Title:

Monetary Policy Across Space and Time, No. 19-08

PREVIOUS | NEXT

Monetary Policy Across Space and Time, No. 19-08

DATE: August 2019

PART OF: AUTHORS: CONTRIBUTING AUTHOR:

ABSTRACT: Many major macroeconomic events have occurred across multiple countries. This Economic Brief looks at similarities and differences among the euro area, the United Kingdom, and the United States and finds that macroeconomic variables tend to become more interconnected during periods of financial distress. Movements in monetary policy are highly correlated across all three regions. In addition, inflation and unemployment become less responsive to monetary policy shocks over time.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Liu, Laura , Matthes, Christian, 1979- , Petrova, Katerina , Romero, Jessica Sackett and Federal Reserve Bank of Richmond. "Monetary Policy Across Space and Time, No. 19-08," Economic Brief (August 2019). https://fraser.stlouisfed.org/title/6034/item/584388, accessed on May 17, 2022.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)