Research on the Raising Rates Policy of the Fed

DOI

10.2991/978-94-6463-268-2_48How to use a DOI?

Keywords

Fed; CPI; Granger; VAR; time series

Abstract

Due to the unique status of the U.S. dollar in the world, every time the Federal Reserve raises interest rates on the U.S. dollar, it will arouse global attention to it and will also affect the global economy. Raising the federal funds rate is the usual means for the United States to quell its inflation. In the process, as the U.S. dollar raises interest rates and returns to the country, it will cause currency depreciation and credit crises in many economies, which has led to many countries in the world. Questioning the intention of the US dollar to raise interest rates, some scholars in the academic circle believe that raising the federal funds rate is the last step for the US dollar to harvest the world. This paper selects relevant variables and uses methods such as vector autoregression and Granger causality test to try to explore which variables will be affected by the Fed's interest rate hike.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Puyuan Cui
PY  - 2023
DA  - 2023/10/10
TI  - Research on the Raising Rates Policy of the Fed
BT  - Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
PB  - Atlantis Press
SP  - 437
EP  - 445
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-268-2_48
DO  - 10.2991/978-94-6463-268-2_48
ID  - Cui2023
ER  -