This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve …, and look for long-run equilibrium relationships among them, which may reveal monetary policy interdependence between the …. The empirical results of both models indicate interdependence between the ECB and the Fed, but only the general VECM …

This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve … endogenous, and look for long-run equilibrium relationships among them, which may reveal monetary policy interdependence between …-follower relationship. The empirical results of both models indicate interdependence between the ECB and the Fed, but only the general VECM …