Showing 1 - 10 of 27
Persistent link: https://www.econbiz.de/10003649884
Persistent link: https://www.econbiz.de/10003335381
Overnight money market rates are the predominant operational target of monetary policy. As a consequence, central banks have redesigned the implementation of monetary policy to keep the deviations of the overnight rate from the key policy rate small and short-lived. This paper uses fractional...
Persistent link: https://www.econbiz.de/10008746052
This paper investigates to what extent Chinese monetary policy is constrained by the dollar peg. To this end, we use a cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a monetary model for China, in which we include...
Persistent link: https://www.econbiz.de/10008796581
The dynamics of the US economy are modelled using a time-varying structural vector autoregression that incorporates information from the yield curve. We find important changes in the dynamics of macroeconomic variables such as inflation and the federal funds rate. In addition our results suggest...
Persistent link: https://www.econbiz.de/10003674660
Persistent link: https://www.econbiz.de/10003529865
Persistent link: https://www.econbiz.de/10003924635
Persistent link: https://www.econbiz.de/10003964365
Persistent link: https://www.econbiz.de/10009243090
Persistent link: https://www.econbiz.de/10009746299