Title of article
The expectations hypothesis of the term structure of interest rates, open interest rate parity and central bank policy reaction
Author/Authors
Kugler، Peter نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2000
Pages
-208
From page
209
To page
0
Abstract
This paper employs quarterly data from the whole of Germany to test the stability of M3 demand for money. The methodology is based on an application of the CUSUM and CUSUMSQ in the context of error-correction modeling and cointegration. The results reveal some instability in M3 money demand function.
Keywords
Expectations hypothesis of the term structure , Uncovered interest rate parity , Policy reaction to the exchange rate and the term spread
Journal title
Economics Letters
Serial Year
2000
Journal title
Economics Letters
Record number
21780
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