Global Macroeconomics

Global macroeconomics looks at the interactions of national economies around the world, particularly focusing on international trade, international finance, monetary policy, fiscal policy, and global growth.

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Series: Working Papers

Asset Purchases in a Monetary Union with Default and Liquidity Risks

Andrew Foerster, Huixin Bi, Nora Traum

Series: Working Papers

The 2025 Trade War: Dynamic Impacts Across U.S. States and the Global Economy

Andres Rodrıguez-Clare, Jose P. Vasquez, Mauricio Ulate

News: Research Spotlight

West Coast Workshop in International Finance: Agenda

News: Research Spotlight

West Coast Workshop in International Finance: Call for Papers

Series: Working Papers

The Crowding-In Effects of Local Government Debt in China

Xiaoming Li, Yuchao Peng, Zheng Liu, Zhiwei Xu

Series: Economic Letter

The Macroeconomic Impact of Cash Transfers in Brazil

Arthur Mendes, Leo Feler, Steven Pennings, Thuy Lan Nguyen, Wataru Miyamoto

Series: Economic Letter

What’s Up with Inflation Expectations in Japan?

Jens H. E. Christensen, Mark M. Spiegel

Series: Working Papers

Would the Euro Area Benefit from Greater Labor Mobility?

Fernanda Nechio, Vasco Cúrdia

Series: Working Papers

Monetary Tightening and Financial Stress during Supply- versus Demand-Driven Inflation

Adam Shapiro, Cristina Manea, Fabrice Collard, Frederic Boissay

Series: Working Papers

The Optimal Supply of Central Bank Reserves under Uncertainty

Gabriele LaSpada, Gara Afonso, John C. Williams, Thomas M. Mertens