy and International Risk Spillovers
Kalemli-Özcan, Ṣ. (2019) · National Bureau of Economic Research · doi:10.3386/w26297 · Cited by 298
Metadata
- Authors
- Miranda-Agrippino, S., & Rey, H.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2015-11
- OpenAlex
- W2787075150
- Cited by
- 490
- References
- 79
- Type
- report
- Language
- en
- Open access
- green
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