Working paper
Open economy codependence: U.S. monetary policy and interest rate pass-through
- Abstract:
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We analyze the international transmission of interest rates under pegged and non-pegged exchange rate regimes, demonstrating that transmission depends upon the informational properties of a base country's interest rate change. We differentiate between interest rate movements which are predictable/unpredictable and dependent/independent (i.e., a function of non-monetary factors such as cost-push inflation). Under capital mobility, we show that predictable or dependent interest rate changes sho...
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- Publication status:
- Published
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Authors
Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2006-11-01
- Paper number:
- 290
Item Description
- Keywords:
- Pubs id:
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451657
- Local pid:
- pubs:451657
- Deposit date:
- 2020-12-14
Terms of use
- Copyright date:
- 2006
- Rights statement:
- Copyright 2006 The Author(s)
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