Global Spillovers of China's Monetary Policy
Author
Abstract
Suggested Citation
DOI: 10.1111/cwe.12530
Download full text from publisher
References listed on IDEAS
- Pierre-Olivier Gourinchas & Hélène Rey, 2007.
"International Financial Adjustment,"
Journal of Political Economy, University of Chicago Press, vol. 115(4), pages 665-703, August.
- Pierre-Olivier Gourinchas & Helene Rey, 2005. "International financial adjustment," Proceedings, Federal Reserve Bank of San Francisco.
- Rey, Hélène & Gourinchas, Pierre-Olivier, 2005. "International Financial Adjustment," CEPR Discussion Papers 4923, C.E.P.R. Discussion Papers.
- Pierre-Olivier Gourinchas & Hélène Rey, 2005. "International Financial Adjustment," International Finance 0505004, University Library of Munich, Germany.
- Gourinchas, Pierre-Olivier & Rey, Hélène, 2005. "International Financial Adjustment," Center for International and Development Economics Research, Working Paper Series qt124628cx, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Helene Rey & Pierre Olivier Gourinchas, 2005. "International Financial Adjustment," 2005 Meeting Papers 169, Society for Economic Dynamics.
- Gourinchas, Pierre-Olivier & Rey, Hélène, 2005. "International Financial Adjustment," Department of Economics, Working Paper Series qt124628cx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Pierre-Olivier Gourinchas & Helene Rey, 2005. "International Financial Adjustment," NBER Working Papers 11155, National Bureau of Economic Research, Inc.
- Emmanuel Farhi & Matteo Maggiori, 2018.
"A Model of the International Monetary System,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 295-355.
- Matteo Maggiori & Emmanuel Farhi, 2015. "A Model of the International Monetary System," Working Paper 349586, Harvard University OpenScholar.
- Emmanuel Farhi & Matteo Maggiori, 2016. "A Model of the International Monetary System," NBER Working Papers 22295, National Bureau of Economic Research, Inc.
- Emmanuel Farhi & Matteo Maggiori, 2016. "A Model of the International Monetary System," Working Paper 395971, Harvard University OpenScholar.
- Matteo Maggiori & Emmanuel Farhi, 2016. "A Model of the International Monetary System," Working Paper 395921, Harvard University OpenScholar.
- Maggiori, Matteo & Farhi, Emmanuel, 2016. "A Model of the International Monetary System," CEPR Discussion Papers 11297, C.E.P.R. Discussion Papers.
- Emmanuel Farhi & Matteo Maggiori, 2016. "A Model of the International Monetary System," 2016 Meeting Papers 1543, Society for Economic Dynamics.
- Chengsi Zhang, 2011. "Why is Inflation in China a Monetary Phenomenon?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 19(3), pages 1-17, May.
- Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2019.
"Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(2), pages 599-646.
- Ilzetzki, Ethan & Reinhart, Carmen & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
- Ilzetzki, Ethan & Reinhart, Carmen M. & Rogoff, Kenneth S., 2019. "Exchange arrangements entering the twenty-first century: which anchor will hold?," LSE Research Online Documents on Economics 88184, London School of Economics and Political Science, LSE Library.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," Working Paper 503441, Harvard University OpenScholar.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," NBER Working Papers 23134, National Bureau of Economic Research, Inc.
- Zhengyang Jiang & Arvind Krishnamurthy & Hanno Lustig, 2021.
"Foreign Safe Asset Demand and the Dollar Exchange Rate,"
Journal of Finance, American Finance Association, vol. 76(3), pages 1049-1089, June.
- Zhengyang Jiang & Arvind Krishnamurthy & Hanno Lustig, 2018. "Foreign Safe Asset Demand and the Dollar Exchange Rate," NBER Working Papers 24439, National Bureau of Economic Research, Inc.
- Jiang, Zhengyang & Krishnamurthy, Arvind & Lustig, Hanno, 2018. "Foreign Safe Asset Demand and the Dollar Exchange Rate," Research Papers 3621, Stanford University, Graduate School of Business.
- Jiang, Zhengyang & Krishnamurthy, Arvind & Lustig, Hanno, 2019. "Foreign Safe Asset Demand and the Dollar Exchange Rate," Research Papers 3775, Stanford University, Graduate School of Business.
