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Has the U.S. economy become less interest rate sensitive?

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Listed:
  • Guangye Cao
  • Jonathan L. Willis

Abstract

Jonathan Willis and Guangye Cao investigate shifts in the economy?s sensitivity to interest rates by examining how total employment responds to changes in monetary policy.

Suggested Citation

  • Guangye Cao & Jonathan L. Willis, 2015. "Has the U.S. economy become less interest rate sensitive?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 5-36.
    • Handle: RePEc:fip:fedker:00027
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    References listed on IDEAS

    as
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    Cited by:

    1. Bloesch, Justin & Weber, Jacob P., 2021. "Structural Changes in Investment and the Waning Power of Monetary Policy," SocArXiv 7zhqp, Center for Open Science.
    2. Bauer, Michael D. & Offner, Eric A. & Rudebusch, Glenn D., 2024. "Green stocks and monetary policy shocks: Evidence from Europe," IMFS Working Paper Series 215, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    3. Delis, Manthos D. & Iosifidi, Maria & Mylonidis, Nikolaos, 2021. "Industry heterogeneity in the risk-taking channel," Economic Modelling, Elsevier, vol. 104(C).
    4. Sungyup Chung, 2017. "Age and Gender Group Differences in Employment Responses to Monetary Policy Shock in a Small Open Economy: The Case of Korea," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 4(2), pages 207-224, May.
    5. Karlye Dilts Stedman & Emily Pollard, 2023. "Why Has Monetary Policy Tightening Not Cooled the Labor Market Enough to Quell Inflation?," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, March.
    6. Bloesch, Justin & Weber, Jacob P., 2021. "Structural Changes in Investment and the Waning Power of Monetary Policy," SocArXiv 7zhqp_v1, Center for Open Science.

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