Liquidity preference, price expectations and the nominal interest rate in Canada / by Peter Wrage.: EC22-3/1977-76E-PDF
"This paper deals with the dispute concerning the determinants of the interest rate in Canada. Recently, a number of competing models have been tested on Canadian data to determine which model best explains Canadian interest rate behaviour. A most disturbing result of this comparative analysis is the decisive rejection of the Feldstein-Eckstein liquidity preference model by Canadian data and, by implication, the doubt this casts on the validity of U.S. results. This paper systematically examines these claims"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.861475&sl=0
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| Title | Liquidity preference, price expectations and the nominal interest rate in Canada / by Peter Wrage. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 17 p. |
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