Arbeitspapier
Interest rates and output in the long-run
In this paper we argue that both statistics and economic theory-based evidence largely indicate the absence of long run relationships between the real output and the most relevant monetary indicator for the U.K. and the U.S, short term interest rates. These findings are not only a full sample result, but also valid in most of the sub-samples throughout the second half of the 20th century and are robust to the inclusion of possible omitted real variables.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 434
- Klassifikation
-
Wirtschaft
- Thema
-
bounds tests
cointegration
information value
long term relationship
Informationswert
Zins
Großbritannien
USA
Korrelation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aksoy, Yunus
León-Ledesma, Miguel A.
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Arbeitspapier
Beteiligte
- Aksoy, Yunus
- León-Ledesma, Miguel A.
- European Central Bank (ECB)
Entstanden
- 2005
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