- Yunling Zhang & Minghui Shen, 2012. "Emergence of ASEAN, China and India and the Regional Architecture," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 20(4), pages 92-107, July.
- Ming Feng & Hao Cheng, 2016. "RMB exchange rate regime reform and the Trilemma facing LOEs," China Finance and Economic Review, Springer, vol. 4(1), pages 1-15, December.
- Bruno, Valentina & Shin, Hyun Song, 2015.
"Capital flows and the risk-taking channel of monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 71(C), pages 119-132.
- Valentina Bruno & Hyun Song Shin, 2012. "Capital Flows and the Risk-Taking Channel of Monetary Policy," BIS Working Papers 400, Bank for International Settlements.
- Valentina Bruno & Hyun Song Shin, 2013. "Capital Flows and the Risk-Taking Channel of Monetary Policy," NBER Working Papers 18942, National Bureau of Economic Research, Inc.
- Dedola, Luca & Rivolta, Giulia & Stracca, Livio, 2017.
"If the Fed sneezes, who catches a cold?,"
Journal of International Economics, Elsevier, vol. 108(S1), pages 23-41.
- Luca Dedola & Giulia Rivolta & Livio Stracca, 2016. "If the Fed Sneezes, Who Catches a Cold?," NBER Chapters, in: NBER International Seminar on Macroeconomics 2016, National Bureau of Economic Research, Inc.
- Dedola, Luca & Rivolta, Giulia & Stracca, Livio, 2017. "If the Fed sneezes, who catches a cold?," Working Paper Series 2050, European Central Bank.
- Neely, Christopher J., 2015.
"Unconventional monetary policy had large international effects,"
Journal of Banking & Finance, Elsevier, vol. 52(C), pages 101-111.
- Christopher J. Neely, 2010. "The large scale asset purchases had large international effects," Working Papers 2010-018, Federal Reserve Bank of St. Louis.
- Mark Gertler & Peter Karadi, 2015.
"Monetary Policy Surprises, Credit Costs, and Economic Activity,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 7(1), pages 44-76, January.
- Mark Gertler & Peter Karadi, 2013. "Monetary Policy Surprises, Credit Costs and Economic Activity," NBER Chapters, in: Lessons from the Financial Crisis for Monetary Policy, National Bureau of Economic Research, Inc.
- Gertler, Mark & Karadi, Peter, 2014. "Monetary Policy Surprises, Credit Costs and Economic Activity," CEPR Discussion Papers 9824, C.E.P.R. Discussion Papers.
- Mark Gertler & Peter Karadi, 2014. "Monetary Policy Surprises, Credit Costs and Economic Activity," NBER Working Papers 20224, National Bureau of Economic Research, Inc.
- Peter Karadi & Mark Gertler, 2015. "Monetary Policy Surprises, Credit Costs, and Economic Activity," 2015 Meeting Papers 447, Society for Economic Dynamics.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2021.
"The Transmission of Monetary Policy Shocks,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 13(3), pages 74-107, July.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2015. "The Transmission of Monetary Policy Shocks," Discussion Papers 1711, Centre for Macroeconomics (CFM), revised Feb 2017.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The transmission of monetary policy shocks," Bank of England working papers 657, Bank of England.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The transmission of monetary policy shocks," LSE Research Online Documents on Economics 86163, London School of Economics and Political Science, LSE Library.
- Ricco, Giovanni & Miranda-Agrippino, Silvia, 2018. "The Transmission of Monetary Policy Shocks," CEPR Discussion Papers 13396, C.E.P.R. Discussion Papers.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The Transmission of Monetary Policy Shocks," The Warwick Economics Research Paper Series (TWERPS) 1136, University of Warwick, Department of Economics.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The Transmission of Monetary Policy Shocks," Economic Research Papers 269310, University of Warwick - Department of Economics.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Documents de Travail de l'OFCE 2017-15, Observatoire Francais des Conjonctures Economiques (OFCE).
- Chen, Hongyi & Chow, Kenneth & Tillmann, Peter, 2017.
"The effectiveness of monetary policy in China: Evidence from a Qual VAR,"
China Economic Review, Elsevier, vol. 43(C), pages 216-231.
