| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1705 |
| 来源ID | Working Paper 1705 |
| Interest Rates, Money Supply Announcements, and Monetary Base Announcements | |
| John Huizinga; Leonardo Leiderman | |
| 发表日期 | 1985-09-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | This paper presents a new set of empirical regularities on the link between interest rates, money supply announcements and monetary base announcements. Among the main findings reported are: (i) unexpected increases in the announced monetary base have a significantly positive effect on interest rates during the period from October 1979 to October 1982; (ii) although unexpected money supply and monetary base announcements have the same impact on interest rates, they have different implications for the future behavior of the money supply and monetary base; (iii) the significant response of longer-term interest rates to unexpected monetary announcements is reflecting a response of current and expected future short-term rates -- i.e.term-structure premia are not altered by these announcements. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w1705 |
| 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/558948 |
| 推荐引用方式 GB/T 7714 | John Huizinga,Leonardo Leiderman. Interest Rates, Money Supply Announcements, and Monetary Base Announcements. 1985. |
| 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 | ||
| w1705.pdf（866KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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