全球智库信息集成服务系统(G2TT): Unanticipated Money and Interest Rates

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w1278
来源ID	Working Paper 1278
	Unanticipated Money and Interest Rates
	V. Vance Roley; Carl E. Walsh
发表日期	1984-02-01
出版年	1984
语种	英语
摘要	Evidence on the relationship between unanticipated money and interestrates has been provided by two types of studies. First, several researchers have investigated the relationship using quarterly data. Second, a number of researchers have examined the effect of money announcement surprises on interest rates. In both instances, the correlation between money surprises and interest rates has usually been found to be non-negative.This paper first provides an interpretation of the correlation between unanticipated money and interest rates in terms of Federal Reserve policy objectives and operating procedures. Then, the correlation of unanticipated money and both short- and long-term interest rates is examined over weekly intervals, combining several aspects of the previous quarterly and announcement studies. In addition, the distinction between unpredicted and unperceived money also is considered.
主题	Macroeconomics
URL	https://www.nber.org/papers/w1278
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/558505
推荐引用方式 GB/T 7714	V. Vance Roley,Carl E. Walsh. Unanticipated Money and Interest Rates. 1984.