IDEAS home Printed from https://ideas.repec.org/a/bla/ecnote/v44y2015i3p409-418.html
   My bibliography  Save this article

Towards a New Normal: How Different Paths of US Monetary Policy Affect the World Economy

Author

Listed:
  • M. Feldkircher
  • F. Huber
  • I. Moder

Abstract

type="main" xml:lang="en"> This note examines the impact of US monetary policy tightening on global output and consumer prices. We assess different paths of monetary policy normalization based on expectations of members and participants of the Federal Open Market Committee (FOMC), the US Federal Reserve's policy-making body. In the medium term, we find considerable negative effects on world GDP but only moderate effects on international prices. These negative spillovers are not confined to emerging economies but tend to carry over to other industrialized economies as well.

Suggested Citation

  • M. Feldkircher & F. Huber & I. Moder, 2015. "Towards a New Normal: How Different Paths of US Monetary Policy Affect the World Economy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 44(3), pages 409-418, November.
    • Handle: RePEc:bla:ecnote:v:44:y:2015:i:3:p:409-418
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maximilian Böck & Martin Feldkircher & Florian Huber, 2020. "BGVAR: Bayesian Global Vector Autoregressions with Shrinkage Priors in R," Globalization Institute Working Papers 395, Federal Reserve Bank of Dallas.

    More about this item

    Statistics

    Access and download statistics

    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:ecnote:v:44:y:2015:i:3:p:409-418. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: http://www.blackwellpublishing.com/journal.asp?ref=0391-5026 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.