- Hongyi Chen & Kenneth Chow & Peter Tillmann, "undated". "The effectiveness of monetary policy in China: Evidence from a Qual VAR," GRU Working Paper Series GRU_2016_022, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Hongyi Chen & Kenneth ChowAuthor-Workplace-Name: Hong Kong Monetary Authority & Peter Tillmann, 2016. "The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR," Working Papers 062016, Hong Kong Institute for Monetary Research.
- James H. Stock & Mark W. Watson, 2001. "Vector Autoregressions," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 101-115, Fall.
- Simon Gilchrist & Egon Zakrajsek, 2012.
"Credit Spreads and Business Cycle Fluctuations,"
American Economic Review, American Economic Association, vol. 102(4), pages 1692-1720, June.
- Simon Gilchrist & Egon Zakrajšek, 2011. "Credit Spreads and Business Cycle Fluctuations," NBER Working Papers 17021, National Bureau of Economic Research, Inc.
- Montiel Olea, José L. & Stock, James H. & Watson, Mark W., 2021. "Inference in Structural Vector Autoregressions identified with an external instrument," Journal of Econometrics, Elsevier, vol. 225(1), pages 74-87.
- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
- Cesa-Bianchi, Ambrogio & Thwaites, Gregory & Vicondoa, Alejandro, 2020. "Monetary policy transmission in the United Kingdom: A high frequency identification approach," European Economic Review, Elsevier, vol. 123(C).
- Ming Feng & Hao Cheng, 2016. "Trilemma, RMB exchange rate regime reform, and policy orientation after August 2015," China Finance and Economic Review, De Gruyter, vol. 5(3), pages 3-19, September.
- Du, Wenxin & Im, Joanne & Schreger, Jesse, 2018. "The U.S. Treasury Premium," Journal of International Economics, Elsevier, vol. 112(C), pages 167-181.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2024.
"Global risk and the dollar,"
Journal of Monetary Economics, Elsevier, vol. 144(C).
- Müller, Gernot & Georgiadis, Georgios & Schumann, Ben, 2021. "Global Risk and the Dollar," CEPR Discussion Papers 16245, C.E.P.R. Discussion Papers.
- Georgios Georgiadis & Gernot J. Müller & Ben Schumann, 2023. "Global Risk and the Dollar," Discussion Papers of DIW Berlin 2057, DIW Berlin, German Institute for Economic Research.
- Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2021. "Global risk and the dollar," Working Paper Series 2628, European Central Bank.
- Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2022.
"Interest Rate Surprises: A Tale of Two Shocks,"
Working Papers
2213, Federal Reserve Bank of Dallas.
- Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2023. "Interest Rate Surprises: A Tale of Two Shocks," Discussion Papers 2320, Centre for Macroeconomics (CFM).
- Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2023. "Interest Rate Surprises: A Tale of Two Shocks," School of Economics Discussion Papers 0923, School of Economics, University of Surrey.
- Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2022. "Interest Rate Surprises: A Tale of Two Shocks," Working Papers 22-2, Federal Reserve Bank of Boston.
- Bernoth, Kerstin & Herwartz, Helmut & Trienens, Lasse, 2024.
"Interest Rates, Convenience Yields and Inflation Expectations: Drivers of US Dollar Exchange Rates,"
VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges
302351, Verein für Socialpolitik / German Economic Association, revised 2024.
- Kerstin Bernoth & Helmut Herwartz & Lasse Trienens, 2024. "Interest Rates, Convenience Yields, and Inflation Expectations: Drivers of US Dollar Exchange Rates," Discussion Papers of DIW Berlin 2100, DIW Berlin, German Institute for Economic Research.
- Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2023.
"Institutional investors, the dollar, and U.S. credit conditions,"
Journal of Financial Economics, Elsevier, vol. 147(1), pages 198-220.
- Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "Institutional Investors, the Dollar, and U.S. Credit Conditions," International Finance Discussion Papers 1246, Board of Governors of the Federal Reserve System (U.S.).
- Pierre-Olivier Gourinchas & Hélène Rey & Maxime Sauzet, 2019.
"The International Monetary and Financial System,"
Annual Review of Economics, Annual Reviews, vol. 11(1), pages 859-893, August.
