Aufgrund der zunehmenden Bedeutung von Informations- und Kommunikations- Technologien in der Finanzindustrie nimmt auch das Volumen unstrukturierter und entscheidungsrelevanter Textdaten zu, welche von Marktteilnehmern analysiert werden. In diesem Umfeld erhöhter Datengeschwindigkeit und...

In this paper we argue that both statistics and economic theory-based evidence largely indicate the absence of long run relationships between the real output and the most relevant monetary indicator for the U.K. and the U.S, short term interest rates. These findings are not only a full sample...

In this paper we argue that both statistics and economic theory-based evidence largely indicate the absence of long run relationships between the real output and the most relevant monetary indicator for the U.K. and the U.S short term interest rates. These findings are not only a full sample...