Monetary policy spillovers

When QE Goes Global: Why Macroprudential Tools Scale Better Than Capital Controls by Haiqin LiuNew!!

On major central-bank announcement days, financial markets often move far beyond the borders of the country making the decision. When the Federal Reserve, the European Central Bank, or the Bank of England surprises markets—whether by changing interest rates or by buying assets at large scale—equity prices abroad can jump (or drop) within hours. For policymakers […]