Arouri, Mohamed; Jawadi, Fredj; Nguyen, Duc Khuong - In: Journal of Macroeconomics 36 (2013) C, pp. 175-187
We investigate the synchronization and nonlinear adjustment dynamics of short-term interest rates for France, the UK and the US using the bi-directional feedback measures proposed by Geweke (1982) and appropriate smooth transition error-correction models (STECM). We find evidence to support the...
