The Global Role of the U.S. Economy : Linkages, Policies and Spillovers
This paper analyzes the role of the United States in the global economy and examines the extent of global spillovers from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and economic policies. Developm...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/649771486479478785/The-global-role-of-the-U-S-economy-linkages-policies-and-spillovers http://hdl.handle.net/10986/26021 |
| Summary: | This paper analyzes the role of the
United States in the global economy and examines the extent
of global spillovers from changes in U.S. growth, monetary
and fiscal policies, and uncertainty in its financial
markets and economic policies. Developments in the U.S.
economy, the world's largest, have effects far beyond
its shores. A surge in U.S. growth could provide a
significant boost to the global economy. Tightening U.S.
financial conditions -- whether due to contractionary U.S.
monetary policy or other reasons -- could reverberate across
global financial markets, with adverse effects on some
emerging market and developing economies that rely heavily
on external financing. In addition, lingering uncertainty
about the course of U.S. economic policy could have an
appreciably negative effect on global growth prospects.
While the United States plays a critical role in the world
economy, activity in the rest of the world is also important
for the United States. |
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