Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States:
This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate an...
Gespeichert in:
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Weitere Verfasser: | , |
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2009
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Schriftenreihe: | OECD Economics Department Working Papers
no.677 |
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate and short and long interest rates, the change in credit availability, corporate bond spreads and household wealth are taken into account to gauge the evolution of financial conditions. Since the onset of the financial crisis, financial conditions have tightened by an unprecedented degree in the four countries/regions and this is evaluated to exert a major drag on activity. |
Beschreibung: | 1 Online-Ressource (39 p.) 21 x 29.7cm. |
DOI: | 10.1787/226365806132 |
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520 | |a This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate and short and long interest rates, the change in credit availability, corporate bond spreads and household wealth are taken into account to gauge the evolution of financial conditions. Since the onset of the financial crisis, financial conditions have tightened by an unprecedented degree in the four countries/regions and this is evaluated to exert a major drag on activity. | ||
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indexdate | 2024-07-16T15:07:25Z |
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spelling | Guichard, Stéphanie VerfasserIn aut Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States Stéphanie, Guichard, David, Haugh and David, Turner = Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis / Stéphanie, Guichard, David, Haugh et David, Turner Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis Paris OECD Publishing 2009 1 Online-Ressource (39 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.677 This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate and short and long interest rates, the change in credit availability, corporate bond spreads and household wealth are taken into account to gauge the evolution of financial conditions. Since the onset of the financial crisis, financial conditions have tightened by an unprecedented degree in the four countries/regions and this is evaluated to exert a major drag on activity. Economics Euro Area Japan United Kingdom United States Haugh, David MitwirkendeR ctb Turner, David MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/226365806132 Volltext |
spellingShingle | Guichard, Stéphanie Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States Economics Euro Area Japan United Kingdom United States |
title | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States |
title_alt | Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis |
title_auth | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States |
title_exact_search | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States |
title_full | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States Stéphanie, Guichard, David, Haugh and David, Turner = Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis / Stéphanie, Guichard, David, Haugh et David, Turner |
title_fullStr | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States Stéphanie, Guichard, David, Haugh and David, Turner = Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis / Stéphanie, Guichard, David, Haugh et David, Turner |
title_full_unstemmed | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States Stéphanie, Guichard, David, Haugh and David, Turner = Quantifier l'impact des conditions financières dans la Zone Euro, le Japon, le Royaume-Uni et les États-Unis / Stéphanie, Guichard, David, Haugh et David, Turner |
title_short | Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States |
title_sort | quantifying the effect of financial conditions in the euro area japan united kingdom and united states |
topic | Economics Euro Area Japan United Kingdom United States |
topic_facet | Economics Euro Area Japan United Kingdom United States |
url | https://doi.org/10.1787/226365806132 |
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