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It has been a long debate whether Fed Funds target interest rate (FFTR) has significant explanatory power on interest rates in other countries. In this paper, we analyze the effects of FFTR on Bank of England (BOE) bank rate and European Central Bank (ECB) key interest rate employing - the...
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through different specifications of the Taylor rule. Comparison of the monetary conduct of these two institutions provides …
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through different specifications of the Taylor rule. Comparison of the monetary conduct of these two institutions provides …
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