This Time Is (Mostly) Different: U.S. Tightening Cycles and Global Resilience in the 1980s vs 2020s
The study compares monetary tightening in the 1980s and 2020s, finding that fiscal space—not exchange-rate flexibility alone—explains why emerging markets have avoided crisis this time.
Featured in No. 135 on 16 Oct 2026 · 11 days after release
- Released
- 5 Oct 2026
- First featured
- No. 135 · 16 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:nbr:nberwo:35673
- Authors
- Drishan Banerjee et al.
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