Do interest rates predict real economic activity?

Applied Economics Letters

Volumn 10, Issue 9, 2003, Pages 589-595

  Loizides, John ^a   Vamvoukas, George A ^a  

^a ATHENS UNIVERSITY OF ECONOMICS AND BUSINESS   (Greece)

Author keywords

[No Author keywords available]

Indexed keywords

BUSINESS CYCLE; ECONOMIC ACTIVITY; INTEREST RATE; METHODOLOGY;

EID: 0242338463     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485032000090749     Document Type: Article

References (14)

1. Arestis, P. (1993) Money and Banking: Issues for the 21st Century, Macmillan Press, London.
2. Arestis, P. and Howells, P. (1992) Institutional developments and the effectiveness of monetary policy, Journal of Economic Issues, 26, 135-57.
3. Bernanke, B. S. and Blinder, A. S. (1992) The federal funds rate and the channels of monetary transmission, American Economic Review, 82, 901-21.
4. Cook, D. (1999) The liquidity effect and money demand, Journal of Monetary Economics, 43, 377-90.
5. Demetriades, P. O. and Hussein, K. A. (1999) Does financial development cause economic growth? Time-series evidence from 16 countries, Journal of Development Economics, 51, 387-411.
6. Fung, B. S. C. and Gupta, R. (1997) Cash setting, the call loan rate, and the liquidity effect in Canada, Canadian Journal of Economics, 30, 1057-82.
7. Gordon, D. B. and Leeper, E. M. (1994) The dynamic impacts of monetary policy: An exercise in tentative identification, Journal of Political Economy, 102, 1228-47.
8. Hamlin, A. P. and Heathfield, D. F. (1991) Competitive management and working capital, Managerial and Decision Economics, 12, 207-17.
9. Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregression models, Econometrica, 50, 1551-80.
10. Phillips, P. C. B. and Perron, P. (1988) Testing for a unit root in time series regression, Biometrica, 75, 335-46.
11. Sims, C. A. (1980) Comparison of interwar and postwar business cycles: Monetarism reconsidered, American Economic Review, 70, 250-7.
12. Sims, C. A. (1992) Interpreting the macroeconomic time series facts, European Economic Review, 36, 975-1011.
13. Taylor, M. (1987) Financial innovation, inflation and the stability of the demand for broad money in the United Kingdom, Bulletin of Economic Research, 39, 225-33.
14. Thoma, M. A. (1994) Subsample instability and asymmetries in money-income causality, Journal of Econometrics, 64, 279-306.