ANALYZING THE PROPERTY-GILTS YIELD DIFFERENTIAL

Authors
GARDINER C HENNEBERRY J
Citation
C. Gardiner et J. Henneberry, ANALYZING THE PROPERTY-GILTS YIELD DIFFERENTIAL, Applied economics letters, 2(1), 1995, pp. 12-15
Citations number
11
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
2
Issue
1
Year of publication
1995
Pages
12 - 15
Database
ISI
SICI code
1350-4851(1995)2:1<12:ATPYD>2.0.ZU;2-6
Abstract
Forecast rather than actual values of variables are used in an analysi s of the property-gilts yield gap to mimic more closely the investor's decision-making environment. The estimated equations combine parsimon y with a high level of explanatory power. The yield gap is found to va ry simultaneously in all regions. This is attributed to the dominance of an aspatial influence: inflation.