Interest rates and output in the long-run

Yunus Aksoy; Miguel A. León-Ledesma

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 subsamples throughout the second half of the 20th century. -- information value ; long term relationship ; cointegration ; bounds tests

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Year of publication:	Sept. 2004 ; [Elektronische Ressource]
Other Persons:	Aksoy, Yunus (contributor) ; León-Ledesma, Miguel A. (contributor)
Institutions:	University of Kent / Department of Economics (contributor)
Publisher:	Canterbury : Univ. of Kent, Dep. of Economics
Subject:	Informationswert \| Information value \| Zins \| Interest rate \| Großbritannien \| United Kingdom \| USA \| United States \| Korrelation \| Correlation

Extent:	Online-Ressource, 27 p., text ill
Series:	Discussion papers / University of Kent, School of Economics. - Canterbury : [Verlag nicht ermittelbar], ZDB-ID 2196631-X. - Vol. 04,09
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzung: Acrobat reader
Other identifiers:	hdl:10419/68076 [Handle]
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10002190275