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External macroeconomic factors and the link between short- and long-run European interest rates: a note
dc.contributor.author | Camarero, Mariam | |
dc.contributor.author | Ordóñez, Javier | |
dc.contributor.author | Tamarit, Cecilio | |
dc.date.accessioned | 2012-04-30T11:16:51Z | |
dc.date.available | 2012-04-30T11:16:51Z | |
dc.date.issued | 2009-04 | |
dc.identifier.citation | Southern economic journal (April 2009), vol. 75, no. 4, 1212 1219 | |
dc.identifier.issn | 0038-4038 | |
dc.identifier.uri | http://hdl.handle.net/10234/35860 | |
dc.description.abstract | This article analyzes the long-run relationships linking long- and short-run interest rates for the Euro-wide aggregated variables. To this end, we extend the set of variables traditionally involved in the Campbell and Shiller (1987) framework for the term structure to add external macro variables (the exchange rate, U.S. inflation, and U.S. short-run interest rates). Our results support the expectations hypothesis and also stress the importance of accounting for foreign economy influences on European monetary policy, namely, the real exchange rate of the American dollar as well as real interest rates | |
dc.format.extent | 9 p. | |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | |
dc.publisher | Southern Economic Association | |
dc.rights | © 2009 Southern Economic Association | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | Interest rates | |
dc.subject | External macroeconomic factors | |
dc.subject | Long-run | |
dc.subject | Monetary policy | |
dc.subject | Europe | |
dc.subject.lcsh | Interest rates--Europe | |
dc.subject.other | Tipus d'interès--Europa | |
dc.title | External macroeconomic factors and the link between short- and long-run European interest rates: a note | |
dc.type | info:eu-repo/semantics/article | |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
dc.relation.publisherVersion | http://www.southerneconomic.org/ | |
dc.type.version | info:eu-repo/semantics/publishedVersion |
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