U.S. Monetary Policy Normalization and Global Interest Rates /

As the Federal Reserve continues to normalize its monetary policy, this paper studies the impact of U.S. interest rates on rates in other countries. We find a modest but nontrivial pass-through from U.S. to domestic short-term interest rates on average. We show that, to a large extent, this comoveme...

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Autor principal: Caceres, Carlos
Altres autors: Carriere-Swallow, Yan, Demir, Ishak, Gruss, Bertrand
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2016.
Col·lecció:IMF Working Papers; Working Paper ; No. 2016/195
Accés en línia:Full text available on IMF