Blake, Robert E; Clarida, Richard H - In: International Journal of Finance & Economics 1 (1996) 2, pp. 103-16
This paper explores the implications of an open-economy version of the Lucas asset pricing model for the empirical relationship between pairwise real interest rate differentials and macroeconomic fundamentals for the United States, West Germany, and the United Kingdom from 1974 to 1989. Using...