Interest rate dynamics, interest rate expectations and the operational framework of central banks:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Aachen
Shaker-Verl.
2010
|
| Series: | Berichte aus der Volkswirtschaft
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VIII, 122 S. graph. Darst. |
| ISBN: | 9783832293208 |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV036718250 | ||
| 003 | DE-604 | ||
| 005 | 20110114 | ||
| 007 | t | ||
| 008 | 101013s2010 gw d||| m||| 00||| eng d | ||
| 015 | |a 10,N36 |2 dnb | ||
| 016 | 7 | |a 1006541462 |2 DE-101 | |
| 020 | |a 9783832293208 |c PB. : EUR 45.80, EUR 45.80 (AT), sfr 91.60 (freier Pr.) |9 978-3-8322-9320-8 | ||
| 024 | 3 | |a 9783832293208 | |
| 035 | |a (OCoLC)686762453 | ||
| 035 | |a (DE-599)DNB1006541462 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a gw |c XA-DE-NW | ||
| 049 | |a DE-N2 |a DE-355 |a DE-945 |a DE-12 |a DE-188 | ||
| 082 | 0 | |a 332.113 |2 22/ger | |
| 084 | |a QK 600 |0 (DE-625)141666: |2 rvk | ||
| 084 | |a QK 900 |0 (DE-625)141685: |2 rvk | ||
| 084 | |a 330 |2 sdnb | ||
| 100 | 1 | |a Schmidt, Sandra |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Interest rate dynamics, interest rate expectations and the operational framework of central banks |c Sandra Schmidt |
| 264 | 1 | |a Aachen |b Shaker-Verl. |c 2010 | |
| 300 | |a VIII, 122 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Berichte aus der Volkswirtschaft | |
| 502 | |a Zugl.: Berlin, Freie Univ., Diss., 2010 | ||
| 650 | 0 | 7 | |a Erwartungsbildung |0 (DE-588)4193073-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Zinsstruktur |0 (DE-588)4067855-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Transmissionsmechanismus |0 (DE-588)4117242-5 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Notenbank |0 (DE-588)4042669-5 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Notenbank |0 (DE-588)4042669-5 |D s |
| 689 | 0 | 1 | |a Geldpolitik |0 (DE-588)4019902-2 |D s |
| 689 | 0 | 2 | |a Zinsstruktur |0 (DE-588)4067855-6 |D s |
| 689 | 0 | 3 | |a Erwartungsbildung |0 (DE-588)4193073-3 |D s |
| 689 | 0 | 4 | |a Transmissionsmechanismus |0 (DE-588)4117242-5 |D s |
| 689 | 0 | |C DE-188 |5 DE-604 | |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020636184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-020636184 | ||
Record in the Search Index
| _version_ | 1804143365497815040 |
|---|---|
| adam_text | CONTENTS LIST OF ORIGINAL WORKING PAPERS 3 ACKNOWLEDGEMENTS 5 LIST OF
FIGURES V LIST OF TABLES VII 1 SUMMARY 1 1.1 IMPLEMENTATION OF MONETARY
POLICY IN THE OVERNIGHT MARKET . 2 1.2 CENTRAL BANK COMMUNICATION AND
INTEREST RATE EXPECTATIONS . 5 2 ZUSAMMENFASSUNG 7 2.1 IMPLEMENTIERUNG
VON GELDPOLITIK AM GELDMARKT 8 2.2 ZENTRALBANKKOMMUNIKATION UND
ZINSERWARTUNGEN 11 3 WHAT EXPLAINS THE SPREAD BETWEEN THE EURO OVERNIGHT
RATE AND THE ECB S POLICY RATE? 13 I BIBLIOGRAFISCHE INFORMATIONEN
HTTP://D-NB.INFO/1006541462 DIGITALISIERT DURCH CATION REGIMES 59 II
CONTENTS 3.1 INTRODUCTION 13 3.2 THE EVOLUTION OF THE EONIA SPREAD 16
3.3 THE DETERMINANTS OF THE EONIA SPREAD: THEORETICAL PREDIC- TIONS 18
3.4 EMPIRICAL MODEL AND RESULTS 30 3.4.1 ESTIMATION RESULTS 31 3.4.2
ECONOMIC SIGNIFICANCE 37 3.5 CONCLUSIONS 39 3.6 APPENDIX 41 3.6.1
LIQUIDITY DEFICIT 41 3.6.2 UNIT ROOT TESTS 42 3.6.3 DETAILED ESTIMATION
RESULTS AND ROBUSTNESS CHECKS . . 43 REFERENCES 51 4 MONETARY POLICY
IMPLEMENTATION AND THE FEDERAL FUNDS RATE 53 4.1 INTRODUCTION 53 4.2 THE
INCREASING IMPORTANCE OF THE FEDERAL FUNDS TARGET RATE IN THE
IMPLEMENTATION OF MONETARY POLICY 56 4.2.1 THE COMMUNICATION OF THE
FEDERAL FUNDS TARGET RATE . 56 4.2.2 INTEREST RATE SPREADS AND MONETARY
POLICY COMMUNI- 5.3 THE MONETARY POLICY SETUP 97 CONTENTS III 4.3 THE
DECLINING ROLE OF RESERVE REQUIREMENTS IN THE IMPLEMEN- TATION OF
MONETARY POLICY 62 4.3.1 RESERVE REQUIREMENTS AND INTEREST RATE
VOLATILITY ... 62 4.3.2 RESERVE ACCOUNTING RULES AND INTEREST RATE
VOLATILITY . 66 4.4 AN EMPIRICAL MODEL OF THE FEDERAL FUNDS RATE 69
4.4.1 THE ECONOMETRIC SPECIFICATION 69 4.4.2 EMPIRICAL RESULTS FOR
