Quantifying the macroeconomic impact of geopolitical risk

24 Apr 2024

Julian Reynolds Policymakers and market participants consistently cite geopolitical developments as a key risk to the global economy and financial system. But how can one quantify the potential macroeconomic effects of these developments? Applying local projections to a popular metric of geopolitical risk, I show that geopolitical risk weighs on GDP in the central case … Continue reading Quantifying the macroeconomic impact of geopolitical risk →
financial stability monetary policy macroeconomics risk emerging market economies global economy macroeconomic international economics advanced economies geopolitical

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BankUnderground

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United Kingdom
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