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