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UID:20261107T054931EST-7976V82mzR@132.216.98.100
DTSTAMP:20261107T104931Z
DESCRIPTION:Sun Yong Kim\n\nNorthwestern University \n\nGlobal Footprint of
  US Fiscal Policy \n\nDate: Friday\, January 31\, 2025\n	Time: 11:30 AM - 1
 :00 PM\n	Location: Bronfman building\, Room 245\n\nAll are cordially invite
 d to attend.\n\n\nAbstract\n\nThe US fiscal condition is the most importan
 t fiscal determinant of global risky asset prices. Financial markets aroun
 d the world pay closer attention to the US fiscal condition than to i) the
  local fiscal condition or ii) foreign fiscal conditions outside the US. T
 o explain these striking results\, I advance a novel mechanism that emphas
 ises the special US role as the global innovation leader. This empowers th
 e US fiscal policy with a large international transmission across the glob
 al innovation network\, enabling it to influence i) global growth\, ii) th
 e global fiscal cycle\, iii) global policy uncertainty and consequently iv
 ) global risk-premia. The model qualitatively and quantitatively accounts 
 for my empirical findings with the key testable predictions verified in th
 e data. \n
DTSTART:20250131T163000Z
DTEND:20250131T180000Z
LOCATION:Room 245\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Finance Area Seminar: Sun Yong Kim
URL:https://www.mcgill.ca/desautels/channels/event/finance-area-seminar-sun
 -yong-kim-362895
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