G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w1313
来源IDWorking Paper 1313
The Effects of Inflation and Money Supply Announcements on Interest Rates
Thomas Urich; Paul Wachtel
发表日期1984-04-01
出版年1984
语种英语
摘要This paper examines the impact of the money supply and inflation rate announcements on interest rates. Survey data on expectations of the money supply and consumer and producer price indexes are used to distinguish anticipated and unanticipated components of the announcements. This distinction is used to test for the efficiency of the financial market response to the announcements of new information. The results indicate that the unanticipated components of the announced changes in the Producers Price Index and in the money supply have an immediate positive effect on short term interest rates.The Consumer Price Index announcement has no apparent effect. There is no evidence of a delayed announcement effect. However, there is some indication of liquidity effect of the money supply change on interest rates. This takes place when reserves are changing and several weeks prior to the information announcement.
主题Macroeconomics
URLhttps://www.nber.org/papers/w1313
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/558548
推荐引用方式
GB/T 7714
Thomas Urich,Paul Wachtel. The Effects of Inflation and Money Supply Announcements on Interest Rates. 1984.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w1313.pdf(230KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Thomas Urich]的文章
[Paul Wachtel]的文章
百度学术
百度学术中相似的文章
[Thomas Urich]的文章
[Paul Wachtel]的文章
必应学术
必应学术中相似的文章
[Thomas Urich]的文章
[Paul Wachtel]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w1313.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。