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U.S. monetary policy normalization and global interenst rates /

As the Federal Reserve continues to normalize its monetary policy, this paper studies the impact of U.S. interest rates on rates in other countries. We find a modest but nontrivial pass-through from U.S. to domestic short-term interest rates on average. We show that, to a large extent, this comoveme...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Caceres, Carlos (Economist) (Autor, (IMF staff)), Carrière-Swallow, Yan (Autor, (IMF staff)), Demir, Ishak (Autor), Gruss, Bertrand (Autor, (IMF staff))
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/195.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; Abstract; I INTRODUCTION; II DATA; III PASS-THROUGH FROM U.S TO DOMESTIC INTEREST RATES; IV WHAT CAN BE EXPECTED FROM U.S MONETARY POLICY NORMALIZATION?; V THE FED'S NORMALIZATION AND MONETARY AUTONOMY ELSEWHERE; VI EXPLORING THE DETERMINANTS OF MONETARY AUTONOMY; VII CONCLUSION AND POLICY IMPLICATIONS.