Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?
Yıl: 2020 Cilt: 6 Sayı: 2 Sayfa Aralığı: 169 - 176 Metin Dili: İngilizce DOI: 10.22440/wjae.6.2.5 İndeks Tarihi: 25-06-2022
Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?
Öz: After the subprime meltdown, the Federal Reserve focused its attention on US non-
farm payroll data in order to pave the way for its fund rate hikes. As time went by,
the Federal Reserve deemed particularly one sub-component of this data, namely the
increments on average weekly wage growth as a proxy for in
ation and thus a plausible
explanation for raising the interest rates. In that aspect, we decide to elaborate on this
issue further and examine whether this implemented strategy indeed had a re
ection in
the real market. For doing so, we intend to determine whether there is any causality
relation in either direction between US average weekly wage increases and 10-year
Treasury Bond rates. We utilize the Toda-Yamamoto causality approach and come
up with a statistically signicant result between wages and bond rates. For robustness,
we also consider the unemployment rate and consumption expenditures as independent
variables.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Kısa Bildiri Erişim Türü: Erişime Açık
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| APA | özşuca e, Acar E (2020). Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. , 169 - 176. 10.22440/wjae.6.2.5 |
| Chicago | özşuca ekin ayşe,Acar Elif Oznur Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. (2020): 169 - 176. 10.22440/wjae.6.2.5 |
| MLA | özşuca ekin ayşe,Acar Elif Oznur Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. , 2020, ss.169 - 176. 10.22440/wjae.6.2.5 |
| AMA | özşuca e,Acar E Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. . 2020; 169 - 176. 10.22440/wjae.6.2.5 |
| Vancouver | özşuca e,Acar E Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. . 2020; 169 - 176. 10.22440/wjae.6.2.5 |
| IEEE | özşuca e,Acar E "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?." , ss.169 - 176, 2020. 10.22440/wjae.6.2.5 |
| ISNAD | özşuca, ekin ayşe - Acar, Elif Oznur. "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?". (2020), 169-176. https://doi.org/10.22440/wjae.6.2.5 |
| APA | özşuca e, Acar E (2020). Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. World Journal of Applied Economics, 6(2), 169 - 176. 10.22440/wjae.6.2.5 |
| Chicago | özşuca ekin ayşe,Acar Elif Oznur Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. World Journal of Applied Economics 6, no.2 (2020): 169 - 176. 10.22440/wjae.6.2.5 |
| MLA | özşuca ekin ayşe,Acar Elif Oznur Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. World Journal of Applied Economics, vol.6, no.2, 2020, ss.169 - 176. 10.22440/wjae.6.2.5 |
| AMA | özşuca e,Acar E Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. World Journal of Applied Economics. 2020; 6(2): 169 - 176. 10.22440/wjae.6.2.5 |
| Vancouver | özşuca e,Acar E Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?. World Journal of Applied Economics. 2020; 6(2): 169 - 176. 10.22440/wjae.6.2.5 |
| IEEE | özşuca e,Acar E "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?." World Journal of Applied Economics, 6, ss.169 - 176, 2020. 10.22440/wjae.6.2.5 |
| ISNAD | özşuca, ekin ayşe - Acar, Elif Oznur. "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?". World Journal of Applied Economics 6/2 (2020), 169-176. https://doi.org/10.22440/wjae.6.2.5 |
