Bank working paper series 47
Abstract
Using a panel of OECD countries from 1960 to 2002, this paper shows that �nancial … an empirical approach similar to the one used by Chari
and Henry (2002) and by Henry (2000) and (2002) to study the … contractions and expansions in a panel of OECD countries from 1960 to 2002
and focuses on changes in interest rates and stock …