Title of article
Monetary policy and long term interest rates in Germany
Author/Authors
Gert Peersman، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
7
From page
271
To page
277
Abstract
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 Söderström [American Economic Review 2001;91(5):1594–1607].
Keywords
Monetary policy , SVARs , Term structure of interest rates
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435050
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