The Stability of Real Interest Rates in Australia: 1975-1997

B. Felmingham and P. Mansfield

Working Papers from Tasmania - Department of Economics

Abstract: This paper investigates the stability of Australian ex ante real interest rates for a range of maturities. Both ex ante real and nominal interest rate series are found to be nonstationary even after following for the possibility of structural breaks using techniques developped by Zivot and Andrews (1992).

Keywords: PRICES; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: G12 (search for similar items in EconPapers)
Date: 1999

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Persistent link: http://EconPapers.repec.org/RePEc:fth:tasman:1999-02

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