Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
965863 | Journal of Macroeconomics | 2013 | 13 Pages |
Abstract
⺠We study the synchronization and interdependence of international interest rates. ⺠Bi-directional feedback measures and appropriate STECM are estimated. ⺠We find evidence of increasing synchronization of these rates during 2005-2009. ⺠Interest rates converge nonlinearly towards a common long-run equilibrium. ⺠Underlying monetary policies are strongly interdependent, but slightly synchronous.
Related Topics
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Economics and Econometrics
Authors
Mohamed Arouri, Fredj Jawadi, Duc Khuong Nguyen,