The stationarity of Australian real interest rates with and without structural breaks
Bruce Felmingham and
Su San Leong
Applied Economics Letters, 2003, vol. 10, issue 4, 239-241
Abstract:
The Australian cash rate is generally unstable, while surveyed expected inflation and the 90 day bank bill rate are stationary subject to breaks. Real bond rates (2, 5, 10 years) are stationary in levels. Policy and market implications are drawn.
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:10:y:2003:i:4:p:239-241
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DOI: 10.1080/1350485022000044147
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