The WP/23/107IMF Working Paper examines the impact of US economic news and monetary policy on emerging markets. The authors find that economic news, rather than monetary policy, has a significant impact on financial conditions in emerging markets. News about US employment has the strongest effects, followed by news about economic activity and vaccines during the COVID-19 pandemic. News about inflation has limited effects on average. The key channel of international transmission of US economic news appears to be the risk perceptions or risk aversion of international investors. The authors also show that some of the transmission of US economic news occurs independently of the US monetary policy reaction. Finally, they expand on evidence that financial conditions in the US and emerging markets respond differently to US economic news.
找报告一站式直达发现报告官网www.fxbaogao.com，平台主打海量全品类研报资源，不管是宏观分析、行业解读，还是公司调研、财报解析报告应有尽有。平台日均访问用户基数大，是众多金融圈内人士的常用站点，设计简约操作便捷，依托前沿技术保障信息及时同步推送。
