{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"How have Fed interest rate hikes affected other national economies?","description":"In an effort to quell post-pandemic inflation, the Federal Reserve raised short-term interest rates eleven times since March 2022, with the federal funds rate now at its highest in over 20 years. Historically, such interest rate hikes\u2014or even the suggestion of hikes\u2014has triggered financial crises in emerging markets and developing economies. But, so far, that hasn\u2019t happened. In this episode of the Brookings Podcast on Economic Activity, \u015eebnem Kalemli-\u00d6zcan and Filiz Unsal discuss their new study, which examined how improved monetary policy credibility in these countries may have improved their resilience to American financial trends. Show notes and transcript The Brookings Podcast on Economic Activity is part of the&amp;nbsp;Brookings Podcast Network. Subscribe and listen on&amp;nbsp;Apple,&amp;nbsp;Spotify, or wherever you listen to podcasts. Send feedback email to&amp;nbsp;podcasts@brookings.edu. ","author_name":"Brookings Podcast on Economic Activity","author_url":"https:\/\/www.brookings.edu\/BPEA","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/28543913\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/28543913"}