Monetary policy and global spillovers: mechanisms effects and policy measures: an overview

The global economy of today 'is a small world after all.' The high degree of international trade integration and financial interconnectedness has created tight linkages across most countries even between countries that may be very distant geographically or that may not have significant tra...

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Autores principales: Mendoza, Enrique G., Pastén H., Ernesto, Saravia, Diego
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3856
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spelling oai-20.500.12580-38562021-04-24T11:13:16Z Monetary policy and global spillovers: mechanisms effects and policy measures: an overview Mendoza, Enrique G. Pastén H., Ernesto Saravia, Diego POLÍTICA MONETARIA COMERCIO INTERNACIONAL TASAS DE INTERÉS BANCOS CENTRALES PRODUCTOS BÁSICOS The global economy of today 'is a small world after all.' The high degree of international trade integration and financial interconnectedness has created tight linkages across most countries even between countries that may be very distant geographically or that may not have significant trade or financial relations with each other. This phenomenon is particularly evident when observing the international implications of monetary policy decisions made by the authorities of key advanced economies mainly the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) and the global spillovers of fluctuations in commodity prices or changes in capital markets conditions in individual countries or regions. These implications run in a two-way street in which changes in interest rates by key central banks have global effects on financial conditions and real activity and at the same time there are also important effects of for example world commodity markets or financial vulnerabilities in emerging economies or Eurozone members on monetary policy decisions made by the Fed or the ECB as well as by other central banks. 2019-11-01T00:08:08Z 2019-11-01T00:08:08Z 2018 Artículo 978-956-7421-58-9 https://hdl.handle.net/20.500.12580/3856 eng Series on Central Banking Analysis and Economic Policies no. 25 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 01-08 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic POLÍTICA MONETARIA
COMERCIO INTERNACIONAL
TASAS DE INTERÉS
BANCOS CENTRALES
PRODUCTOS BÁSICOS
spellingShingle POLÍTICA MONETARIA
COMERCIO INTERNACIONAL
TASAS DE INTERÉS
BANCOS CENTRALES
PRODUCTOS BÁSICOS
Mendoza, Enrique G.
Pastén H., Ernesto
Saravia, Diego
Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
description The global economy of today 'is a small world after all.' The high degree of international trade integration and financial interconnectedness has created tight linkages across most countries even between countries that may be very distant geographically or that may not have significant trade or financial relations with each other. This phenomenon is particularly evident when observing the international implications of monetary policy decisions made by the authorities of key advanced economies mainly the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) and the global spillovers of fluctuations in commodity prices or changes in capital markets conditions in individual countries or regions. These implications run in a two-way street in which changes in interest rates by key central banks have global effects on financial conditions and real activity and at the same time there are also important effects of for example world commodity markets or financial vulnerabilities in emerging economies or Eurozone members on monetary policy decisions made by the Fed or the ECB as well as by other central banks.
format Artículo
author Mendoza, Enrique G.
Pastén H., Ernesto
Saravia, Diego
author_facet Mendoza, Enrique G.
Pastén H., Ernesto
Saravia, Diego
author_sort Mendoza, Enrique G.
title Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
title_short Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
title_full Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
title_fullStr Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
title_full_unstemmed Monetary policy and global spillovers: mechanisms effects and policy measures: an overview
title_sort monetary policy and global spillovers: mechanisms effects and policy measures: an overview
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3856
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AT pastenhernesto monetarypolicyandglobalspilloversmechanismseffectsandpolicymeasuresanoverview
AT saraviadiego monetarypolicyandglobalspilloversmechanismseffectsandpolicymeasuresanoverview
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