Financial factors and the macroeconomy

Show simple item record

dc.contributor Suomen Pankki, Tutkimusosasto Sierimo, Carolina Virén, Matti 2014-09-22T07:58:08Z 2014-09-22T07:58:08Z 1995
dc.identifier.isbn 951-686-486-4
dc.identifier.issn 0785-3572
dc.identifier.issn 0785-3572
dc.description.abstract This paper examines the relationships between financial and nonfinancial variables in three Nordic countries (Finland, Norway and Sweden).We try to find out whether there exists some kind of dichotomy between these two sets of variables, both in terms of levels of variables and the respective volatilities.In particular, we scrutinize the role of the stock market (stock prices and stock market turnover) in this respect.The analysis makes use of standard time series analytical tools, cointegration analysis, analysis of Granger causality and cross-spectral analysis.The results of these empirical analyses suggest that, although the behaviour of the financial variables has been quite similar, there are important differences between these three countries.Still, in all countries important relationships between these sets of variables are detected.However, in most cases causality seems to be bidirectional or instantaneous.
dc.format.extent 72 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.subject Suomi
dc.subject Norja
dc.subject Ruotsi
dc.subject pörssit
dc.subject korot
dc.subject volatiliteetti
dc.subject rahoitusmarkkinat
dc.subject SP
dc.subject riippuvuudet
dc.title Financial factors and the macroeconomy
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807301 Bank of Finland. Discussion papers
dc.series.year 1995
dc.series.number 34/1995
dc.series.sortingnumber 34 14.12.1995

Files in this item

Total number of downloads: Loading...

Files Size Format View
SP_DP_1995_34.pdf 1.868Mb PDF View/Open

This item appears in the following Collection(s)

Show simple item record