skip to content
Money Growth and Interest Rates Preview this item
ClosePreview this item
Checking...

Money Growth and Interest Rates

Author: Seok-Kyun Hur
Publisher: Cambridge, Mass. National Bureau of Economic Research 2005.
Series: Working paper series (National Bureau of Economic Research), no. w11102.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Our paper explores a transmission mechanism of monetary policy through bond market. Based on the assumption of delayed responses of economic agents to monetary shocks, we derive a system of equations relating the term structure of interest rates with the past history of money growth rates and test the equations with the US data. Our results confirm that the higher ordered moments of money growth rate(converted from  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Seok-Kyun Hur
OCLC Number: 1027313675
Notes: February 2005.
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Working paper series (National Bureau of Economic Research), no. w11102.
Responsibility: Seok-Kyun Hur.

Abstract:

Our paper explores a transmission mechanism of monetary policy through bond market. Based on the assumption of delayed responses of economic agents to monetary shocks, we derive a system of equations relating the term structure of interest rates with the past history of money growth rates and test the equations with the US data. Our results confirm that the higher ordered moments of money growth rate(converted from the past history of money growth rates) influence the yields of bonds with various maturities in different timing as well as in different magnitudes and monetary policy targeting a certain shape of the term structure of interest rates could be implemented with certain time lags due to path-dependency of interest rates.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1027313675> # Money Growth and Interest Rates
    a schema:CreativeWork, schema:MediaObject, schema:Book ;
    library:oclcnum "1027313675" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/18379240#Place/cambridge_mass> ; # Cambridge, Mass.
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/e52_monetary_policy> ; # E52 - Monetary Policy
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/monetary_policy_united_states> ; # Monetary policy--United States
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/monetary_policy> ; # Monetary policy
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/e43_interest_rates_determination_term_structure_and_effects> ; # E43 - Interest Rates: Determination, Term Structure, and Effects
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Place/united_states> ; # United States.
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/interest_rates_econometric_models> ; # Interest rates--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/18379240#Topic/e44_financial_markets_and_the_macroeconomy> ; # E44 - Financial Markets and the Macroeconomy
    schema:bookFormat schema:EBook ;
    schema:creator <http://experiment.worldcat.org/entity/work/data/18379240#Person/hur_seok_kyun> ; # Seok-Kyun Hur
    schema:datePublished "2005" ;
    schema:description "Our paper explores a transmission mechanism of monetary policy through bond market. Based on the assumption of delayed responses of economic agents to monetary shocks, we derive a system of equations relating the term structure of interest rates with the past history of money growth rates and test the equations with the US data. Our results confirm that the higher ordered moments of money growth rate(converted from the past history of money growth rates) influence the yields of bonds with various maturities in different timing as well as in different magnitudes and monetary policy targeting a certain shape of the term structure of interest rates could be implemented with certain time lags due to path-dependency of interest rates."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/18379240> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/18379240#Series/nber_working_paper_series> ; # NBER working paper series
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/18379240#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:name "Money Growth and Interest Rates"@en ;
    schema:productID "1027313675" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1027313675#PublicationEvent/cambridge_mass_national_bureau_of_economic_research2005> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/18379240#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://VH7QX3XE2P.search.serialssolutions.com/?V=1.0&L=VH7QX3XE2P&S=AC_T_B&C=Money%20Growth%20and%20Interest%20Rates&T=marc&tab=BOOKS> ;
    schema:url <http://www.nber.org/papers/w11102> ;
    schema:url <http://papers.nber.org/papers/w11102> ;
    schema:url <http://www.library.yorku.ca/e/resolver/id/1955239> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1027313675> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/18379240#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Person/hur_seok_kyun> # Seok-Kyun Hur
    a schema:Person ;
    schema:familyName "Hur" ;
    schema:givenName "Seok-Kyun" ;
    schema:name "Seok-Kyun Hur" ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
    schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Place/united_states> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Series/nber_working_paper_series> # NBER working paper series
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027313675> ; # Money Growth and Interest Rates
    schema:name "NBER working paper series" ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1027313675> ; # Money Growth and Interest Rates
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Topic/e43_interest_rates_determination_term_structure_and_effects> # E43 - Interest Rates: Determination, Term Structure, and Effects
    a schema:Intangible ;
    schema:name "E43 - Interest Rates: Determination, Term Structure, and Effects"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Topic/e44_financial_markets_and_the_macroeconomy> # E44 - Financial Markets and the Macroeconomy
    a schema:Intangible ;
    schema:name "E44 - Financial Markets and the Macroeconomy"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Topic/e52_monetary_policy> # E52 - Monetary Policy
    a schema:Intangible ;
    schema:name "E52 - Monetary Policy"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Topic/interest_rates_econometric_models> # Interest rates--Econometric models
    a schema:Intangible ;
    schema:name "Interest rates--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/18379240#Topic/monetary_policy_united_states> # Monetary policy--United States
    a schema:Intangible ;
    schema:name "Monetary policy--United States"@en ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.