Global measure of causal intensity between real and financial spheres
AbstractThe lack of theoretical consensus on the causality direction between real and financial spheres as well as on the macroeconomic importance of transmission channels drive to an empirical approach of the links between the two areas. The aim of this paper is to offer a method for the analysis of the causal structure between the two spheres according to the transmission channels. It becomes possible globally on short and long runs for a given country to better surround mechanisms intervening inside the feedback between real and financial areas.
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Bibliographic InfoPaper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/273.
Date of creation: Aug 2005
Date of revision:
Publication status: Published in Applied Economics, 2005, Vol. 37. pp. 1635-1642.Length: 7 pages
Transmission channels; Financial; Monetary; Causality;
Other versions of this item:
- Samuel Bates, 2005. "Global measure of causal intensity between real and financial spheres," Applied Economics, Taylor & Francis Journals, vol. 37(14), pages 1635-1642.
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
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