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Interest Rate Surprises

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Release : 2022
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Interest Rate Surprises by : Ricardo Nunes

Download or read book Interest Rate Surprises written by Ricardo Nunes. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Surprises and Interest Rates

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Author :
Release : 2000
Genre :
Kind : eBook
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Book Synopsis Monetary Policy Surprises and Interest Rates by : Kenneth N. Kuttner

Download or read book Monetary Policy Surprises and Interest Rates written by Kenneth N. Kuttner. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt:

Unanticipated Money and Interest Rates

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Author :
Release : 1984
Genre : Interest rates
Kind : eBook
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Book Synopsis Unanticipated Money and Interest Rates by : V. Vance Roley

Download or read book Unanticipated Money and Interest Rates written by V. Vance Roley. This book was released on 1984. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Anticipation and Surprises in Central Bank Interest Rate Policy

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Author :
Release : 1998-04-01
Genre : Business & Economics
Kind : eBook
Book Rating : 198/5 ( reviews)

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Book Synopsis Anticipation and Surprises in Central Bank Interest Rate Policy by : International Monetary Fund

Download or read book Anticipation and Surprises in Central Bank Interest Rate Policy written by International Monetary Fund. This book was released on 1998-04-01. Available in PDF, EPUB and Kindle. Book excerpt: Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is applied to estimate the response of Euro-deutsch mark interest rates to adjustments in the Bundesbank’s Lombard and discount rates. The results shed light on the efficiency of this market and on the scope for policy signaling by the central bank.

Money Surprises and Short-term Interest Rates

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Author :
Release : 1982
Genre : Interest
Kind : eBook
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Book Synopsis Money Surprises and Short-term Interest Rates by : John H. Makin

Download or read book Money Surprises and Short-term Interest Rates written by John H. Makin. This book was released on 1982. Available in PDF, EPUB and Kindle. Book excerpt: This note attempts to reconcile contradictory findings regarding the impact of money surprises on short term interest rates. Expectations effects regarding anticipated monetary policy and anticipated inflation suggest a positive relationship. Liquidity and output effects of monetary surprises suggest a negative relationship. It is shown that intra-day data and end-of-period data will capture expectations effects while period average data will capture liquidity/output effects. Seemingly contradictory results are reconciled by differences in dependent variables employed by various authors

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