Strong dependence in the real interest rates |
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| Authors: | Luis A. Gil-Alana |
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| Affiliation: | Humboldt Universit?t zu Berlin, Institut für Statistik und ?konometrie, Berlin, Germany and University of Navarre, Department of Economics, Pamplona, Spain E-mail: alana@unav.es |
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| Abstract: | The stochastic behaviour of the real interest rates in ten European countries, Canada and the US is examined in this article by means of fractionally integrated techniques. Using a procedure, specifically designed for testing I (d) statistical models, the results show that the real interest rates are more persistent in some countries like France, Belgium or the USA than in others like the UK or Germany. |
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| Keywords: | crime unemployment gender effects asymmetry |
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