- Pierre-Olivier Gourinchas & Hélène Rey & Maxime Sauzet, 2019. "The International Monetary and Financial System," NBER Working Papers 25782, National Bureau of Economic Research, Inc.
- Rey, Hélène & Gourinchas, Pierre-Olivier & Sauzet, Maxime, 2019. "The International Monetary and Financial System," CEPR Discussion Papers 13714, C.E.P.R. Discussion Papers.
- Gourinchas, Pierre-Olivier & Rey, Hélène & Sauzet, Maxime, 2019. "The International Monetary and Financial System," Department of Economics, Working Paper Series qt19n967tz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ilzetzki, Ethan & Jin, Keyu, 2021.
"The puzzling change in the international transmission of U.S. macroeconomic policy shocks,"
Journal of International Economics, Elsevier, vol. 130(C).
- Ethan Ilzetzki & Keyu Jin, 2020. "The Puzzling Change in the International Transmission of US Macroeconomic Policy Shocks," NBER Chapters, in: NBER International Seminar on Macroeconomics 2020, National Bureau of Economic Research, Inc.
- Ethan Ilzetzki & Keyu Jin, 2020. "The Puzzling Change In The International Transmission Of U.S. Macroeconomic Policy Shocks," Discussion Papers 2103, Centre for Macroeconomics (CFM).
- Ilzetzki, Ethan & Jin, Keyu, 2021. "The Puzzling Change in the International Transmission of U.S. Macroeconomic Policy Shocks," CEPR Discussion Papers 15740, C.E.P.R. Discussion Papers.
- Ilzetzki, Ethan & Jin, Keyu, 2021. "The puzzling change in the international transmission of U.S. macroeconomic policy shocks," LSE Research Online Documents on Economics 108566, London School of Economics and Political Science, LSE Library.
- Hanisch, Max, 2019. "US monetary policy and the euro area," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 77-96.
- Giovanni Ricco & Riccardo Degasperi & Seokki S. Hong, 2020.
"The Global Transmission of U.S. Monetary Policy,"
Working Papers
814, Economic Research Southern Africa.
- Riccardo Degasperi & Seokki Simon Hong & Giovanni Ricco, 2023. "The Global Transmission of U.S. Monetary Policy," Working Papers 2023-02, Center for Research in Economics and Statistics.
- Riccardo Degasperi & Seokki Simon Hong & Giovanni Ricco, 2021. "The global transmission of U.S. monetary policy," Working Papers hal-03373749, HAL.
- Ricco, Giovanni & Degasperi, Riccardo & Hong, Simon, 2020. "The Global Transmission of U.S. Monetary Policy," CEPR Discussion Papers 14533, C.E.P.R. Discussion Papers.
- Degasperi,Riccardo & Hong, Seokki Simon & Ricco, Giovanni, 2020. "The Global Transmission of U.S. Monetary Policy," The Warwick Economics Research Paper Series (TWERPS) 1257, University of Warwick, Department of Economics.
- Oliver Holtemöller & Alexander Kriwoluzky & Boreum Kwak, 2024.
"Is There an Information Channel of Monetary Policy?,"
Discussion Papers of DIW Berlin
2084, DIW Berlin, German Institute for Economic Research.
- Holtemöller, Oliver & Kriwoluzky, Alexander & Kwak, Boreum, 2024. "Is there an information channel of monetary policy?," IWH Discussion Papers 17/2020, Halle Institute for Economic Research (IWH), revised 2024.
- Guillaume Bazot & Eric Monnet & Matthias Morys, 2024. "Central banks and the absorption of international shocks (1891-2019)," PSE Working Papers halshs-04778323, HAL.
- Georgios Georgiadis & Gernot J. Müller & Ben Schumann, 2023.
"Dollar Trinity and the Global Financial Cycle,"
Discussion Papers of DIW Berlin
2058, DIW Berlin, German Institute for Economic Research.
- Müller, Gernot & Georgiadis, Georgios & Schumann, Ben, 2023. "Dollar Trinity and the Global Financial Cycle," CEPR Discussion Papers 18427, C.E.P.R. Discussion Papers.
- Miranda-Agrippino, Silvia & Nenova, Tsvetelina, 2022.
