Studies from Federal Reserve Board Add New Findings in the Area of Economics (The Elusive Gains From Nationally Oriented Monetary Policy): Economics

2024 AUG 09 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Fresh data on Economics are presented in a new report. According to news reporting out of Washington, District of Columbia, by NewsRx editors, research stated, “The gains from monetary policy cooperation depend on real and financial distortions in the economy and evolve dynamically with prevailing economic conditions.”

Funders for this research include Bank for International Settlements, Federal Reserve Bank of New York.

Our news journalists obtained a quote from the research from Federal Reserve Board, “We show that, with international trade in assets, these gains are driven by asymmetric cross-border developments in productivity and savings, and can reach multiples of the cost of economic fluctuations.”

According to the news editors, the research concluded: “When financial flows are restricted to nonstate-contingent bonds, the gains from cooperation grow with the size of global imbalances, i.e. net-foreign-asset positions.”

This research has been peer-reviewed.

For more information on this research see: The Elusive Gains From Nationally Oriented Monetary Policy. The Review of Economic Studies, 2024. The Review of Economic Studies can be contacted at: Oxford Univ Press, Great Clarendon St, Oxford OX2 6DP, England.

Our news journalists report that additional information may be obtained by contacting Luca Guerrieri, Federal Reserve Board, Washington, DC 20551, United States. Additional authors for this research include Martin Bodenstein and Giancarlo Corsetti.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1093/restud/rdae046. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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