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
| Department/Agency | Economic Council of Canada. |
|---|---|
| Title | Liquidity preference, price expectations and the nominal interest rate in Canada / by Peter Wrage. |
| Series title | Discussion paper ; no. 76 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "January 1977." Digitized edition from print [produced by the Publishing and Depository Services Directorate]. Includes bibliographic references. |
| Publishing information | Ottawa : Economic Council of Canada, 1977. |
| Author / Contributor | Wrage, Peter. |
| Description | 17 p. |
| Catalogue number |
|
| Subject terms | Interest rates Economic analysis |