An Empirical Study on the Impact of Monetary Policy on the Bond Market in China

2019 ◽  
Vol 15 (6) ◽  
pp. 105-120
Author(s):  
Byung-Jin Yim ◽  
Yefei Huang
Keyword(s):  
Monetary Policy ◽  
Empirical Study ◽  
Bond Market ◽  
The Impact

scholarly journals How US wages effect post-socialist European stock markets: an empirical study

2018 ◽  
Vol 7 (4) ◽  
pp. 179 ◽  
Author(s):  
Deniz Ilalan
Keyword(s):  
Monetary Policy ◽  
Empirical Study ◽  
Stock Markets ◽  
Stock Exchanges ◽  
Hourly Wage ◽  
Fed Funds Rate ◽  
Average Hourly Wage ◽  
Wage Increases ◽  
European Stock Markets ◽  
The Impact

Following the famous tapering speech of Bernanke on 2013, US non-farm payroll data became the leading indicator for the monetary policy of Fed. After midst of 2014 Fed shifted its attention to average hourly wage increases which was regarded as the determinant of inflation. As inflation is closely linked with possible increments of Fed funds rate, investors began to follow US wages more closely. We investigate the impact of US wages especially through concentrating on some Post-Socialist European stock markets. As US wages are found to Granger cause these stock exchanges, interestingly with domestic wages, a similar causation relation could not be achieved. This brings out the question whether wages are indeed an indicator for stock markets or not. 

Wertpapierpensionsgeschäfte. Empirische Analyse der Wirkung des Zinstendersatzes auf die Marktzinsen / Repurchase Agreements. An Empirical Analysis of the Impact on Market Interest Rates

1995 ◽  
Vol 214 (2) ◽  
Author(s):  
Johannes Jaenicke
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Interest Rates ◽  
Granger Causality ◽  
Bond Market ◽  
Strong Impact ◽  
Empirische Analyse ◽  
The Interest Rate ◽  
Repurchase Agreements ◽  
The Impact

SummaryThis paper examines the influence of monetary policy on market interest rates by testing for Granger-causality between the rates for interest rate tender and the interbank call money rates and the bond-market rates respectively. The direkt Granger test and a modified Hsiao test are used and a possible structural brake is taken into account. The results did not support the hypothesis that the Bundesbank influences the market interest rates with the rates for repurchase agreements but indicate that the interbank call money rates have a strong impact on the interest rate fixing of the Bundesbank.

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

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