Economic policy implications of the Gibson Law in the Netherlands (1800–2012)
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jpolmod.2019.04.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sargent, Thomas J, 1973.
"Interest Rates and Prices in the Long Run: A Study of the Gibson Paradox,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 385-449, Part II F.
- Thomas J. Sargent, 1971. "Interest rates and prices in the long run: a study of the Gibson paradox," Working Papers 75, Federal Reserve Bank of Minneapolis.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2014.
"This Time is Different: A Panoramic View of Eight Centuries of Financial Crises,"
Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
- Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2008. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," CEMA Working Papers 595, China Economics and Management Academy, Central University of Finance and Economics.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2008. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," NBER Working Papers 13882, National Bureau of Economic Research, Inc.
- Fama, Eugene F, 1981. "Stock Returns, Real Activity, Inflation, and Money," American Economic Review, American Economic Association, vol. 71(4), pages 545-565, September.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009.
"Varieties of Crises and Their Dates,"
Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly,
Princeton University Press.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973.
- Reinhart, Carmen, 2009. "The Second Great Contraction," MPRA Paper 21485, University Library of Munich, Germany.
- Harvey,Andrew C., 1991.
"Forecasting, Structural Time Series Models and the Kalman Filter,"
Cambridge Books,
Cambridge University Press, number 9780521405737, January.
- Harvey,Andrew C., 1990. "Forecasting, Structural Time Series Models and the Kalman Filter," Cambridge Books, Cambridge University Press, number 9780521321969, January.
- repec:dgr:rugccs:200110 is not listed on IDEAS
- Frits Bos, 2008. "The Dutch fiscal framework: History, current practice and the role of the central planning bureau," OECD Journal on Budgeting, OECD Publishing, vol. 8(1), pages 1-42.
- Smits, Jan-Pieter & Horlings, Edwin & Zanden, Jan Luiten van, "undated". "Dutch GNP and its components, 1800-1913," GGDC Research Memorandum No.5, Groningen Growth and Development Centre, University of Groningen.
- Harding, Don & Pagan, Adrian, 2002.
"Dissecting the cycle: a methodological investigation,"
Journal of Monetary Economics, Elsevier, vol. 49(2), pages 365-381, March.
- Don Harding & Adrian Pagan, 2000. "Disecting the Cycle: A Methodological Investigation," Econometric Society World Congress 2000 Contributed Papers 1164, Econometric Society.
- Jan Willem van den End, 2011. "Statistical evidence on the mean reversion of interest rates," DNB Working Papers 284, Netherlands Central Bank, Research Department.
- Shiller, Robert J & Siegel, Jeremy J, 1977. "The Gibson Paradox and Historical Movements in Real Interest Rates," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 891-907, October.
- repec:dgr:rugsom:01c52 is not listed on IDEAS
- Barsky, Robert B & Summers, Lawrence H, 1988.
"Gibson's Paradox and the Gold Standard,"
Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 528-550, June.
- Robert B. Barsky & Lawrence H. Summers, 1985. "Gibson's Paradox and the Gold Standard," NBER Working Papers 1680, National Bureau of Economic Research, Inc.
- Fama, Eugene F, 1975. "Short-Term Interest Rates as Predictors of Inflation," American Economic Review, American Economic Association, vol. 65(3), pages 269-282, June.
- repec:dgr:rugggd:no.5 is not listed on IDEAS
- Jacobs, Jan & Smits, Jan-Pieter, 2001.
"Business cycles in the Netherlands, 1815-1913,"
Research Report
01C52, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Jacobs, Jan & Smits, Jan-Pieter, 2001. "Business cycles in the Netherlands, 1815-1913," CCSO Working Papers 200110, University of Groningen, CCSO Centre for Economic Research.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marinko Škare & Lorena Mošnja-Škare, 2015. "Gibson paradox revisited - liquidity chain effect," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(3), pages 510-528, June.
- Paul Evans & Xiaojun Wang, 2008.
"A Tale of Two Effects,"
The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 147-157, February.
