Fig 1.
Impact of interest income on aggregate demand.
Fig 2.
Impact of interest expense on macroeconomy and individual firm.
Fig 3.
Impact of EM and EC on demand and supply.
Fig 4.
Mechanism of long run self adjustments.
Table 1.
ADF Unit Root Test.
Table 2.
ADF Unit Root Test.
Table 3.
ADF Unit Root Test.
Table 4.
ADF Unit Root Test.
Table 5.
ADF Unit Root Test.
Table 6.
Lag length selection (proposed model).
Fig 5.
Inverse roots of AR characteristic polynomial for Australian data when P = 4 (proposed model).
Table 7.
Serial correlation LM test for Australian data when P = 4 (proposed model).
Fig 6.
Inverse roots of AR characteristic polynomial for Japanese data when P = 1 (proposed model).
Table 8.
Serial correlation LM test for Japanese data when P = 1 (proposed model).
Fig 7.
Inverse roots of AR characteristic polynomial for Korean data when P = 1 (proposed model).
Table 9.
Serial correlation LM test for Korean data when P = 1 (proposed model).
Fig 8.
Inverse roots of AR characteristic polynomial for Swiss data when P = 2 (proposed model).
Table 10.
Serial correlation LM test for Swiss data when P = 2 (proposed model).
Fig 9.
Inverse roots of AR characteristics polynomial for British data when P = 2 (proposed model).
Table 11.
Serial correlation LM test for British data when P = 2 (proposed model).
Table 12.
Lag length selection (Fisherian model).
Fig 10.
Inverse roots of AR characteristic polynomial for Australian data when P = 1 (fisherian model).
Table 13.
Serial correlation LM test for Australian data when P = 1 (Fisherian model).
Fig 11.
Inverse roots of AR characteristic polynomial for Japanese data when P = 2 (Fisherian model).
Table 14.
Serial correlation LM test for Japanese data when P = 2 (Fisherian model).
Fig 12.
Inverse roots of AR characteristic polynomial for Korean data when P = 1 (Fisherian model).
Table 15.
Serial correlation LM test for Korean data when P = 1 (Fisherian model).
Fig 13.
Inverse roots of AR characteristic polynomial for Swiss data when P = 1 (Fisherian model).
Table 16.
Serial correlation LM test for Swiss data when P = 1 (Fisherian model).
Fig 14.
Inverse roots of AR characteristic polynomial for British data when P = 1 (Fisherian model).
Table 17.
Serial correlation LM test for British data when P = 1 (Fisherian model).
Table 18.
VAR Granger Causality/Block Exogeneity Wald Test (proposed model).
Table 19.
VAR Granger Causality/Block Exogeneity Wald Test (Fisherian model).
Table 20.
VAR Granger Causality/Block Exogeneity Wald Test (Fisherian model).
Table 21.
ARDL Bounds Testing for Australian data under proposed framework.
Table 22.
ARDL Bounds Testing for Japanese data under proposed framework.
Table 23.
ARDL Bounds Testing for Korean data under proposed framework.
Table 24.
ARDL Bounds Testing for Swiss data under proposed framework.
Table 25.
ARDL Bounds Testing for Australian data under Fisherian framework.
Table 26.
ARDL Bounds Testing for Japanese data under Fisherian framework.
Table 27.
ARDL Bounds Testing for Korean data under Fisherian framework.
Table 28.
ARDL Bounds Testing for Swiss data under Fisherian framework.
Fig 15.
Stability diagnostic of cointegrating relationship for Australian data with constand fixed regressor under proposed framework.
Fig 16.
Stability diagnostic of cointegrating relationship for Australian data with linear trend as fixed regressor under proposed framework.
Fig 17.
Stability diagnostic of cointegrating relationship for Australian data with no fixed regressor under proposed framework.
Fig 18.
Stability diagnostic of cointegrating relationship for Japanese data with linear trend as fixed regressor under proposed framework.
Fig 19.
Stability diagnostic of cointegrating relationship for Japanese data with no fixed regressor under proposed framework.
Fig 20.
Stability diagnostic of cointegrating relationship for Korean data with constant fixed regressor under proposed framework.
Fig 21.
Stability diagnostic of cointegrating relationship for Korean data with linear trend as fixed regressor under proposed framework.
Fig 22.
Stability diagnostic of cointegrating relationship for Korean data with no fixed regressor under proposed framework.
Fig 23.
Stability diagnostic of cointegrating relationship for Swiss data with constant fixed regressor under proposed framework.
Fig 24.
Stability diagnostic of cointegrating relationship for Swiss data with linear trend as fixed regressor under proposed framework.
Fig 25.
Stability diagnostic of cointegrating relationship for Australian data with no fixed regressor under Fisherian framework.
Fig 26.
Stability diagnostic of cointegrating relationship for Japanese data with no fixed regressor under Fisherian framework.
Fig 27.
Stability diagnostic of cointegrating relationship for Korean data with no fixed regressor under Fisherian framework.
Fig 28.
Stability diagnostic of cointegrating relationship for Swiss data with no fixed regressor under Fisherian framework.