Events

08. April 2025, 17:00 until 18:30

Brown Bag Seminar / M. Boeck (FAU Erlangen-Nuernberg) / Has Globalization Changed the International Transmission of U.S. Monetary Policy?

Seminar

Maximilian Boeck will give a talk about his recent research.

“Has Globalization Changed the International Transmission of U.S. Monetary Policy?”

Maximilian Boeck, opens an external URL in a new window (FAU Erlangen-Nuernberg) 

We estimate a time-varying parameter vector autoregression to examine the evolution of international spillovers of U.S. monetary policy in light of increasing globalization in real and financial markets. We find that the actions taken by the Federal Reserve play a growing role in shaping global economic activity. The adverse international effects of a U.S. tightening have more than tripled over the past three decades, peaking during the Great Recession. Based on a cross-country analysis and counterfactual simulations, we argue that such amplification can primarily be attributed to the surge in trade integration, while the role of rising financial integration in explaining the time-variation is limited.

Calendar entry

Event details

Event location
TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: DB04, yellow area, 4th floor
Organiser
ECON
Julia Hutter
julia.hutter@tuwien.ac.at
Public
Yes
Entrance fee
No
Registration required
No