Monetary policy and long term interest rates in Germany

被引：16
|
作者：
Peersman, G
机构：
[1] State Univ Ghent, London EC2R 8AH, England
[2] Bank England, Int Econ Anal Div, London EC2R 8AH, England
来源：
ECONOMICS LETTERS | 2002年 / 77卷 / 02期
关键词：
monetary policy; term structure of interest rates; SVARs;
D O I：
10.1016/S0165-1765(02)00135-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we provide new empirical evidence on the relationship between short and long run interest rates for Germany. We find a positive correlation after a supply and demand shock and a negative correlation after a monetary policy shock. This finding is consistent with the theory of Ellingsen and Soderstrom [American Economic Review 2001;91(5):1594-1607]. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：271 / 277
页数：7
相关论文
共 50 条
12345