Federal Reserve Money‐Supply Announcements and the Behaviour of UK Interest Rates
Abstract
The purpose of this note is to examine the impact of US money‐supply announcements on United Kingdom interest rates using weekly data over the period 1977 to 1982. We find some evidence for the proposition that surprise increases in the US money supply increased UK interest rates over our sample period.
Citation
Peel, D.A. and Pope, P.F. (1985), "Federal Reserve Money‐Supply Announcements and the Behaviour of UK Interest Rates", Journal of Economic Studies, Vol. 12 No. 3, pp. 54-60. https://doi.org/10.1108/eb002600
Publisher
:MCB UP Ltd
Copyright © 1985, MCB UP Limited