Prediction of the economic activity from the short and long-term interest rate differential: new evidences in Chile and the United States of America cases

Cademartori D.; Navia, R; Galea M.; Osorio, F

Abstract

The purpose of this work is to verify the stability of the relationship between real activity and interest rate spread. The test is based on Chen (1988) and Osorio and Galea (2006). The analysis is applied to Chile and the United States, from 1980 to 1999. In general, in both cases the relationship was statistically significant in early 80s, but a break point is found in both countries during that decades, suggesting that the relationship depends on the monetary rule follow by the Central Bank.

Más información

Título según WOS: Prediction of the economic activity from the short and long-term interest rate differential: new evidences in Chile and the United States of America cases
Título según SCOPUS: Prediction of the economic activity from the short and long-term interest rate differential: New evidences in Chile and the United States of America cases
Título de la Revista: APPLIED ECONOMICS LETTERS
Volumen: 15
Número: 9
Editorial: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Fecha de publicación: 2008
Página de inicio: 707
Página final: 712
Idioma: English
URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850600748950&magic=crossref||D404A21C5BB053405B1A640AFFD44AE3
DOI:

10.1080/13504850600748950

Notas: ISI, SCOPUS