Showing 1 - 10 of 396
Persistent link: https://www.econbiz.de/10001230540
We study common features in the income velocity of money, income, and interest rates for Canada, the U.S., the U.K., Sweden and Norway using annual data from 1870. The recently developed and refined techniques of testing for cointegration are employed. The evidence suggests there is a unique...
Persistent link: https://www.econbiz.de/10014068752
This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012464627
This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012771830
Persistent link: https://www.econbiz.de/10003724838
"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10003741414
inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …
Persistent link: https://www.econbiz.de/10014024247
Persistent link: https://www.econbiz.de/10009154989
Persistent link: https://www.econbiz.de/10003723216
Persistent link: https://www.econbiz.de/10003390604