Authors: Ozge Akinci, Gianluca Benigno, and Paolo Pesenti
-
-
Do you have a Freedom of Information request? Learn how to submit it.
See the world's largest accumulation of gold as you learn about the New York Fed and Federal Reserve System on a free tour.
The latest Annual Report chronicles the impact of Federal Reserve policies and includes data on the New York Fed's operations.
-
-
-
The Weekly Economic Index provides an informative signal of the state of the U.S. economy based on high-frequency data reported daily or weekly.
The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
Our model produces a "nowcast" of GDP growth, incorporating a wide range of macroeconomic data as it becomes available.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
-
-
-
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
This Economist Spotlight Series is created for middle school and high school students to spark curiosity and interest in economics as an area of study and a future career.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
-
Economic Policy Review
The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective
Volume 26, Number 4
October 2020
October 2020
JEL classification: E32, E44, F41, F44
Over the course of 2018, economic activity in major advanced foreign economies and emerging markets—including the Euro area and China—decelerated noticeably. In parallel, foreign growth projections for 2019 and 2020 were revised down, signaling potentially large headwinds for the U.S economy over the medium term. In this article, we use a multi-country simulation model to quantify economic spillovers to the United States from a slowdown originating in the Euro area. Next, we compare these results with spillovers from a slowdown originating in China. We find that spillovers to the U.S. economy from a slowdown in the Euro area are sizable, mainly due to lack of monetary policy space in the region along with greater financial integration between Europe and the United States. Standard trade-related spillovers from a slowdown in China to the United States, instead, are quantitatively limited.
AUTHOR DISCLOSURE STATEMENT(S)
Ozge Akinci
I declare that I have no relevant or material financial interests that relate to the article “The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective,” to be published in the Economic Policy Review.
Gianluca Benigno
The author declares that he has no relevant or material financial interests that relate to the research described in this paper.
Paolo Pesenti
As regards the article “The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective,” to be published in the Economic Policy Review, this coauthor declares that he has no relevant or material financial interests that relate to the research described in this paper.
I declare that I have no relevant or material financial interests that relate to the article “The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective,” to be published in the Economic Policy Review.
Gianluca Benigno
The author declares that he has no relevant or material financial interests that relate to the research described in this paper.
Paolo Pesenti
As regards the article “The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective,” to be published in the Economic Policy Review, this coauthor declares that he has no relevant or material financial interests that relate to the research described in this paper.
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement. 
