Real long-term interest rates (%)
The Determinants of Real Long-Term Interest Rates
... Real long-term interest rates are key determinants of longer-term saving and investment decisions, while their influence on business spending, housing investment and the ...
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Determinants of the expected real long-term interest rates in the G7-countries
... Expected real long-term interest rates turn out to be influenced positively by real short-term interest rates, capacity utilization and structural public borrowing.. JEL Classification: [r] ...
20
REAL LONG-TERM INTEREST RATES: THE EVIDENCE FROM POOLED-TIME-SERIES
... on real long-term interest ...for long-term interest rates to react to both observed and expected changes in policy-controlled short-term ...
33
Real long-term interest rates and monetary policy: a cross-country perspective
... The real rate of interest is a central concept in ...the real rate for our understanding of intertemporal choice, operationalising the concept turns out to be ...contracts, real rates ...
24
Government Debt and Long-Term Interest Rates
... their rates of return are equalized in equilibrium, we use real long-term interest rates on government bonds as the dependent ...variable. Real long-term ...
25
Monetary policy and long-term interest rates
... To illustrate, consider an aggressive increase in the funds rate intended to reduce the trend rate of inflation. Such a tightening can shift both components of the bond rate. If the Fed’s disinflation policy is credible, ...
23
Monetary policy and short-term real rates of interest
... the long-run policy ineffectiveness of increasing real balances to reduce real interest ...for real money balances lagged one period is significantly positive and is not statistically ...
7
Monetary policy shocks and long-term interest rates
... in long bond yields is caused by exoge- nous shocks to the bond yields ...to real economic activity (as measured by the employment variable EM t ), price changes, or monetary ...on long-bond yields ...
25
Monetary policy actions and long-term interest rates
... and long-term rates, consider a sim- plified example in which an investor has a four-year investment horizon and the option of purchasing a 1-year, 2-year, 3-year, or 4-year ...the ...
17
Unconventional Monetary Policy and Long-Term Interest Rates
... the real GDP gap, the survey measures of real growth uncertainty by an eight-quarter trailing standard deviation of the real GDP growth rate, and inflation uncertainty by a 24-month trailing standard ...
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Short-Term Movements of Long-Term Real Interest Rates: Evidence from the U.K. Indexed Bond Market
... he fact that the model based on p3, which it proxy for long-term expected inflation, of 0.1427 is nearly 10 percent smaller than ates that, though nominal interest rates may expected inf[r] ...
31
The Aggregate Demand Effects of Short- and Long-Term Interest Rates
... of term premiums derived from the models herein and that in other research provides some comfort that the estimation results regarding the effects of term premiums on real activity may not be solely ...
36
Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy
... Thereafter, with the nominal money supply fixed at the new level and the price level continuing to rise, the real money stock falls continuously and the short— term nominal interest rate[r] ...
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Short and long term interest rates and the effectiveness of monetary and macroprudential policies
... for long-term rates, since the link between the interest rate and the macroeconomic variables is weaker, it is not optimal for monetary policy to respond strongly to any of the variables ...
26
FURTHER THOUGHTS ON LONG-TERM RATES OF INTEREST IN THE VALUATION OF A PENSION FUND
... The results on the three bases for the real rate of return over earnings for investment in ordinary shares over periods of 20 years are compared in Table 10, which also shows correspondi[r] ...
24
The Inflation Premium Implicit in the US Real and Nominal Term Structures of Interest Rates
... As long as the selected issues are selling at or very near par, these represent valid points on the par bond yield ...short-term interest rates or ...
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Time series behavior of the short-term real interest rates in industrial countries
... Introduction Real interest rate plays a crucial role in investment, savings and almost all intertemporal ...the long-run equilibrium value of real interest rate stays around a constant ...
13
Do Long-Term Interest Rates Overreact to Short-Term Interest Rates?
... The previous section demonstrates the failure of the expectations theory of the term structure. The alternative hypothesis, that longer rates respond too much to short rates, cannot ex[r] ...
25
Response of Long-Term Interest Rates to Overnight Interest Rates in the United States
... the long-term interest rates is a practical problem for private and public ...estimate interest rates for purposes of assigning value to long-term obligations such ...
13
Monetary Policy and Long-term Interest Rates
... restrictions. Christiano, Eichenbaum and Evans (1999) provide an excellent survey of the recent applications of VAR in the empirical studies of the monetary policy effects. Nonetheless, a VAR is a reduced-form system ...
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