Author: R. S. MaseraPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period
Author: Mr.Jun NagayasuPublisher: International Monetary Fund
ISBN: 1451874723
Category : Business & Economics
Languages : en
Pages : 32
Book Description
This paper empirically evaluates the validity of the term structure of interest rates in a low-interest-rate environment. Applying a time-series method to high-frequency Japanese data, the term-structure model is found to be useful for economic analysis only when interest rates are high. When interest rates are low, the usefulness of the model declines, since the interest spread contains little information that can be used for predicting future economic activity. The term-structure relationship is also weakened by the Bank of Japan's use of interest rate smoothing.
The Term Structure of Interest Rates
Author: David MeiselmanPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description
Predicting the Term Structure of Interest Rates
Author: Michiel David PooterThe term structure of interest rates
Author: Joseph BenchThe Term Structure of Interest Rates
Author: R. S. MaseraPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
Predicting the Term Structure of Interest Rates
Author: Michiel David PooterEstimating and Interpreting Forward Interest Rates
Author: Mr.Lars E. O. SvenssonPublisher: International Monetary Fund
ISBN: 1451853750
Category : Business & Economics
Languages : en
Pages : 76
Book Description
The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time-path of future interest rates, future inflation rates, and future currency depreciation rates. They separate market expectations for the short-, medium-, and long-term more easily than the standard yield curve. Forward rates are estimated with an extended and more flexible version of Nelson and Siegel’s functional form.
The Cyclical Behavior of the Term Structure of Interest Rates
Author: Reuben A. KesselPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
Book Description
Interest Rates
Author: Yasuo NishiyamaPublisher:
ISBN: 9781613247204
Category : Interest rates
Languages : en
Pages : 0
Book Description
Interest rates are directly related to our lives. When interest rates are high, we hold less cash and more interest-bearing assets because we face a high opportunity cost of holding cash. Interest rates are directly related to the economy. When interest rates are high, there are not as many viable opportunities for firms to invest as when they are low, leading to a lower level of investment and a lower level of economic activities. Interest rates are directly related to the objectives of countries' monetary policy. This book, entitled "Interest Rates: Term Structure Models, Monetary Policy and Prediction" sheds light on selected aspects of this multifaceted role of interest rates. Topics discussed include term structure models; policy interest rates and the usefulness of interest rates as a predictor.
The Forecasting Accuracy of Models of the Term Structure of Interest Rates
Author: Alan David KrausPublisher:
ISBN:
Category : Interest
Languages : en
Pages : 430
Book Description