Interest Rates and Output in the Long-Run
Copyright policy )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 subsamples throughout the second half of the 20th century.
- Birkbeck, University of London United Kingdom
- University of Exeter United Kingdom
- University of Kent United Kingdom
Zins, cointegration, ddc:330, long term relationship, Informationswert, information value, Großbritannien, E3, bounds tests, E5, E4, Korrelation, USA, bounds tests, cointegration, information value, long term relationship
Zins, cointegration, ddc:330, long term relationship, Informationswert, information value, Großbritannien, E3, bounds tests, E5, E4, Korrelation, USA, bounds tests, cointegration, information value, long term relationship
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