FEDERAL FUNDS RATE DYNAMICS AND VOLATILITY 72 4.5 CONCLUSIONS 76 4.6
APPENDIX 78 4.6.1 FIGURES 78 4.6.2 ALTERNATIVE MEASURES FOR REQUIRED
RESERVES 79 4.6.3 STATIONARITY TESTS 80 4.6.4 FEDERAL FUNDS RATE
BEHAVIOR AND THE MARTINGALE HY- POTHESIS 80 REFERENCES 81 5 THE
PERCEPTION OF ECB POLICY BY MARKET PARTICIPANTS: EV- IDENCE FROM SURVEY
DATA 90 5.1 INTRODUCTION 90 5.2 THE EXPLORATION OF SURVEY EXPECTATIONS
IN THE LI TENITURE ... 93 REFERENCES 119 IV CONTENTS 5.4 THE
CONSTRUCTION OF INDIVIDUAL INTEREST RATE FORECAST ERRORS . 99 5.5 PANEL
ESTIMATION OF THE INTEREST RATE FORECAST ERRORS 101 5.6 EMPIRICAL
EVIDENCE ABOUT MONETARY POLICY UNCERTAINTY . . . 104 5.7 CONCLUSIONS 107
5.8 APPENDIX 110 5.8.1 MORE DETAILS ABOUT THE DATA 110 5.8.2 DESCRIPTION
OF VARIABLES ILL 5.8.3 DERIVATION OF THE ESTIMATED EQUATION ILL 5.8.4
DETAILED ESTIMATION RESULTS 112 5.8.5 ESTIMATION WITH CORRELATED RANDOM
COEFFICIENTS .... 113 5.8.6 ESTIMATION WITH INTEREST RATE SMOOTHING 115
|
| any_adam_object | 1 |
| author | Schmidt, Sandra |
| author_facet | Schmidt, Sandra |
| author_role | aut |
| author_sort | Schmidt, Sandra |
| author_variant | s s ss |
| building | Verbundindex |
| bvnumber | BV036718250 |
| classification_rvk | QK 600 QK 900 |
| ctrlnum | (OCoLC)686762453 (DE-599)DNB1006541462 |
| dewey-full | 332.113 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.113 |
| dewey-search | 332.113 |
| dewey-sort | 3332.113 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02236nam a2200541 c 4500</leader><controlfield tag="001">BV036718250</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110114 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">101013s2010 gw d||| m||| 00||| eng d</controlfield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">10,N36</subfield><subfield code="2">dnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">1006541462</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783832293208</subfield><subfield code="c">PB. : EUR 45.80, EUR 45.80 (AT), sfr 91.60 (freier Pr.)</subfield><subfield code="9">978-3-8322-9320-8</subfield></datafield><datafield tag="024" ind1="3" ind2=" "><subfield code="a">9783832293208</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)686762453</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB1006541462</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">gw</subfield><subfield code="c">XA-DE-NW</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-N2</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-945</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.113</subfield><subfield code="2">22/ger</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 600</subfield><subfield code="0">(DE-625)141666:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 900</subfield><subfield code="0">(DE-625)141685:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">330</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Schmidt, Sandra</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Interest rate dynamics, interest rate expectations and the operational framework of central banks</subfield><subfield code="c">Sandra Schmidt</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Aachen</subfield><subfield code="b">Shaker-Verl.</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VIII, 122 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Berichte aus der Volkswirtschaft</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">Zugl.: Berlin, Freie Univ., Diss., 2010</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Erwartungsbildung</subfield><subfield code="0">(DE-588)4193073-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Zinsstruktur</subfield><subfield code="0">(DE-588)4067855-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Transmissionsmechanismus</subfield><subfield code="0">(DE-588)4117242-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Notenbank</subfield><subfield code="0">(DE-588)4042669-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Notenbank</subfield><subfield