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Persistent link: https://www.econbiz.de/10012085410
In this paper we investigate the effect of financial deregulation on the relationship between the macro-economy and the share market within the framework of a VAR using quarterly Australian data for four variables - aggregate share prices, real output, the term premium and the default premium....
Persistent link: https://www.econbiz.de/10005293020
Persistent link: https://www.econbiz.de/10009245617
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The concept of the natural rate of unemployment is widely used in the analysis and discussion of macroeconomic policy. It is, however, unobservable so that estimates of the natural rate are necessarily based on a particular theory of unemployment. Hence, measures of the natural rate, whether...
Persistent link: https://www.econbiz.de/10014154369
Persistent link: https://www.econbiz.de/10005139455
The concept of the natural rate of unemployment is widely used in the analysis and discussion of macroeconomic policy. It is, however, unobservable so that estimates of the natural rate are necessarily based on a particular theory of unemployment. Hence, measures of the natural rate, whether...
Persistent link: https://www.econbiz.de/10005139491
Persistent link: https://www.econbiz.de/10005193073
This paper tests, using Australian data, the proposition that only unanticipated monetary growth infl uences real variables. The methodology used is that of L. Leiderman ( 1980) and F. S. Mishkin (1982). In tests using the unemployment rate as a real variable, it is found that the data...
Persistent link: https://www.econbiz.de/10005654975