Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129977 
Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
School of Economics Discussion Papers No. 1416
Verlag: 
University of Kent, School of Economics, Canterbury
Zusammenfassung: 
This paper studies the empirical relationship between the Federal funds effective rate and the rate of profit or profit-to-capital ratio in the U.S. economy. The linkages between these two variables are studied: 1) at business-cycle frequencies using various filters and employing cross-correlation, regression and simulation analysis; and 2) using Vector Autoregressive models that unveil the dynamic interactions between the variables. The different empirical results reveal that positive shocks in the fed funds interest rate generate negative responses of the rate of profit, thus corroborating previous findings that show that a tight monetary policy is associated with lower aggregate profitability levels
Schlagwörter: 
fed funds effective real rate
rate of profit
U.S. economy
aggregate profitability
JEL: 
E22
E40
E43
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
422.98 kB





Publikationen in EconStor sind urheberrechtlich geschützt.