Monetary Policy, Inflation Persistence and the Term Structure of Interest Rates: Estimates for the United Kingdom, Germany and the United States

1998 ◽  
pp. 163-197
Author(s):  
Jagjit S. Chadha ◽  
Joe A. Ganley
Keyword(s):  
United States ◽  
Monetary Policy ◽  
United Kingdom ◽  
Interest Rates ◽  
Term Structure ◽  
The United States ◽  
Inflation Persistence ◽  
The United Kingdom

Monetary Trends in the United States and the United Kingdom, 1878–1970: Selected Findings

1975 ◽  
Vol 35 (1) ◽  
pp. 138-159 ◽  
Author(s):  
Anna Jacobson Schwartz
Keyword(s):  
United States ◽  
United Kingdom ◽  
Interest Rates ◽  
The United States ◽  
Rate Of Change ◽  
Final Phase ◽  
Expansion Phase ◽  
Rates Of Change ◽  
The United Kingdom ◽  
Successive Phase

Milton Friedman and I have been engaged for some time in a study of the characteristic behavior of the quantity of money over long periods in relation to income, prices, and interest rates m the United States and the United Kingdom. In our study, our observations of levels are the average annual values of each variable during cyclical phases, starting with the expansion phase of 1878–1882 in the United States and 1879–1883 in the United Kingdom, and ending with the final phase that can be marked off for each country, respectively, 1969–1970 and 1968–1969. In all, we have forty-five observations of levels for the United States, and thirtythree for the United Kingdom. In addition to levels of observation, we also examine rates of change, which we express as the slopes of least-squares lines connecting three successive phase averages. For each country, the rate-of-change observations are two fewer than the number of level observations.

Chapter II. The World Economy

1991 ◽  
Vol 136 ◽  
pp. 34-59
Author(s):  
Andrew Gurney ◽  
Jan Willem In't Veld ◽  
Ray Barrell
Keyword(s):  
United States ◽  
Monetary Policy ◽  
United Kingdom ◽  
Interest Rates ◽  
World Economy ◽  
The United States ◽  
National Accounts ◽  
Short Term ◽  
Percentage Points ◽  
The World

GNP growth in the major seven economies continues to decline from the cyclical peak reached in 1988. The latest national accounts statistics show that all major seven economies are now growing more slowly than they did last year, with the United States, United Kingdom and Canada in recession. This slowdown in activity appears to have been caused primarily by the tightening of monetary policy that occurred between 1988 and 1990. Short-term interest rates rose by 4.4 percentage points in Germany between 1987 and 1990, by 3 percentage points in Japan between 1987 and 1990, and by 2.2 per cent in the United States between 1987 and 1989.

MONETARY POLICY AND GOVERNMENT DEBT MANAGEMENT DURING THE CORONAVIRUS PANDEMIC

2021 ◽  
Vol 255 ◽  
pp. 79-84
Author(s):  
William A. Allen
Keyword(s):  
United States ◽  
Monetary Policy ◽  
Interest Rates ◽  
The United States ◽  
Central Banks ◽  
Debt Management ◽  
Budget Deficits ◽  
Short Term ◽  
Government Bonds ◽  
The United Kingdom

This paper describes how the large budget deficits of 2020 in the United States and the United Kingdom were financed, how central banks are in practice managed not just short-term interest rates but also yields on government bonds, and how their ability to resist a post-coronavirus surge in inflation has been compromised.

Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices and Interest Rates, 1867-1975.

Economica ◽  
1984 ◽  
Vol 51 (202) ◽  
pp. 205
Author(s):  
M. J. Artis ◽  
Milton Friedman ◽  
Anna J. Schwartz
Keyword(s):  
United States ◽  
United Kingdom ◽  
Interest Rates ◽  
The United States ◽  
The United Kingdom
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