Author: Kimberly B. DukePublisher:
ISBN:
Category :
Languages : en
Pages : 114
Book Description
An Empirical Analysis of Determinants of Long-term Interest Rates
Author: Kimberly B. DukeThe Determinants of Real Long-term Interest Rates
Author: Adrian OrrPublisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 50
Book Description
University of Aberdeen. Scheme for the Extension of the Buildings. Appeal for Further Subscriptions
Author: Changes in the Relationship Between the Long-Term Interest Rate and its Determinants
Author: Mr.William LeePublisher: International Monetary Fund
ISBN: 145185465X
Category : Business & Economics
Languages : en
Pages : 30
Book Description
This paper assesses the relative importance of alternative explanations for the rise in long-term interest rates in the United States from October 1993 to April 1994. Standard econometric models of the term structure are shown to have a structural break in the early 1980s. An important reason for this change in the traditional term structure relationship appears to be an increase in the responsiveness of long-term rates to changes in the stance of monetary policy. Augmented term structure models that explicitly incorporate the role of monetary policy in determining the level of long-term rates are then constructed. These models track variations in the long-term rate better than traditional term structure models, but still leave a significant fraction of the recent increase in long-term rates unexplained.
Long-term and Short-term Interest Rates in the United States
Author: Ary Lans BovenbergSome Key Empirical Determinants of Short-Term Nominal Interest Rates
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Federal Reserve Bank of Richmond presents the full text of an article entitled "Some Key Empirical Determinants of Short-Term Nominal Interest Rates," by Yash P. Mehra. The article was published in the Summer 1995 issue of "Economic Quarterly." Mehra discusses inflation as a main determinant of the stochastic component of short-term nominal interest rates.
An Inquiry Concerning Long-term US Interest Rates Using Monthly Data
Author: Tanweer AkramPublisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 57
Book Description
Monetary Policy, Interest Rate Rules, and the Term Structure of Interest Rates
Author: Ralf FendelPublisher: Peter Lang Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Interest rate rules play an important role in the empirical analysis of monetary policy as well as in modern monetary theory. Besides giving a comprehensive insight into this line of research the study incorporates the term structure of interest rates into interest rate rules. This is performed analytically as well as empirically. In doing so, state of the art techniques of modern finance for the analysis of the term structure of interest rates are introduced into the macroeconomic concept of interest rate rules. The study implies that from the theoretical perspective term structure effects are an important extension of interest rate rules. From an empirical perspective it shows that including term structure effects in interest rate reaction functions improves our understanding of the interest rate setting of the Deutsche Bundesbank and the European Central Bank.
Determinants of Long-Term Interest Rates in the United States
Author: Charles Kweku Konadu-AdjeiPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
On Interest Rates and Asset Prices in Europe
Author: M. M. G. FasePublisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
Book Description
Presenting 25 years of empirical research on interest rates and a variety of asset prices, this text aims to deepen understanding of asset price inflation. It includes an analysis of the measurement of interest rates, with case studies from The Netherlands, Belgium and EMU, and emphasizes statistical measurement and the attempt to understand interest rate behaviour through statistical estimation. The text also includes an examination of historical interest rate development in the long run, both theoretically and empirically. The behaviour of bonds, stocks, and investment in art are analyzed, as well as the factors indispensable for a monetary strategy designed to target inflation.