A Model of U.S. Monetary Policy and the Global Financial Cycle
A general equilibrium model shows US monetary tightening erodes currency-mismatched arbitrageurs' wealth, raising global risk premia and generating spillovers to international asset prices.
Featured in No. 137 on 30 Oct 2026 · 4 days after release
- Released
- 26 Oct 2026
- First featured
- No. 137 · 30 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:nbr:nberwo:35902
- Authors
- Rohan Kekre and Moritz Lenel
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).