MONETARY INTERDEPENDENCE AMONG G-3 COUNTRIES

被引：6

作者：

CHUNG, JW

机构：

[1] Department of Economics, George Mason University, Fairfax, VA

来源：

APPLIED ECONOMICS | 1993年 / 25卷 / 05期

关键词：

D O I：

10.1080/00036849300000014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper uses vector autoregressions to investigate the interdependence of the monetary policies of the central banks of Germany, Japan and the United States. Granger-Sims causalities and innovation accounting mechanisms suggest that trilateral linkages are strong and complex. The results imply that the influence of foreign central banks' policies limit each central bank's capacity to determine an independent domestic policy.

引用

页码：681 / 688

页数：8

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