A Model of U.S. Monetary Policy and the Global Financial Cycle -- by Rohan Kekre, Moritz Lenel

We thank Mark Aguiar, Yacine Ait-Sahalia, Luigi Bocola, Ricardo Caballero, David Chapman, Max Croce, Pierre-Olivier Gourinchas, Anil Kashyap, Robert Kollmann, Alexandr Kopytov, Arvind Krishnamurthy, Sylvain Leduc, Wenhao Li, Guido Lorenzoni, Dmitry Mukhin, Brent Neiman, Richard Rogerson, Hyun Song Shin, Alp Simsek, Andreas Stathopoulos, Adrien Verdelhan, and Motohiro Yogo for discussions, and Sviatoslav Tiupin for excellent research assistance. This research has been supported by the National Science Foundation grant SES-2446790. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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