International Economy
Learn about global economic growth and its effects on U.S. monetary policy
Economic Data
International House Price Database, Third Quarter 2022 Data
The International House Price Database comprises quarterly house price and personal disposable income (PDI) series for 25 different countries with data since 1975.
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Database of Global Economic Indicators
This database standardizes and disseminates world economic indicators for policy analysis and scholarly work on the role of globalization.
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Working Papers and Research
Commodity Exports, Financial Frictions and International Spillovers
This paper offers a solution to the international co-movement puzzle found in open-economy macroeconomic models.
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Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing?
One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, this paper documents that U.S. inflation rose post-FAIT considerably more than predicted had the strategy not changed.
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Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing?
One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, this paper documents that U.S. inflation rose post-FAIT considerably more than predicted had the strategy not changed.
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Social Distancing, Vaccination and Evolution of COVID-19 Transmission Rates in Europe
This paper provides estimates of COVID-19 transmission rates and explains their evolution for selected European countries since the start of the pandemic taking account of changes in voluntary and government-mandated social distancing, incentives to comply, vaccination and the emergence of new variants.
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The Global Financial Cycle and Capital Flows During the COVID-19 Pandemic
This paper estimates the heterogeneous effect of the global financial cycle on exchange rates and cross-border capital flows during the COVID-19 pandemic, using weekly exchange rate and portfolio flow data for a panel of 48 advanced and emerging market economies.
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Revisiting the Great Ratios Hypothesis
Using a new system pooled mean group estimator and a dataset spanning almost one and a half centuries and 17 countries, this paper finds support for five out of the seven great ratios considered.
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Explore the International Economy
Mexico and Border Region
Dallas Fed economists review recent economic conditions in Mexico.
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Global Economic Conditions
Monthly set of charts on global economic activity and financial-sector developments.
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Capital flowed from emerging markets as pandemic, economic cycle took hold
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Threat of global housing slide looms amid rising rates
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Dallas Fed, Latin American central banks explore financial stability risks
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Tax, transfer programs explain why Western Europeans work less than Americans
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