code="0">(DE-588)4042669-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Zinsstruktur</subfield><subfield code="0">(DE-588)4067855-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Erwartungsbildung</subfield><subfield code="0">(DE-588)4193073-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="4"><subfield code="a">Transmissionsmechanismus</subfield><subfield code="0">(DE-588)4117242-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="C">DE-188</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020636184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-020636184</subfield></datafield></record></collection> |
| genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Aufsatzsammlung Hochschulschrift |
| id | DE-604.BV036718250 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:46:30Z |
| institution | BVB |
| isbn | 9783832293208 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020636184 |
| oclc_num | 686762453 |
| open_access_boolean | |
| owner | DE-N2 DE-355 DE-BY-UBR DE-945 DE-12 DE-188 |
| owner_facet | DE-N2 DE-355 DE-BY-UBR DE-945 DE-12 DE-188 |
| physical | VIII, 122 S. graph. Darst. |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Shaker-Verl. |
| record_format | marc |
| series2 | Berichte aus der Volkswirtschaft |
| spelling | Schmidt, Sandra Verfasser aut Interest rate dynamics, interest rate expectations and the operational framework of central banks Sandra Schmidt Aachen Shaker-Verl. 2010 VIII, 122 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Berichte aus der Volkswirtschaft Zugl.: Berlin, Freie Univ., Diss., 2010 Erwartungsbildung (DE-588)4193073-3 gnd rswk-swf Zinsstruktur (DE-588)4067855-6 gnd rswk-swf Transmissionsmechanismus (DE-588)4117242-5 gnd rswk-swf Notenbank (DE-588)4042669-5 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content Notenbank (DE-588)4042669-5 s Geldpolitik (DE-588)4019902-2 s Zinsstruktur (DE-588)4067855-6 s Erwartungsbildung (DE-588)4193073-3 s Transmissionsmechanismus (DE-588)4117242-5 s DE-188 DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020636184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Schmidt, Sandra Interest rate dynamics, interest rate expectations and the operational framework of central banks Erwartungsbildung (DE-588)4193073-3 gnd Zinsstruktur (DE-588)4067855-6 gnd Transmissionsmechanismus (DE-588)4117242-5 gnd Notenbank (DE-588)4042669-5 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)4193073-3 (DE-588)4067855-6 (DE-588)4117242-5 (DE-588)4042669-5 (DE-588)4019902-2 (DE-588)4143413-4 (DE-588)4113937-9 |
| title | Interest rate dynamics, interest rate expectations and the operational framework of central banks |
| title_auth | Interest rate dynamics, interest rate expectations and the operational framework of central banks |
| title_exact_search | Interest rate dynamics, interest rate expectations and the operational framework of central banks |
| title_full | Interest rate dynamics, interest rate expectations and the operational framework of central banks Sandra Schmidt |
| title_fullStr | Interest rate dynamics, interest rate expectations and the operational framework of central banks Sandra Schmidt |
| title_full_unstemmed | Interest rate dynamics, interest rate expectations and the operational framework of central banks Sandra Schmidt |
| title_short | Interest rate dynamics, interest rate expectations and the operational framework of central banks |
| title_sort | interest rate dynamics interest rate expectations and the operational framework of central banks |
| topic | Erwartungsbildung (DE-588)4193073-3 gnd Zinsstruktur (DE-588)4067855-6 gnd Transmissionsmechanismus (DE-588)4117242-5 gnd Notenbank (DE-588)4042669-5 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Erwartungsbildung Zinsstruktur Transmissionsmechanismus Notenbank Geldpolitik Aufsatzsammlung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020636184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT schmidtsandra interestratedynamicsinterestrateexpectationsandtheoperationalframeworkofcentralbanks |