| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13467 |
| 来源ID | Working Paper 13467 |
| The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime | |
| Julian di Giovanni; Jay C. Shambaugh | |
| 发表日期 | 2007-10-04 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | It is often argued that many economies are affected by conditions in foreign countries. This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high foreign interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect is centered on countries with fixed exchange rates. The paper then examines the potential channels through which major-country interest rates affect other economies. The effect of foreign interest rates on domestic interest rates is the most likely channel when compared with other possibilities, such as a trade effect. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w13467 |
| 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/571141 |
| 推荐引用方式 GB/T 7714 | Julian di Giovanni,Jay C. Shambaugh. The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime. 2007. |
| 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 | ||
| w13467.pdf（309KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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