The paper examines international linkages between daily time series of US and Australian 3 month Treasury Bills and 10 year Government Bonds from 1987-95, paying particular attention to the effects of macroeconomic announcements in both countries. The 2 country's interest rate data are modelled...

This paper, extending previous work on the imperfections of international capital markets, considers both short-and-long run interest rates on the securities issued by governments which are unlikely to default on payments of interest or principal and during a period when they had few, if any,...

This paper examines 1) an exploration of international interest rates, 2) investment and saving in Australia, 3) Unemployment in Market Economies.

This paper presents a theoretical link between the yield curve and future economic growth in a simple stochastic growth model. The derived relationship implies that, in a simple competitive production economy, the slope of the yield curve predicts future output growth. This predictive content of...