*Translations are generated from English


Fed’s monetary policy ‘spillbacks’ have significant effects – ECB paper

The Federal Reserve building

A working paper published by the European Central Bank investigates how spillovers from Federal Reserve to foreign countries cause “spillbacks” that affect the US economy.

In What goes around comes around: how large are spillbacks from US monetary policy? Max Breitenlechner, Georgios Georgiadis and Ben Schumann use data from 1990 to 2019. They estimate two-country vector autoregressive models to simulate the US and the rest of the world.

The authors calculate “the impulse responses of US

You are currently unable to copy this content. Please contact [email protected] to find out more.

Adblock test (Why?)