How Much Inevitable US-Euro Area Interdependence Is There in Monetary Policy?

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Series Details Vol.43, No.6, November-December 2008, p341-348
Publication Date November 2008
ISSN 0020-5346
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[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Against the backdrop of the present international financial and economic crisis this article looks into the issue of the interdependence of US monetary policy and monetary policy in the euro area. Is there a significant interdependence? If so, what is the nature and intensity of this interdependence? Has the ECB been influenced by the Fed or vice versa and to what degree? Has the relationship changed in recent years, and if so, in what direction?

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