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Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area
Ms.Carolina Osorio
Mr.Esteban Vesperoni
出版
International Monetary Fund
, 2016-09-27
主題
Business & Economics / Investments & Securities / Bonds
Business & Economics / Foreign Exchange
Business & Economics / Money & Monetary Policy
ISBN
1475541481
9781475541489
URL
http://books.google.com.hk/books?id=4rLRDQAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
This report analyzes the possible spillover effects that could result if the U.S. normalizes its monetary policy while euro area countries are increasing monetary stimulus (a situation referred to as asynchronous monetary conditions). This analysis identifies country-specific shocks to economic activity and monetary conditions since the early 1990s, finding that real and monetary conditions in the United States and the euro area have oftentimes been asynchronous and have often resulted in significant spillover effects, particularly since early 2014.