Search Results
Journal Article
Monetary Policy in Small Open Economies: The Role of Exchange Rate Rules
Santacreu, Ana Maria
(2015)
Understanding the costs and benefits of alternative monetary policy rules is important for economic welfare. Within the context of a small open economy model and building on the work of Mihov and Santacreu (2013), the author analyzes the economic implications of two monetary policy rules. The first is a rule in which the central bank uses the nominal exchange rate as its policy instrument and adjusts the rate whenever there are changes in the economic environment. The second is a standard interest rate rule in which the central bank adjusts the short-term nominal interest rate to changes in ...
Review
, Volume 97
, Issue 3
, Pages 217-32
Journal Article
The Rise of Asia as a Destination for U.S. Patenting
Santacreu, Ana Maria; LaBelle, Jesse
(2021-12-03)
China has become one of the main destinations where U.S. inventors seek to protect their intellectual property.
Economic Synopses
, Issue 27
, Pages 1-2
The Rise of Cross-Border Patenting: Trends and Implications
Santacreu, Ana Maria
(2024-06-11)
Excluding China, foreign patent applications have narrowed the gap with domestic patent applications, suggesting a global trend toward cross-border patenting.
On the Economy
Journal Article
A Closer Look at China’s Supposed Misappropriation of U.S. Intellectual Property
Peake, Makenzie; Santacreu, Ana Maria
(2019-02-08)
China has significantly increased its payments for the use of U.S. intellectual property.
Economic Synopses
, Issue 5
Combining Economics with Policy Research
Santacreu, Ana Maria
(2020-05-05)
Before she was studying international trade, economist Ana Maria Santacreu was going to be an engineer. But she kept drifting to her parents’ area of study.
On the Economy
From Partner to Rival: Understanding China’s Technological Rise through Patent Data
de Soyres, Francois; Fisgin, Ece; Santacreu, Ana Maria
(2025-04-03)
A new measure of patent similarity shows China shifting its international patents toward technology-intensive industries traditionally dominated by developed nations.
On the Economy
Discussion Paper
Fiscal policy and excess inflation during Covid-19: a cross-country view
de Soyres, Francois; Santacreu, Ana Maria; Young, Henry L.
(2022-07-15)
The recent surge in inflation in many countries around the world and the fiscal stimulus provided in the face of the COVID-19 pandemic has renewed interest in analyzing the potential role of large fiscal spending as a driver of price increases. In this note, we examine how fiscal support impacted the balance between supply and demand across countries during the COVID-19 crisis.
FEDS Notes
, Paper 2022-07-15-1
Understanding the Net International Investment Position
Santacreu, Ana Maria
(2025-05-15)
The U.S. NIIP is the difference between U.S.-owned foreign assets and foreign-owned U.S. assets. Why has the NIIP become more negative in recent years?
On the Economy
The Impact of Tax Differences on Intrafirm Patent Transactions
Santacreu, Ana Maria; LaBelle, Jesse
(2023-06-13)
An analysis of global patent transfers found that international tax differences impact patent transactions between parent companies and foreign subsidiaries.
On the Economy
Journal Article
Demand-Supply Imbalance during the COVID-19 Pandemic: The Role of Fiscal Policy
de Soyres, Francois; Santacreu, Ana Maria; Young, Henry L.
(2023-01-20)
To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. We show that generous fiscal support is associated with an increase in the demand for consumption goods during the pandemic, but industrial production did not adjust quickly enough to meet the sharp increase in demand. This imbalance between supply and demand across countries contributed to high inflation. Our findings suggest a sizable role for fiscal policy in affecting price stability, above and beyond what a monetary authority can do.
Review
, Volume 105
, Issue 1
, Pages 21-50
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