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Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this … evidence that there is a positive association between movements in U.S. real rates and those in Europe. However,European real … rates typically do not move one-for-one with U.S. real rates,still leaving open the possibility that European monetary …
Persistent link: https://www.econbiz.de/10012477666
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
This paper examines the relationship of the term structure of interest rates to monetary policy instruments and to subsequent real activity and inflation in both Europe and the United States. The results show that monetary policy is an important determinant of the term structure spread, but it...
Persistent link: https://www.econbiz.de/10012473596
feedback is left out of current long-term U.S. budget projections and could make it much more difficult for the U.S. to … will be unable to make remittances to the U.S. Treasury. Under alternative scenarios that allow for an emergence of fiscal …
Persistent link: https://www.econbiz.de/10012459364