Birendra Budha (2021 PhD) and Kanda Naknoi presented their study at the Central Bank Research Association Meeting in Frankfurt Germany on August 30, 2024.

Their study empirically examines the international transmission of US monetary policy uncertainty to asset prices using high-frequency identification based on daily data of 43 countries. An increase in US monetary policy uncertainty raises sovereign yields and depreciates exchange rates in advanced and emerging market economies. A higher level of uncertainty weakens the global transmission of US monetary policy to asset prices.

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