- Paul Evans & Xiaojun Wang, 2005. "A Tale of Two Effects," Working Papers 200506, University of Hawaii at Manoa, Department of Economics.
- Prabheesh, K.P. & Anglingkusumo, Reza & Juhro, Solikin M., 2021. "The dynamics of global financial cycle and domestic economic cycles: Evidence from India and Indonesia," Economic Modelling, Elsevier, vol. 94(C), pages 831-842.
- Calderón, César & Fuentes, J. Rodrigo, 2014. "Have business cycles changed over the last two decades? An empirical investigation," Journal of Development Economics, Elsevier, vol. 109(C), pages 98-123.
- S. Boragan Aruoba & Francis X. Diebold, 2010.
"Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions,"
American Economic Review, American Economic Association, vol. 100(2), pages 20-24, May.
- S. Boragan Aruoba & Francis X. Diebold, 2010. "Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions," PIER Working Paper Archive 10-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- S. Boragan Aruoba & Francis X. Diebold, 2010. "Real-time macroeconomic monitoring: real activity, inflation, and interactions," Working Papers 10-5, Federal Reserve Bank of Philadelphia.
- S. Boragan Aruoba & Francis X. Diebold, 2010. "Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions," NBER Working Papers 15657, National Bureau of Economic Research, Inc.
- Martínez, Juan Francisco & Oda, Daniel, 2021.
"Characterization of the Chilean financial cycle, early warning indicators and implications for macro-prudential policies,"
Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(1).
- Juan Francisco Martínez & Daniel Oda, 2018. "Characterization of the Chilean Financial Cycle, Early Warning Indicators and Implications for Macro-Prudential Policies," Working Papers Central Bank of Chile 823, Central Bank of Chile.
- Graciela L. Kaminsky, 2017.
"The Center and the Periphery: Two Hundred Years of International Borrowing Cycles,"
NBER Working Papers
23975, National Bureau of Economic Research, Inc.
- Kaminsky, Graciela, 2017. "The Center and the Periphery: Two Hundred Years of International Borrowing Cycles," MPRA Paper 82125, University Library of Munich, Germany.
- Rob Luginbuhl, 2020. "Estimation of the Financial Cycle with a Rank-Reduced Multivariate State-Space Model," CPB Discussion Paper 409, CPB Netherlands Bureau for Economic Policy Analysis.
- Selim Elekdag & Yiqun Wu, 2013. "Rapid Credit Growth in Emerging Markets: Boon or Boom-Bust?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(5), pages 45-62, September.
- Kose M. Ayhan & Ohnsorge Franziska & Sugawara Naotaka, 2022.
"A Mountain of Debt: Navigating the Legacy of the Pandemic,"
Journal of Globalization and Development, De Gruyter, vol. 13(2), pages 233-268, December.
- Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2021. "A Mountain of Debt : Navigating the Legacy of the Pandemic," Policy Research Working Paper Series 9800, The World Bank.
- M. Ayhan Kose & Franziska Ohnsorge & Naotaka Sugawara, 2021. "A mountain of debt: Navigating the legacy of the pandemic," CAMA Working Papers 2021-90, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ohnsorge, Franziska & Kose, M. Ayhan & Sugawara, Naotaka, 2021. "A Mountain of Debt: Navigating the Legacy of the Pandemic," CEPR Discussion Papers 16637, C.E.P.R. Discussion Papers.
- Kose, M. Ayhan & Sugawara, Naotaka & Terrones, Marco E., 2020.
"Global Recessions,"
MPRA Paper
98608, University Library of Munich, Germany.
- M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global Recessions," Working Papers 162, Peruvian Economic Association.
- M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Kose, M. Ayhan & Sugawara, Naotaka & E. Terrones, Marco, 2020. "Global Recessions," CEPR Discussion Papers 14397, C.E.P.R. Discussion Papers.
- Kose,Ayhan & Sugawara,Naotaka & Terrones,Marco E., 2020. "Global Recessions," Policy Research Working Paper Series 9172, The World Bank.
