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The stationarity of Australian real interest rates with and without structural breaks

Citation

Felmingham, BS and Leong, SS, The stationarity of Australian real interest rates with and without structural breaks, Applied Economics Letters, 10, (4) pp. 239-241. ISSN 1350-4851 (2003) [Refereed Article]

DOI: doi:10.1080/1350485022000044147

Abstract

The Australian cash rate is generally unstable, while surveyed expected inflation and the 90 day bank bill rate are stationary subject to breaks. Real bond rates (2, 5, 10 years) are stationary in levels. Policy and market implications are drawn.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Financial Economics
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Macroeconomics not elsewhere classified
Author:Felmingham, BS (Dr Bruce Felmingham)
Author:Leong, SS (Miss Su Leong)
ID Code:28376
Year Published:2003
Web of Science® Times Cited:1
Deposited By:Economics and Finance
Deposited On:2003-08-01
Last Modified:2010-06-18
Downloads:0

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