| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Monetary regimes, the term structure and business cycles in Ireland, 1972–2018 |
| Autor/-in: | Stuart, Rebecca |
| et. al: | No |
| DOI: | 10.1111/manc.12322 |
| Erschienen in: | The Manchester School |
| Band(Heft): | 88 |
| Heft: | 5 |
| Seite(n): | 731 |
| Seiten bis: | 748 |
| Erscheinungsdatum: | 14-Jun-2020 |
| Verlag / Hrsg. Institution: | Wiley |
| ISSN: | 1463-6786 1467-9957 |
| Sprache: | Englisch |
| Fachgebiet (DDC): | 332: Finanzwirtschaft |
| Zusammenfassung: | The literature emphasizes the role of monetary policy for the term structure's ability to predict business cycles. Between 1972 and 2018, Ireland experienced three monetary regimes: first, the Irish Pound was fixed to Sterling (1972–1979); second the Pound floated in a band when Ireland was a member of EMS (1979–1998); and third, as a member of the euro area (1999–2018). Using dynamic probit models and monthly data, I show that the term spread only had predictive power during the second regime, the only one in which the Central Bank of Ireland had discretion to set interest rates based on the domestic conditions. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/29720 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Stuart, R. (2020). Monetary regimes, the term structure and business cycles in Ireland, 1972–2018. The Manchester School, 88(5), 731–748. https://doi.org/10.1111/manc.12322
Stuart, R. (2020) ‘Monetary regimes, the term structure and business cycles in Ireland, 1972–2018’, The Manchester School, 88(5), pp. 731–748. Available at: https://doi.org/10.1111/manc.12322.
R. Stuart, “Monetary regimes, the term structure and business cycles in Ireland, 1972–2018,” The Manchester School, vol. 88, no. 5, pp. 731–748, Jun. 2020, doi: 10.1111/manc.12322.
STUART, Rebecca, 2020. Monetary regimes, the term structure and business cycles in Ireland, 1972–2018. The Manchester School. 14 Juni 2020. Bd. 88, Nr. 5, S. 731–748. DOI 10.1111/manc.12322
Stuart, Rebecca. 2020. “Monetary Regimes, the Term Structure and Business Cycles in Ireland, 1972–2018.” The Manchester School 88 (5): 731–48. https://doi.org/10.1111/manc.12322.
Stuart, Rebecca. “Monetary Regimes, the Term Structure and Business Cycles in Ireland, 1972–2018.” The Manchester School, vol. 88, no. 5, June 2020, pp. 731–48, https://doi.org/10.1111/manc.12322.
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