- M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global Recessions," Koç University-TUSIAD Economic Research Forum Working Papers 2002, Koc University-TUSIAD Economic Research Forum.
- Romuald Fernand AWOUTCHA TCHIEUZING & NEBA Cletus YAH, 2021. "Financial, Absorption and Business Cycles in Selected African Countries," International Journal of Social and Administrative Sciences, Asian Economic and Social Society, vol. 6(1), pages 14-25, June.
- Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020.
"Debt and Financial Crises,"
Koç University-TUSIAD Economic Research Forum Working Papers
2001, Koc University-TUSIAD Economic Research Forum.
- Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Debt and financial crises," CAMA Working Papers 2020-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ohnsorge, Franziska & Koh, Wee Chian & Kose, M. Ayhan & Nagle, Peter & Sugawara, Naotaka, 2020. "Debt and Financial Crises," CEPR Discussion Papers 14442, C.E.P.R. Discussion Papers.
- Koh,Wee Chian & Kose,Ayhan & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Debt and Financial Crises," Policy Research Working Paper Series 9116, The World Bank.
- Michael D. Bordo & John S. Landon-Lane, 2010. "The Global Financial Crisis of 2007-08: Is it Unprecedented?," NBER Working Papers 16589, National Bureau of Economic Research, Inc.
- Robert B. Barsky & J. Bradford De Long, 1988. "Forecasting Pre-World War I Inflation: The Fisher Effect Revisited," NBER Working Papers 2784, National Bureau of Economic Research, Inc.
- Borsi, Mihály Tamás, 2018.
"Credit contractions and unemployment,"
International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
- Mihály Tamás Borsi, 2016. "Credit contractions and unemployment," Working Papers 1617, Banco de España.
- Cazes, Sandrine. & Verick, Sher. & Al Hussami, Fares., 2011. "Diverging trends in unemployment in the United States and Europe : evidence from Okun's law and the global financial crisis," ILO Working Papers 994676293402676, International Labour Organization.
- Chadha, Jagjit S. & Perlman, Morris, 2014.
"Was the Gibson Paradox for real? A Wicksellian study of the relationship between interest rates and prices,"
Financial History Review, Cambridge University Press, vol. 21(2), pages 139-163, August.
- Jagjit S. Chadha & Morris Perlman, 2014. "Was the Gibson Paradox for Real? A Wicksellian study of the Relationship between Interest Rates and Prices," Studies in Economics 1403, School of Economics, University of Kent.
- Chadha, Jagjit S. & Perlman, Morris, 2014. "Was the Gibson Paradox for real? A wicksellian study of the relationship between interest rates and prices," Economic History Working Papers 56896, London School of Economics and Political Science, Department of Economic History.
- Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011.
"Financial Cycles: What? How? When?,"
NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 303-344.
- Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "Financial Cycles: What? How? When?," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 303-343, National Bureau of Economic Research, Inc.
- Mr. Marco Terrones & Mr. Ayhan Kose & Mr. Stijn Claessens, 2011. "Financial Cycles: What? How? When?," IMF Working Papers 2011/076, International Monetary Fund.
- Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2011. "Financial Cycles: What? How? When?," CEPR Discussion Papers 8379, C.E.P.R. Discussion Papers.
- Michael D. Bordo & Joseph G. Haubrich, 2017.
"Deep Recessions, Fast Recoveries, And Financial Crises: Evidence From The American Record,"
Economic Inquiry, Western Economic Association International, vol. 55(1), pages 527-541, January.
- Michael D. Bordo & Joseph G. Haubrich, 2012. "Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record," NBER Working Papers 18194, National Bureau of Economic Research, Inc.
- Michael D. Bordo & Joseph G. Haubrich, 2012. "Deep recessions, fast recoveries, and financial crises: evidence from the American record," Working Papers (Old Series) 1214, Federal Reserve Bank of Cleveland.
More about this item
Keywords
Gibson paradox; Logit model; Long-run interest rates; Prices; The Netherlands;All these keywords.
JEL classification:
- C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:41:y:2019:i:5:p:926-942. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505735 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.