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Measuring Monetary Policy Interdependence

In: International Macroeconomic Interdependence

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  • Paul R. Bergin
  • Òscar Jordà

Abstract

The following sections are included:IntroductionPitfalls of Interest-Rate Dynamic CorrelationsA Novel Data Set on Policy Rate TargetsMeasuring Monetary Policy InterdependenceResultsImplicationsAcknowledgmentsReferences

Suggested Citation

  • Paul R. Bergin & Òscar Jordà, 2017. "Measuring Monetary Policy Interdependence," World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 14, pages 387-415, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813225343_0014
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    2. James McNeil, 2024. "Modeling interest rate setting at the European Central Bank with bargaining models and counterfactuals," Empirical Economics, Springer, vol. 66(3), pages 1037-1053, March.
    3. Jinjarak, Yothin, 2014. "Equity prices and financial globalization," International Review of Financial Analysis, Elsevier, vol. 33(C), pages 49-57.
    4. Grammig, Joachim & Kehrle, Kerstin, 2008. "A new marked point process model for the federal funds rate target: Methodology and forecast evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2370-2396, July.
    5. Chortareas, Georgios & Noikokyris, Emmanouil, 2017. "Federal reserve's policy, global equity markets, and the local monetary policy stance," Journal of Banking & Finance, Elsevier, vol. 77(C), pages 317-327.
    6. Ansgar Belke & Thorsten Polleit, 2005. "(How) Do Stock Market Returns React to Monetary Policy? - An ARDL Cointegration Analysis for Germany," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 253/2005, Department of Economics, University of Hohenheim, Germany.
    7. Nahid Kalbasi Anaraki, 2021. "Federal Funds Rate Spillover to ECB Interest Rate: Are Macroeconomic Fundamentals Important?," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 9(1), pages 40-47.
    8. Ullrich, Katrin, 2003. "A Comparison Between the Fed and the ECB: Taylor Rules," ZEW Discussion Papers 03-19, ZEW - Leibniz Centre for European Economic Research.
    9. Chiara Scotti, 2006. "A bivariate model of Fed and ECB main policy rates," International Finance Discussion Papers 875, Board of Governors of the Federal Reserve System (U.S.).
    10. Anthony Landry, 2005. "The Mundell-Fleming-Dornbusch Model in a New Bottle," Computing in Economics and Finance 2005 455, Society for Computational Economics.

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    Keywords

    Macroeconomics; International; Cooperation; Business Cycles; Exchange Rate; Current Account;
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    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

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