Spillovers more widespread than previously thought – Boston Fed

monetary aggregates

Many middle- and high-income central banks cause spillovers through bond pricing, and these affect the US and other developed countries, a researcher with the Federal Reserve Bank of Boston finds.

“Central banks, especially the Federal Reserve, are affected by greater spillovers than is commonly believed,” says economist Christopher Cotton. Spillovers modify interest rates in other countries, even those with independent monetary policy and a floating interest rate.

Previous research has tended

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.