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The International Linkage of Real Interest Rates : The European - U.S. Connection

Cumby, Robert E. - 1984

rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …

Persistent link: https://www.econbiz.de/10012477666

Financial Conditions Indexes : A Fresh Look after the Financial Crisis

Hatzius, Jan - 2010

This paper explores the link between financial conditions and economic activity. We first review existing measures, including both single indicators and composite financial conditions indexes (FCIs). We then build a new FCI that features three key innovations. First, besides interest rates and...

Persistent link: https://www.econbiz.de/10012462507

The Term Structure of Interest Rates and Its Role in Monetary Policy for The European Central Bank

Estrella, Arturo - 1995

subsequent real activity and inflation in both Europe and the United States. The results show that monetary policy is an …

Persistent link: https://www.econbiz.de/10012473596

Crunch Time : Fiscal Crises and the Role of Monetary Policy

Greenlaw, David - 2013

Countries with high debt loads are vulnerable to an adverse feedback loop in which doubts by lenders lead to higher sovereign interest rates which in turn make the debt problems more severe. We analyze the recent experience of advanced economies using both econometric methods and case studies...

Persistent link: https://www.econbiz.de/10012459364