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Monetary Policy and Exchange Rates during the Global Tightening

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Abstract

Most central banks tightened monetary policy considerably over the past few years as inflation surged globally. Though effects of the COVID pandemic on global supply chains and labor markets was a common factor driving inflation higher across economies, domestic factors led to notable variation in the timing and extent of monetary policy responses.

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  • Emre Yoldas, 2024. "Monetary Policy and Exchange Rates during the Global Tightening," FEDS Notes 2024-05-10-2, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2024-05-10-2
    DOI: 10.17016/2380-7172.3489
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