| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062183 | Economics Letters | 2008 | 5 Pages |
Abstract
Ten of thirteen monetary tightening cycles since 1955 were followed by increases in unemployment, three were not. The term spread at the end of these cycles discriminates between subsequent outcomes, but levels of nominal or real interest rates do not.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tobias Adrian, Arturo Estrella,