Equal Size, Equal Role? Interest Rate Interdependence Between the Euro area and the United States
Bibliographic Data
| ID | 9704936 |
|---|---|
| Authors | Michael Ehrmann (0000-0002-1927-260X, European Central Bank), Marcel Fratzscher (0000-0001-6592-6646, European Central Bank) |
| Year | 2005 |
| Volume | 115 |
| Issue | 506 |
| Pages | 928-948 |
| Publication date | 2005-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2005.01025.x |
| OpenAlex | W2109026940 |
| Language | EN |
| Citations received | 8 |
| References cited | 14 |
This article investigates whether the degree of interdependence between the US and the euro area has changed with EMU by analysing the effects of monetary policy and macroeconomic news on daily interest rates in the two economies. The article finds a strongly increased interdependence of money markets around EMU. Spillover effects from the US to the euro area remain stronger than in the opposite direction, but US markets have started reacting to euro area developments. In recent years certain US macroeconomic news affect euro area money markets and have become good leading indicators for the euro area. Copyright 2005 Royal Economic Society
China · Economic interdependence · Economics · Geography · Interest rate · International economics · Macroeconomics · Monetary economics · Monetary policy · Spillover effect · Global Financial Crisis and Policies · Italy: Economic History and Contemporary Issues · Monetary Policy and Economic Impact
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| Unique citing works | 8 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2002 - 2025 (24) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |