.svg){kind=icon}
.svg){kind=icon}
%201.svg){kind=icon}
%201.svg){kind=icon}
.svg){kind=icon}
.svg)
.svg)
David Rosenblatt
David Rosenblatt is an economic advisor at the Office of the Chief Economist, World Bank. Prior to this, he was a lead economist and sector leader at the Bank’s Latin America and the Caribbean region. David has also been a visiting lecturer at George Washington University. He has a Ph.D. in economics from University of California, Berkeley.
.svg)
Should emerging markets worry about US monetary policy announcements?
Emerging economies are routinely affected by monetary policy announcements in the US. This column finds that US monetary policy surprises have a significant impact on emerging economies’ exchange rates, equity prices, and bond yields. The impact is larger for surprise tightening of policy than for surprise easing, and disproportionately larger for large surprises. The spillover effects of policy announcements of other advanced economies are much weaker than those of the US.
