Monticini (Università Cattolica del Sacro Cuore -Istituto Economia e Finanza -) Vaciago (Università Cattolica del Sacro Cuore -Istituto Economia e Finanza -)
Abstract
This paper investigates the degree and nature of economic and monetary policy relations among the United States, the euro area, and the British area. Using daily interest rates, we estimate the impact of monetary policy announcements of a Central Bank on its domestic market and in what measure they are able to influence other financial markets. In particular, we analyse the effect of the FED's, ECB's, and BoE's monetary policy announcements on their own market, and in the others.
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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number
0407025.
Find related papers by JEL classification: E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Determination of Interest Rates; Term Structure of Interest Rates E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
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