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Interest rate rules

Interest rate rules and welfare in open economies

Interest rate rules and welfare in open economies

... five interest rate rules of the Taylor (1999) ...lagged interest rate term, high feedback on inflation and low feedback on output is found to perform well in terms of stabilising ...

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The Performance and Robustness of Interest Rate Rules in Models of the Euro Area

The Performance and Robustness of Interest Rate Rules in Models of the Euro Area

... of interest-rate rules for model-based evalu- ations of monetary ...the interest rate in response to forecasts of fu- ture inflation, we assumed in our analysis that these forecasts hap- ...

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Deep Habits, Nominal Rigidities and Interest Rate Rules

Deep Habits, Nominal Rigidities and Interest Rate Rules

... different interest rate rules studied ...nominal interest rate only responds to current ...an interest rate rule that has α π > 1, will generate high real ...

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Macrodynamics of debt financed investment led growth with interest rate rules

Macrodynamics of debt financed investment led growth with interest rate rules

... given rate of growth of output or rate of capacity utilization is explicitly included in the ...given rate of growth of output or rate of capacity utilization is known variously as the ‘normal ...

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Interest rate rules VS money growth rules: some theoretical issues and an empirical application for Venezuela

Interest rate rules VS money growth rules: some theoretical issues and an empirical application for Venezuela

... In this section calibrated versions of the models discussed previously using data from the Venezuelan economy are set up and solved. In contrast to the theoretical models that include only forward-looking and ...

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Central bank misperceptions and the role of money in interest rate rules. NBB Working Papers. No. 147, 16 October 2008

Central bank misperceptions and the role of money in interest rate rules. NBB Working Papers. No. 147, 16 October 2008

... the rate of inflation. If it were to raise interest rates further its forecast would signal a worsening of the recession and an undershooting of its inflation ...

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Monetary Policy Response to Exchange Rates: An Empirical Investigation

Monetary Policy Response to Exchange Rates: An Empirical Investigation

... exchange rate into simple interest rate ...exchange rate channel (in addition to interest rate channel) in open economies, Ball (1998) appended (a change in the real) exchange ...

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Learning about Monetary Policy Rules when Long Horizon Expectations Matter

Learning about Monetary Policy Rules when Long Horizon Expectations Matter

... instrument rules: (1) nomi- nal interest-rate rules that depend only on the history of exogenous disturbances and (2) Taylor rules that specify a path for the nomi- nal interest ...

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Interest Rate Rigidity and the Fisher Equation

Interest Rate Rigidity and the Fisher Equation

... nominal interest rates. The model’s inflation responds to interest rate changes (both nominal and real) by mov- ing in the opposite ...to interest rate data from the last century. The ...

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Interest Rate Trends in a Global Context

Interest Rate Trends in a Global Context

... Long-term interest rates have been falling globally since the early 1980s and have reached historically low ...long-term interest rate ...in interest rate ...States interest ...

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Policy irreversibility and interest rate smoothing

Policy irreversibility and interest rate smoothing

... the interest rate is currently quite high, but is likely to decline in the next ...policy rate will increase the probability of policy reversal ...policy rate unchanged if such a future policy ...

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Negative Interest Rate Policy in Switzerland

Negative Interest Rate Policy in Switzerland

... In addition to the interest rate and the exchange rate channels, the monetary pol- icy also affects the economy through asset prices, wealth and risk effects. Higher li- quidity usually goes hand in ...

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One essay on time inconsistent preferences and competitive equilibrium and two essays on optimal monetary policy

One essay on time inconsistent preferences and competitive equilibrium and two essays on optimal monetary policy

... Myopic individuals can be classified into two types depending on the def- inition of myopic equilibrium we choose to work. Myopic individuals who mispredict equilibrium asset prices in the future and myopic individuals ...

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Topics in Empirical Finance: Real Interest Rate Parity, Uncovered Interest Rate Parity, and Forecasting Inflation.

Topics in Empirical Finance: Real Interest Rate Parity, Uncovered Interest Rate Parity, and Forecasting Inflation.

... rate differential on its change depends on its own size. Arbitrage activities will occur only if the lagged differential is large enough. Otherwise the arbitrage activities may stop because of the transactions ...

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Calibration of the chaotic interest rate model

Calibration of the chaotic interest rate model

... LIBOR rate and swap rate volatility by the application of the short rate ...Short Rate Model, the Market Model and the Potential ...many interest rate models developed by various ...

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The Interest Rate and the Length of Production: A Comment

The Interest Rate and the Length of Production: A Comment

... same interest rate, but Hayek was critical of any approach to understanding the lengthening of the structure of production by means of looking at shifts in labor instead of capital (1936: 496, ...

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Financial intermediation and interest rate risk

Financial intermediation and interest rate risk

... (BHC) interest rate risk with respect to the maturity of securitized assets over the 2001 to 2009 ...growth rate (AGR); equity capital (CAP) calculated as the ratio of BHC’s book value of equity ...

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New Evidence on Interest Rate and Foreign Exchange Rate Modeling

New Evidence on Interest Rate and Foreign Exchange Rate Modeling

... short-term interest rate displays a martingale behavior over a range between 3% and ...the interest rate seems less predictable and none of the restricted interest rate models ...

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Impact of Interest Rate on Investment in Nigeria

Impact of Interest Rate on Investment in Nigeria

... deregulated interest rate. Interest rate became market driven where the forces of demand and supply determined interest rate ...prices interest rate inclusive, ...

8

Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit

Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit

... of interest (riba), no matter its form or ...of interest is associated with degreeti-capitalist and an obstacle to the correct functioning of a contemporary economy and a prejudicious issue to economic ...

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