The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime /

This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect is ce...

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Dettagli Bibliografici
Autore principale: Di Giovanni, Julian
Altri autori: Shambaugh, Jay
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2006.
Serie:IMF Working Papers; Working Paper ; No. 2006/037
Accesso online:Full text available on IMF