nominal interest rates
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 ...
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Toda-Yamamoto Causality Test between Inflation and Nominal Interest Rates: Evidence from Three Countries of Europe
... that nominal interest rates and expected inflation move in parallel in a long run basis for the three examined ...on interest rates in a long run basis on Germany by ...run ...
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Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
... in nominal interest rates, which was in the order of 5 percent per quarter, produces an increase in consumption that fails to account for any significant fraction of the actual ...which ...
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Exchange rate policy and the zero bound on nominal interest rates
... such expectations can be induced by implementing a policy rule that keeps the price level trend-stationary. More recently, Eggertsson and Woodford (2003) analyze the possibility of managing expectations regarding future ...
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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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Exchange rates, capital, output and debt when nominal interest rates are policy parameters
... This relates the log of nominal money demand t o the level of the nominal rate o f interest, r, and to the logs of current real income q and a domestic expenditure price index p, which i[r] ...
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The Fisher Effect Using Differences in The Deterministic Term
... that nominal interest rates move one for one with ...and interest rate ...between nominal interest rates and ...between nominal interest rates and ...
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Financial frictions and the zero lower bound on interest rates: a DSGE analysis
... when nominal interest rates reach the lower bound, monetary policy will become impotent in stimulating de- ...the nominal interest rate hits its ...on nominal interest ...
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Declining discount rates and the Fisher Effect : Inflated past, discounted future?
... real interest rates underpin one argument for using a declin- ing term structure of social discount rates in the Expected Net Present Value (ENPV) ...treat nominal interest rates ...
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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 ...
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4. An Impact of Anticipated Inflation On Short–Term Interest Rates
... “Interest Rates and Inflationary Expectations: Tests for Structural Changes 1952-1976” studied the relationship between the nominal interest rates and anticipated inflation rates ...
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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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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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Interest Rates and Structural Shocks in European Transition Economies
... of interest rates and other main macroeconomic ...of interest rates for the transmission process of the monetary ...long-term interest rates as a crucial indicator for monetary ...
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On The Fisher Effect: A Review
... and interest rates in the US are trend ...between nominal interest rates and inflation while accounting for structural breaks and mean- reversion using the Threshold Autoregressive ...
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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 ...
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Causal Relationship between Money and Inflation during a High Inflation Period: The Case of Turkey
... bias, nominal interest rates and exchange rates are added to the bivariate ...and interest rates improves the significance of causality from money supply to ...exchange ...
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Optimal exchange rate policy in a low interest rate environment
... when nominal interest rates are unusually low, as experienced by several Asian economies and Japan since July ...a nominal depreciation to o¤set contractionary dis- ...a nominal ...
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Real Time Time Varying Equilibrium Interest Rates: Evidence on the Czech Republic
... equilibrium interest rate estimation in one of EU new member states, the Czech Republic, based on various specifications of simple Taylor#type monetary policy ...evaluate nominal as well as real equilibrium ...
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Error Correction Based Panel Estimates of the Demand for Money of Selected Asian Countries with the Extreme Bounds Analysis
... of interest and these additional variables as a proxy for the cost of ...of interest, long term rate of interest, rate of inflation, log of the exchange rate, credit conditions, and a multiplicative ...
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