U.S. Influences on Foreign Monetary Policy

Richard Sheehan

Journal of Money, Credit and Banking, 1992, vol. 24, issue 4, 447-64

Abstract: While the determinants of U.S. money growth have been intensively examined, the determinants of foreign money growth have been relatively overlooked. This study employs an IS/LM/aggregate supply model to examine what variables influence money growth in seven countries. Particular attention is devoted to the impact of U.S. variables on these countries' money growth rates. The results suggest that the determinants of money growth rates vary substantially across countries and over time. The estimation results also suggest differences between short-run and long-run responses. In addition, all countries' money growth rates are significantly influenced by U.S. variables. Copyright 1992 by Ohio State University Press.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://links.jstor.org/sici?sici=0022-2879%2819921 ... 0.CO%3B2-F&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:24:y:1992:i:4:p:447-64

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing (jdl@wiley.com) and Christopher F. Baum (baum@bc.edu).