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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/4627

Title: Some UK evidence on the forward looking IS equation
Authors: Turner, Paul
Keywords: IS curve
Forward looking
Real interest rate
Issue Date: 2007
Publisher: © Loughborough University
Series/Report no.: Loughborough University. Department of Economics. Discussion Paper Series;WP 2007 - 16
Abstract: This paper seeks to demonstrate that a backward looking specification of the IS curve using UK data can encompass the forward looking model recently discussed by Kara and Nelson (2004). By relaxing the restriction that the interest rate and the inflation rate enter the IS curve with coefficients of equal magnitude but opposite sign, we obtain IS curve estimates which are empirically plausible and which encompass the rival specification.
Description: This is a working paper is also available at: http://ideas.repec.org/p/lbo/lbowps/2007_16.html
Version: Published
URI: https://dspace.lboro.ac.uk/2134/4627
Appears in Collections:Working Papers (Economics)

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