Purpose–Previous literature for the relations between the market interest rates and the
targeted or target rate of the Federal Reserve paid little attention to Eurodollar market rates …

The effectiveness of monetary policy critically depends upon how well the transmission
mechanism functions, so that the desired impact on output and inflation is achieved. The …

After introduction of Euro since January 2009 the Slovak Republic does not perform its
independent monetary policy but is affected by the Euro area policy including common …

Many central banks, particularly in the developing world, aim for exchange rate stability as a
macroeconomic goal. However, most are reluctant to relinquish monetary policy autonomy …

A growing body of empirical literature has established interest rate rules as a convenient
way to model and interpret monetary policy. However, as pointed out by Rudebusch (1998) …

Can monetary policy influence long‐term interest rates? Studies that have tackled this
question using vector autoregressions (VARs) generally find that monetary policy's influence …

There is more consensus on the effects of monetary policy than its transmission mechanism.
Two channels of transmission mechanisms are the conventional interest rate channel and …

Using a panel data set of the 28 EU countries from 1970 to 2015, we study the nature of
monetary and fiscal policies of both respective authorities and assess how economic and …

A vector autoregression with time-varying parameters is used to characterize changes in
Federal Reserve policy that occurred from 2000 through 2007 and describe how they …

In this paper, we explore the effects of the Bank of Japan's (BOJ's) policy commitment under
zero interest rates on the economy, by considering the transmission channel of altering …