Post-COVID Exogenous and Endogenous ECB Monetary Policy II

Post-COVID Exogenous and Endogenous ECB Monetary Policy II

In this video, Corrado discusses the level of spillovers depending on whether monetary policy is endogenous or exogenous and then finishes up by discussing the spillover effects of ECB and Fed monetary policy on emerging markets. 
Overview

We found that a Fed tightening leads to a reduction in the Euro Area's GDP and that the impact of ECB monetary policy on the US economy is close to zero after five years. And we also found that the Fed and ECB have a considerable cross-border influence on emerging market economies.

Key learning objectives:

  • Understand the level of these spillovers depending on whether monetary policy is endogenous or exogenous

  • Understand the spillover effects of ECB and Fed monetary policy on Emerging Markets

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Summary
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Expert
Corrado Macchiarelli

Corrado Macchiarelli

Dr. Corrado Macchiarelli is the global macroeconomics research manager in the macroeconomic modeling and forecasting team at NIESR (National Institute of Economic and Social Research). He is also the managing editor of the National Institute Economic Review (Cambridge University Press).

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