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dc.contributor.authorHeimonen, Kari
dc.contributor.authorJunttila, Juha-Pekka
dc.contributor.authorKärkkäinen, Samu
dc.date.accessioned2017-05-31T09:49:11Z
dc.date.available2019-05-12T21:35:23Z
dc.date.issued2017
dc.identifier.citationHeimonen, K., Junttila, J.-P., & Kärkkäinen, S. (2017). Stock market and exchange rate information in the Taylor rule : Evidence from OECD countries. <i>International Review of Economics and Finance</i>, <i>51</i>, 1-18. <a href="https://doi.org/10.1016/j.iref.2017.05.001" target="_blank">https://doi.org/10.1016/j.iref.2017.05.001</a>
dc.identifier.otherCONVID_27002608
dc.identifier.otherTUTKAID_73775
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/54207
dc.description.abstractWe analyze the effects of stock market and exchange rate information in a forward-looking Taylor rule for monthly data from 14 OECD countries during the years 1999–2016. Especially the stock market information in the form of dividend but also the currency market information in the form of real exchange rate are revealed to be relevant in Taylor rule for many of the countries examined by helping to strengthen the role of inflation and real economic activity deviations in the policy rule. In many cases the rule also seems to be opportunistic, i.e., the inflation target has been time-varying.
dc.language.isoeng
dc.publisherElsevier
dc.relation.ispartofseriesInternational Review of Economics and Finance
dc.subject.otherTaylorin sääntö
dc.subject.otherstock market
dc.subject.othercurrency market
dc.subject.otherTaylor rule
dc.titleStock market and exchange rate information in the Taylor rule : Evidence from OECD countries
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201705302569
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2017-05-30T12:15:12Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange1-18
dc.relation.issn1059-0560
dc.relation.numberinseries0
dc.relation.volume51
dc.type.versionacceptedVersion
dc.rights.copyright© 2017 Elsevier Inc. This is a final draft version of an article whose final and definitive form has been published by Elsevier. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.subject.ysopörssit
dc.subject.ysovaluuttamarkkinat
dc.subject.ysorahapolitiikka
jyx.subject.urihttp://www.yso.fi/onto/yso/p11924
jyx.subject.urihttp://www.yso.fi/onto/yso/p18381
jyx.subject.urihttp://www.yso.fi/onto/yso/p9949
dc.relation.doi10.1016/j.iref.2017.05.001


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