In a small open economy, it is common to regard the domestic interest rate as a function of the world rate plus a local risk premium. At the same time. Irving Fisher's longstanding theory of the real interest rate emphasises the twin domestic forces of consumer thrift and producer productivity. This paper tests for a relationship between the Fisher variables and Australia's real interest rate. It is found that these two variables explain well the observed stationarity of the Australian real rate of interest since the early 1980s, indicating that thrift and productivity provide a robust theoretical framework for the macroeconomic factors that determine the risk premium. 2 downloads: http://www.eap-journal.com.au/download.php?file=362 and htt...
This thesis brings together three research papers or chapters. The key similarity among the chapters...
Seminal papers of Solow (1957) and Swan (1956) stimulated debate among economists on the role of tec...
alone. The views expressed herein are those of the authors and do not necessarily reflect the views ...
The level of and movements in interest rates and the exchange rate can have a substantial impact on ...
This dissertation contains a series of essays that provide empirical evidence for Australia on some ...
The thesis explores the role of the terms of trade and the export share in determining the Australia...
This thesis aims at analysing the main as ects of interest rate behaviour in Australia. We are conc...
Grenville for helpful suggestions. The views expressed in this paper are those of the author and sho...
R ecent years have witnessed a growing number of attempts to reduce inf la t ion by a pol icy of rai...
The term structure of interest rates in Australia, using data of different types as well as frequenc...
This paper examines the relationship between government debt and the real interest margin between Au...
Over the recent decades the most significant global imbalances have been between Asia-Pacific econom...
This paper investigates the relationship between expected inßation and the nominal interest rate usi...
This paper examines the response of consumption to income, credit and interest rate changes in Austr...
Jeff Wooldridge for helpful discussions. The views expressed herein are tho53 of the author and do n...
This thesis brings together three research papers or chapters. The key similarity among the chapters...
Seminal papers of Solow (1957) and Swan (1956) stimulated debate among economists on the role of tec...
alone. The views expressed herein are those of the authors and do not necessarily reflect the views ...
The level of and movements in interest rates and the exchange rate can have a substantial impact on ...
This dissertation contains a series of essays that provide empirical evidence for Australia on some ...
The thesis explores the role of the terms of trade and the export share in determining the Australia...
This thesis aims at analysing the main as ects of interest rate behaviour in Australia. We are conc...
Grenville for helpful suggestions. The views expressed in this paper are those of the author and sho...
R ecent years have witnessed a growing number of attempts to reduce inf la t ion by a pol icy of rai...
The term structure of interest rates in Australia, using data of different types as well as frequenc...
This paper examines the relationship between government debt and the real interest margin between Au...
Over the recent decades the most significant global imbalances have been between Asia-Pacific econom...
This paper investigates the relationship between expected inßation and the nominal interest rate usi...
This paper examines the response of consumption to income, credit and interest rate changes in Austr...
Jeff Wooldridge for helpful discussions. The views expressed herein are tho53 of the author and do n...
This thesis brings together three research papers or chapters. The key similarity among the chapters...
Seminal papers of Solow (1957) and Swan (1956) stimulated debate among economists on the role of tec...
alone. The views expressed herein are those of the authors and do not necessarily reflect the views ...
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