Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73318
Authors: 
Burgstaller, Johann
Year of Publication: 
2006
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0616
Abstract: 
Bond yield and retail interest rate spreads are presumed to lead real activity on the basis of financial accelerator mechanisms, markup cyclicality or simply because they are forward-looking. Empirical results for Austria show that retail rate spreads outperform many other indicators in this respect. Nevertheless, there is no evidence for a financial accelerator being behind this finding.
Subjects: 
Leading indicator
business cycle
shock propagation
financial accelerator
bank markup
JEL: 
E32
E44
G12
G21
Document Type: 
Working Paper

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