"A tale of two global monetary policies,"
Journal of International Economics, Elsevier, vol. 136(C).
- Silvia Miranda-Agrippino & Tsvetelina Nenova, 2021. "A Tale of Two Global Monetary Policies," NBER Chapters, in: NBER International Seminar on Macroeconomics 2021, National Bureau of Economic Research, Inc.
- Silvia Miranda-Agrippino & Tsvetelina Nenova, 2021. "A Tale of Two Global Monetary Policies," Discussion Papers 2117, Centre for Macroeconomics (CFM).
- Agrippino, Silvia Miranda & Nenova, Tsvetelina, 2022. "A tale of two global monetary policies," Bank of England working papers 972, Bank of England.
- Miranda-Agrippino, Silvia & Nenova, Tsvetelina, 2022. "A Tale of Two Global Monetary Policies," CEPR Discussion Papers 16485, C.E.P.R. Discussion Papers.
- Marco Pinchetti & Andrzej Szczepaniak, 2024.
"Global Spillovers of the Fed Information Effect,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 773-819, June.
- Pinchetti, Marco & Szczepaniak, Andrzej, 2021. "Global spillovers of the Fed information effect," Bank of England working papers 952, Bank of England.
- Mr. Tobias Adrian & Peichu Xie, 2020.
"The Non-U.S. Bank Demand for U.S. Dollar Assets,"
IMF Working Papers
2020/101, International Monetary Fund.
- Adrian, Tobias & Xie, Peichu, 2020. "The Non-U.S. Bank Demand for U.S. Dollar Assets," CEPR Discussion Papers 14437, C.E.P.R. Discussion Papers.
- Firmin Doko Tchatoka & Qazi Haque, 2024.
"Revisiting the Macroeconomic Effects of Monetary Policy Shocks,"
The Economic Record, The Economic Society of Australia, vol. 100(329), pages 234-259, June.
- Firmin Doko Tchatoka & Qazi Haque, 2021. "Revisiting the macroeconomic effects of monetary policy shocks," CAMA Working Papers 2021-61, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Firmin Doko Tchatoka & Qazi Haque, 2021. "Revisiting the macroeconomic effects of monetary policy shocks," School of Economics and Public Policy Working Papers 2021-02 Classification-E3, University of Adelaide, School of Economics and Public Policy.
- Robin Braun & Ralf Brüggemann, 2017.
"Identification of SVAR Models by Combining Sign Restrictions With External Instruments,"
Working Paper Series of the Department of Economics, University of Konstanz
2017-07, Department of Economics, University of Konstanz.
- Braun, Robin & Brüggemann, Ralf, 2022. "Identification of SVAR models by combining sign restrictions with external instruments," Bank of England working papers 961, Bank of England.
- Rivolta, Giulia & Trecroci, Carmine, 2020. "Measuring the effects of U.S. uncertainty and monetary conditions on EMEs' macroeconomic dynamics," MPRA Paper 99403, University Library of Munich, Germany.
- Andrew Lilley & Matteo Maggiori & Brent Neiman & Jesse Schreger, 2022.
"Exchange Rate Reconnect,"
The Review of Economics and Statistics, MIT Press, vol. 104(4), pages 845-855, October.
- Andrew Lilley & Matteo Maggiori & Brent Neiman & Jesse Schreger, 2019. "Exchange Rate Reconnect," NBER Working Papers 26046, National Bureau of Economic Research, Inc.
- Maggiori, Matteo & Lilley, Andrew & Neiman, Brent & Schreger, Jesse, 2020. "Exchange Rate Reconnect," CEPR Discussion Papers 13869, C.E.P.R. Discussion Papers.
- Galvez, Julio & Gambacorta, Leonardo & Mayordomo, Sergio & Serena, Jose Maria, 2021. "Dollar borrowing, firm credit risk, and FX-hedged funding opportunities," Journal of Corporate Finance, Elsevier, vol. 68(C).
- Ṣebnem Kalemli-Özcan, 2019. "U.S. Monetary Policy and International Risk Spillovers," NBER Working Papers 26297, National Bureau of Economic Research, Inc.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:chinae:v:32:y:2024:i:3:p:1-30. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iwepacn.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.