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Interest Rates, Nominal

Toda-Yamamoto Causality Test between Inflation and Nominal Interest Rates: Evidence from Three Countries of Europe

Toda-Yamamoto Causality Test between Inflation and Nominal Interest Rates: Evidence from Three Countries of Europe

... relationship has serious effects on monetary policymakers, given that inflation’s expectations can affect the nominal interest rate directly. Furthermore, the validity on Fisher’s result has important ...

10

The Relationship between Nominal Interest Rates and Inflation: New Evidence and Implication for Nigeria

The Relationship between Nominal Interest Rates and Inflation: New Evidence and Implication for Nigeria

... between nominal interest rates and expected inflation in the Nigerian ...between nominal interest rates and expected inflation, which implies that nominal interest ...

12

Exchange rate policy and the zero bound on nominal interest rates

Exchange rate policy and the zero bound on nominal interest rates

... In this paper, we study the effectiveness of monetary policy in a severe recession and defla- tion when nominal interest rates are bounded at zero. We compare two alternative proposals for ameliorating ...

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Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination

Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination

... Chilean and Uruguayan tablitas (see Figure 1). Thus, as argued by Vegh (1992), the 'temporariness' hypothesis is capable of generating predictions that match most of the stylized facts of exchange rate-based ...

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The Optimal Quantity of Money Consistent with Positive Nominal Interest Rates

The Optimal Quantity of Money Consistent with Positive Nominal Interest Rates

... tax rates will provoke people’s antipathy and reduce the probability of being reelected, which makes the government uncomfortable because it expects that it cannot expend money to achieve its purposes if it loses ...

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Optimal exchange rate policy in a low interest rate environment

Optimal exchange rate policy in a low interest rate environment

... lower interest rates to stimulate aggre- gate demand. In a low interest rate environment, the scope of monetary-policy easing however is limited by the zero lower ...exchange rates as another ...

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Interest Rate Determination in Small Developing Countries

Interest Rate Determination in Small Developing Countries

... of interest rates to the domestic rate of ...equilibrium nominal interest rates adjust to changes in inflationary expectations induced by changes in the money supply growth ...Thus ...

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4. An Impact of Anticipated Inflation On Short–Term Interest Rates

4. An Impact of Anticipated Inflation On Short–Term Interest Rates

... of Nominal Interest Rates - Taking expected inflation as an independent variable to find the impact on nominal interest rate, study revealed positive partial ...on interest ...

13

The Fisher Effect Using Differences in The Deterministic Term

The Fisher Effect Using Differences in The Deterministic Term

... between nominal interest rates and expected ...of interest rates as a hedge against inflation as a predictor of inflation as from ...that interest rates in the G7 ...

19

On The Fisher Effect: A Review

On The Fisher Effect: A Review

... that interest rates in the G7 countries are not linked to inflation rates in the long run ...that interest rates failed to fully adjust to inflation due to variation in the implicit ...

10

Real Time Time Varying Equilibrium Interest Rates: Evidence on the Czech Republic

Real Time Time Varying Equilibrium Interest Rates: Evidence on the Czech Republic

... equilibrium interest rates in the Czech ...real interest rate and policy neutral rate (i.e. nominal interest rate, when inflation is at the target and output at its ...and ...

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EXPLORING THE GIBSON LAW IN CEE COUNTRIES USING A TIME SERIES APPROACH

EXPLORING THE GIBSON LAW IN CEE COUNTRIES USING A TIME SERIES APPROACH

... of nominal assets in turn causes the observed correlation between yield and price ...between interest rates and the price level, casting doubt on the foundation for this empirical fact as pointed by ...

15

Financial frictions and the zero lower bound on interest rates: a DSGE analysis

Financial frictions and the zero lower bound on interest rates: a DSGE analysis

... …ndings are worth to be highlighted. First, the recession is magni…ed in the presence of both …nancial frictions and a binding constraint on nominal in- terest rates. Second, when the central bank adopts a ...

56

Error Correction Based Panel Estimates of the Demand for Money of Selected Asian Countries with the Extreme Bounds Analysis

Error Correction Based Panel Estimates of the Demand for Money of Selected Asian Countries with the Extreme Bounds Analysis

... the nominal short and long term interest rates, rate of inflation and the exchange rate, in addition to real income are all robust determinants of the demand for money; hence the principal components ...

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Economies of scale in banking, indeterminacy, and monetary policy

Economies of scale in banking, indeterminacy, and monetary policy

... from the dynamic system and the proof exactly follows that of CF’s proposition pertaining to determinacy under the same policy rule. Although households hold deposits in equilibrium, determinacy is independent of and ...

22

Real interest rate differentials and the real exchange rate: Evidence from four African countries

Real interest rate differentials and the real exchange rate: Evidence from four African countries

... real interest rates have played an important role in explaining the recent behavior of the real exchange ...domestic nominal and real interest rates to policies designed to liberalize ...

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Non linear convergence in Asian interest rates and inflation rates

Non linear convergence in Asian interest rates and inflation rates

... of nominal interest convergence in all cases and regardless of the reference country, except for Indonesia against the ...of nominal interest convergence in all cases relative to Japan, except ...

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Declining discount rates and the Fisher Effect : Inflated past, discounted future?

Declining discount rates and the Fisher Effect : Inflated past, discounted future?

... from nominal to real interest rates in ...the nominal interest rate series. Real and nominal interest rate volatility also ...real interest rates follow a ...

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Financial Integration of East Asian Economies: Evidence from Real Interest Parity

Financial Integration of East Asian Economies: Evidence from Real Interest Parity

... real interest rates of one country will take account of the expected ...real rates is subject to the constraint that the price series is only available since 1987 as recorded by the ...The ...

33

Interest Rates and Structural Shocks in European Transition Economies

Interest Rates and Structural Shocks in European Transition Economies

... short-term interest rates in countries with flexible exchange rate arrangement in the model for extended period seem to be also affected by the effects of the crisis ...term interest rates in ...

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