Galina B Hale

About

Galina B Hale is a Professor in the Economics Department within the Social Sciences Division. She serves as Co-Director of the Center for Analytical Finance and as Associate Director of the Institute for Social Transformation. Her professional roles indicate a focus on analytical finance and social transformation within the field of economics. Further details about her research focus, background, and key contributions are not provided in the available page text.

Research topics

• Economics
• Geography
• Econometrics
• Macroeconomics
• Monetary economics

Selected publications

• Climate risks and FDI

  Journal of International Economics · 2023-02-08 · 70 citations

  articleOpen accessSenior author

  Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and the implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their presence in countries that are more affected. We measure this by examining foreign direct investment (FDI) dynamics at different levels of aggregation as well as at the firm level. We propose a theoretical…

  PublisherDOI

• Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy

  The Journal of Finance · 2022 · 67 citations

  Senior authorCorresponding

  ABSTRACT We quantify the role of global production linkages in explaining spillovers of U.S. monetary policy shocks on country‐sector stock returns. We estimate a structural spatial autoregression (SAR) model that is consistent with an open‐economy production network framework. Using the SAR model, we decompose the total impact of U.S. monetary policy on global stock returns into direct and network effects. Nearly 70% of the total impact is due to the network effect of global production linkages…

  DOI

• Research needs for a food system transition

  Climatic Change · 2023-04-01 · 17 citations

  articleOpen access
  PublisherOA PDFDOI

• Inflationary Effects of Fiscal Support to Households and Firms

  National Bureau of Economic Research · 2023-01-01 · 7 citations

  report1st authorCorresponding

  Fiscal support measures in response to the COVID-19 pandemic varied in their targeted beneficiaries.Relying on variability across 10 large economies, we study differences in the inflationary effects of fiscal support measures targeting consumers or businesses.Because conventional measures of real activity were distorted, we control for the underlying state of the real economy using households sentiment data.We find that fiscal support measures to consumers, but not firms, had inflationary effect…

  PublisherDOI

• Industrial Composition of Syndicated Loans and Banks’ Climate Commitments

  Federal Reserve Bank of San Francisco, Working Paper Series · 2024-07-30 · 6 citations

  articleOpen access1st authorCorresponding

  In the past two decades, a number of banks joined global initiatives aimed to mitigate climate change by “greening” their asset portfolios. We study whether banks that made such commitments have a different emission exposure of their portfolios of syndicated loans than banks that did not. We rely on loan-level information with global coverage combined with country-industry information on emissions. We find that all banks have reduced their loan-emission exposures over the last 8 years. However,…

  PublisherOA PDFDOI

Frequent coauthors

• Julian di Giovanni

  39 shared

• Christopher Candelaria

  Vanderbilt University

  37 shared

• Julián Caballero

  28 shared

• Carlos Arteta

  University of Western Australia

  27 shared

• João A. C. Santos

  27 shared

• Maurice Obstfeld

  26 shared

• Eric Tallman

  25 shared

• Cheryl Long

  Xiamen University

  24 shared

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