Kesriyeli, Mehtap; Osborn, Denise R.; Sensier, Marianne - In: Nonlinear time series analysis of business cycles, (pp. 283-310). 2006
This paper analyses monthly values of the short-term interest rate for the US, the UK and Germany since the early 1980s …, inflation, past interest rate changes and external variables (world commodity prices and the real exchange rate). The … they are decreasing. The reaction function coefficients for both the US and UK are also found to change during the 1980s …