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...
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World Bank, Washington, DC
2017
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| 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 |
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okr-10986-260212021-06-14T10:10:50Z The Global Role of the U.S. Economy : Linkages, Policies and Spillovers Kose, M. Ayhan Lakatos, Csilla Ohnsorge, Franziska Stocker, Marc BUSINESS CYCLES GLOBAL ECONOMY globalization spillovers fiscal policy monetary policy economic growth 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. 2017-02-08T22:34:21Z 2017-02-08T22:34:21Z 2017-02 Working Paper 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 English en_US Policy Research Working Paper;No. 7962 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BUSINESS CYCLES GLOBAL ECONOMY globalization spillovers fiscal policy monetary policy economic growth |
| spellingShingle |
BUSINESS CYCLES GLOBAL ECONOMY globalization spillovers fiscal policy monetary policy economic growth Kose, M. Ayhan Lakatos, Csilla Ohnsorge, Franziska Stocker, Marc The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| relation |
Policy Research Working Paper;No. 7962 |
| description |
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. |
| format |
Working Paper |
| author |
Kose, M. Ayhan Lakatos, Csilla Ohnsorge, Franziska Stocker, Marc |
| author_facet |
Kose, M. Ayhan Lakatos, Csilla Ohnsorge, Franziska Stocker, Marc |
| author_sort |
Kose, M. Ayhan |
| title |
The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| title_short |
The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| title_full |
The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| title_fullStr |
The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| title_full_unstemmed |
The Global Role of the U.S. Economy : Linkages, Policies and Spillovers |
| title_sort |
global role of the u.s. economy : linkages, policies and spillovers |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
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 |
| _version_ |
1764460740343758848 |