We are delighted to share with you a ground-breaking OPEN ACCESS article produced by our Convenor Prof. Richard Werner and his colleague Kang-Soek Lee, published in the renowned International Journal of Finance and Economics.
In this article, Prof. Werner and Dr. Lee challenge the conventional wisdom about inverse relationship between interest rates and economic growth: that is to say that when interest rates go up, economic growth goes down and vice versa. By employing advanced econometric techniques, they test this dominant theory in monetary and finance economics. Yet, the empirical results do not confirm with the economic reality.
To find out more, please follow this link and read the article in full.