The great moderation and the decoupling of monetary policy from long-term rates in the U.S. and Germany
"We apply the asymmetric ARDL model advanced by Shin, Yu and Greenwood-Nimmo (2009) to the analysis of the patterns of pass-through from policy-controlled interest rates to a variety of longer-term rates in the U.S. and Germany. Our results reveal three main phenomena. Firstly, while the effect...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2010
HBS |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19183410124919016929-The-great-moderation-and-the-d.htm |
