Are real interest rates cointegrated? A study of three OECD countries
Real interest rates are influenced by internal economic policies and also by movements of real rates in larger economies. The latter has become more influential as a result of the integration of global financial markets in the 1980s and 1990s. The empirical results of this study show that the US real rate of interest is an important factor in explaining variations of real rates in Britain and the Netherlands but not vice versa.
Year of publication: |
1998
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Authors: | Monadjemi, Mehdi |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 5.1998, 11, p. 681-683
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Publisher: |
Taylor & Francis Journals |
Saved in:
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