Short-Term Interest Rates
Value, momentum, and short-term interest rates
... in short-term interest rates that further constrain their access to external ...high short-term interest ...high short-term interest rates, ...
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Synchronization and nonlinear interdependence of short-term interest rates:
... the interest-rate adjustment dynamics in the long run for France, the USA and the UK, we estimate a 3-equation VECM allowing for one cointegrating vector, and report the results in Table ...adjustment term ...
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Modelling Volatility of Short-term Interest Rates in Kenya
... smooth interest rates was desirable to avoid “whipsawing” the bond market (Goodfriend 1991), to contain the variability of the inflation tax (Barro 1989), and to stabilize the macro economy (Mankiw, Miron, ...
15
4. An Impact of Anticipated Inflation On Short–Term Interest Rates
... data, short term Treasury bill data and expected prices were constructed from Livingston survey, for the ...market rates adjust more strongly to inflationary expectations in the late 1960s and ...
13
An Infinite Hidden Markov Model for Short term Interest Rates
... Figures 3 and 4 display the posterior mean of the model parameters subject to regime change (E[λ s t |y 1:T ], E[β s t |y 1:T ] and E[σ s t |y 1:T ]). There is considerable time variation in all parameters. A fixed ...
34
The impact of short- term interest rates on bank funding costs
... costs, short-term interest rates, long-term interest rates ...at interest rates that are higher than the cost of the money they ...(short term ...
8
Regime-Switching Stochastic Volatility and Short-Term Interest Rates.
... of short-term interest ...for interest rates captures all possible exogenous shocks that are either continuous in the form of `market-news' events or discrete as occurring from possible ...
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Threshold dynmamics of short-term interest rates: empirical evidence and implications for the term structure
... the short-term interest rate, depending linearly on its own past only, is the single driving force of the whole term ...of short- term interest rates is better ...
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The Non-Linear Evolution of High Frequency Short Term Interest Rates
... future interest rates, then it may be expected that the expectation of rates at a given date in the future will impact significantly the expectation of rates at subsequent ...as short ...
41
Conducting Monetary Policy at Very Low Short-Term Interest Rates
... zero short-term interest rate, until certain eco- nomic conditions ...keep interest rates at zero until the economic condi- tions are met, a type of policy we have already ...future ...
6
Do ECB's Statements Steer Short-Term and Long-Term Interest Rates in the Euro Zone ?
... of short-term interest rates and long-term interest ...euro interest rates tend to rise and, vice- versa, if the statement moves from hawkish to neutral, or from ...
30
Time series behavior of the short-term real interest rates in industrial countries
... among interest rates and also among inflation rates of these countries than those of other industrial ...and short-term interest rates within a European country when these ...
13
Forecasts of U.S. short-term interest rates: a flexible forecast combination approach
... forward rates to forecast future spot rates may vary across forecast horizons: forward rates appear to be unbiased predictors of movements in future spot rates at longer horizons but perform ...
30
The effects of short-term interest rates on output, price and exchange rates: recent evidence from China
... closely short-term interest rates as operating ...on short-term money market interest rates as operating objectives, favouring averaging reserve requirements, using ...
19
Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach
... changes in interest rates are related not only to changes in the money stock but also to changes in real income, the price level and inflation.13 Hence short—term interest rates might be[r] ...
45
The Global Financial Crisis and the Behaviour of Short-Term Interest Rates International and Serbian Aspects
... lending rates, a difficulty, or impossi- bility, for the corporate sector to use cheap cross-border loans and a reduction in the supply of foreign exchange on that ...key interest rate that has been ...
16
Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates
... the term structure of interest rates—the proposition that the long-term rate is determined by the market’s expectation of the short-term rate over the holding period of the ...
32
Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates
... the term structure of interest rates—the proposition that the long-term rate is determined by the market’s expectation of the short- term rate over the holding period of the ...
30
Monetary policy and short-term real rates of interest
... and Short-Term Real Rates of Interest ...prevailing interest rate and level of income, people are holding more money than they want This causes portfolio holders to attempt to reduce ...
7
Monetary Policy and the Term Structure of Interest Rates When Short-Term Rates Are Close to Zero
... long-term rates through the expectations hypothesis (EH) when the policy rate is essentially ...the term structure of interest rates is attractive, because it directly links ...
20