- Additional Authors
- Description
- 40 p.; 21 x 29.7cm.
- Summary
- 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 credit availability, corporate bond spreads and household wealth are taken into account to gauge the evolution of financial conditions. Since the onset of the financial crisis, financial conditions have tightened by an unprecedented degree in the four countries/regions and this is evaluated to exert a major drag on activity.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.677
- Uniform Title
- OECD Economics Department Working Papers, no.677.
- Subject
- LCCN
- 10.1787/226365806132
- OCLC
- oecd-lib-004909
- Author
Guichard, Stéphanie.
- Title
Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States [electronic resource] / Stéphanie Guichard, David Haugh and David Turner
- Imprint
Paris : OECD Publishing, 2009.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.677
OECD Economics Department Working Papers, 1815-1973 ; no.677.
- Connect to:
- Indexed Term
Economics
Euro Area
Japan
United Kingdom
United States
- Added Author
Haugh, David.
Turner, David.
- Other Standard Identifier
10.1787/226365806132 doi