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Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/quantifying-the-effect-of-financial-conditions-in-the-euro-area-japan-united-kingdom-and-united-states_226365806132.html
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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...
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