Toward A Better Understanding Of Macroeconomic Interdependence

February 15th, 2015
in econ_news

from the Dallas Fed

The Globalization and Monetary Policy Institute's mission is promoting research that helps the public better understand how globalization affects the conduct of U.S. monetary policy. Determining the consequences of trade and financial globalization is challenging. Understanding macroeconomic interdependence is necessary to fully comprehend globalization's consequences. This touches on a number of fields, including theoretical open economy macroeconomic research, empirical data-driven applied research and development of new econometric tools to handle large international datasets.

Follow up:


This article examines how my work has contributed to the institute's mission, particularly to our understanding of macroeconomic interdependence. This essay is in three parts. The first reviews how theoretical open economy macroeconomic modeling helps assess interdependence. Specifically, it identifies shortcuts used in the literature that may be misleading. The second part summarizes contributions regarding development of new econometric tools for modeling interdependent economies, including use of the global vector autoregressive (GVAR) approach. In the final part, I review applications developed with the GVAR approach, a modeling technique widely used to measure how economic shocks affect interdependent economies.

[click on image below to continue reading]

Source: http://www.dallasfed.org/assets/documents/institute/annual/2014/annual14d.pdf









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved