Working paper icon

Working paper

Open economy codependence: U.S. monetary policy and interest rate pass-through

Abstract:

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...

Expand abstract
Publication status:
Published

Actions


Access Document


Files:

Authors


Publisher:
University of Oxford Publisher's website
Series:
Department of Economics Discussion Paper Series
Publication date:
2006-11-01
Paper number:
290
Keywords:
Pubs id:
451657
Local pid:
pubs:451657
Deposit date:
2020-12-14

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP