Monetary policy and long term interest rates in Germany

被引：16

作者：

Peersman, G

机构：

[1] State Univ Ghent, London EC2R 8AH, England

[2] Bank England, Int Econ Anal Div, London EC2R 8AH, England

来源：

ECONOMICS LETTERS | 2002年 / 77卷 / 02期

关键词：

monetary policy; term structure of interest rates; SVARs;

D O I：

10.1016/S0165-1765(02)00135-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we provide new empirical evidence on the relationship between short and long run interest rates for Germany. We find a positive correlation after a supply and demand shock and a negative correlation after a monetary policy shock. This finding is consistent with the theory of Ellingsen and Soderstrom [American Economic Review 2001;91(5):1594-1607]. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：271 / 277

页数：7

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