Long-run and short-run linkages between stock prices and interest rates in the G-7

被引：4
|
作者：
Broome, S [1 ]
Morley, B [1 ]
机构：
[1] Univ Wales, Dept Econ, Aberystwyth SY23 3DB, Ceredigion, Wales
来源：
APPLIED ECONOMICS LETTERS | 2000年 / 7卷 / 05期
关键词：
D O I：
10.1080/135048500351474
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper investigates the nature of the relationship between stock prices and interest rates, using the cointegration and co-dependence techniques. Using data for the G-7 economies, the evidence suggests that in general stock prices and interest rates do not exhibit a long-run common trend, but rather follow a short-run cyclical pattern.
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页码：321 / 323
页数：3
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