Money Market Rates and Implied CCAPM Rates: Some International Evidence

Preprint OPEN
Yamin Ahmad;
(2002)
  • Subject: Consumption Euler equation, Monetary Policy Shocks, Transmission Mechanism.
    • jel: jel:E43 | jel:E52 | jel:E58 | jel:E00 | jel:E

New Neoclassical Synthesis models equate the instrument of monetary policy to the implied CCAPM rate arising from an Euler equation. This paper identifies monetary policy shocks within six of the G7 countries and examines the movement of money market and implied CCAPM r... View more
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