Artikel
Financial Predictors of Real Activity and the Propagation of Aggregate Shocks
Financial Predictors of Real Activity and the Propagation of Aggregate Shocks Bond yield and retail interest rate spreads are presumed to lead real activity on the basis of financial accelerator mechanisms, markup cyclicality or simply because they are forward-looking. Empirical results for Austria show that retail interest rate spreads outperform many other indicators in this respect. Nevertheless, there is no evidence for a financial accelerator being behind this finding. The euro area corporate bond market may, however, represent a shock propagation channel of certain relevance for the Austrian economy. Keywords: Leading indicator, business cycle, shock propagation, financial accelerator, bank markup. (JEL E32, E44, G12, G21)
- Sprache
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Englisch
- Erschienen in
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Journal: Kredit und Kapital ; ISSN: 1865-5734 ; Volume: 42 ; Year: 2009 ; Issue: 1 ; Pages: 1-23
- Klassifikation
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Wirtschaft
Business Fluctuations; Cycles
Financial Markets and the Macroeconomy
Asset Pricing; Trading Volume; Bond Interest Rates
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Ereignis
-
Geistige Schöpfung
- (wer)
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Burgstaller, Johann
- Ereignis
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Veröffentlichung
- (wer)
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Duncker & Humblot
- (wo)
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Berlin
- (wann)
-
2009
- DOI
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doi:10.3790/kuk.42.1.1
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Burgstaller, Johann
- Duncker & Humblot
Entstanden
- 2009
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