Monetary tightening cycles and the predictability of economic activity
Tobias Adrian () and
Arturo Estrella ()
Economics Letters, 2008, vol. 99, issue 2, 260-264
Ten of thirteen monetary tightening cycles since 1955 were followed by increases in unemployment, three were not. The term spread at the end of these cycles discriminates between subsequent outcomes, but levels of nominal or real interest rates do not.
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (13) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Monetary tightening cycles and the predictability of economic activity (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:2:p:260-264
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Series data maintained by Dana Niculescu ().