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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.861475&sl=1
| Ministère/Organisme | Economic Council of Canada. |
|---|---|
| Titre | Liquidity preference, price expectations and the nominal interest rate in Canada / by Peter Wrage. |
| Titre de la série | Discussion paper ; no. 76 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "January 1977." Digitized edition from print [produced by the Publishing and Depository Services Directorate]. Includes bibliographic references. |
| Information sur la publication | Ottawa : Economic Council of Canada, 1977. |
| Auteur / Contributeur | Wrage, Peter. |
| Description | 17 p. |
| Numéro de catalogue |
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| Descripteurs | Interest rates Economic analysis |
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