IDEAS home Printed from
   My bibliography  Save this article

U.S. Influences on Foreign Monetary Policy


  • Sheehan, Richard G


While the determinants of U.S. money growth have been intensively examined, the determinants of foreign money growth have been relatively overlooked. This study employs an IS/LM/aggregate supply model to examine what variables influence money growth in seven countries. Particular attention is devoted to the impact of U.S. variables on these countries' money growth rates. The results suggest that the determinants of money growth rates vary substantially across countries and over time. The estimation results also suggest differences between short-run and long-run responses. In addition, all countries' money growth rates are significantly influenced by U.S. variables. Copyright 1992 by Ohio State University Press.

Suggested Citation

  • Sheehan, Richard G, 1992. "U.S. Influences on Foreign Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(4), pages 447-464, November.
  • Handle: RePEc:mcb:jmoncb:v:24:y:1992:i:4:p:447-64

    Download full text from publisher

    File URL:
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See for details.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Rosser, J. Jr. & Sheehan, Richard G., 1995. "A vector autoregressive model of the Saudi Arabian economy," Journal of Economics and Business, Elsevier, vol. 47(1), pages 79-90, February.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:24:y:1992:i:4:p:447-64. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.