Interest Rates and Output in the Long-run

Yunus Aksoy and Miguel Leon-Ledesma

Studies in Economics from School of Economics, University of Kent

Abstract: 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 UK and the US short term interest rates. These findings are not only a full sample result, but also valid in most of the subsamples throughout the second half of the 20th century.

Keywords: information value; long term relationship; cointegration; bounds tests (search for similar items in EconPapers)
JEL-codes: E3 E4 E5 (search for similar items in EconPapers)
Date: 2004-09
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://www.kent.ac.uk/economics/repec/0409.pdf (application/pdf)

Related works:
Working Paper: Interest Rates and Output in the Long Run (2010)
Working Paper: Interest rates and output in the long-run (2005)
Working Paper: Interest Rates and Output in the Long Run (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ukc:ukcedp:0409

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