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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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Caceres, Carlos (Economist) (Auteur, (IMF staff)), Carrière-Swallow, Yan (Auteur, (IMF staff)), Demir, Ishak (Auteur), Gruss, Bertrand (Auteur, (IMF staff))
Format: Électronique eBook
Langue:Inglés
Publié: [Washington, D.C.] : International Monetary Fund, [2016]
Collection:IMF working paper ; WP/16/195.
Sujets:
Monetary policy > United States.
Interest rates > United States.
Business cycles > United States.
Foreign exchange rates > United States.
Dollarization > United States.
Politique monétaire > États-Unis.
Taux d'intérêt > États-Unis.
Cycles économiques > États-Unis.
Taux de change > États-Unis.
Business cycles.
Dollarization.
Foreign exchange rates.
Interest rates.
Monetary policy.
United States.
Accès en ligne:Texto completo
Table des matières:
  • 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.

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