Interest rates set on economy-wide markets represent an important source of information to economic agents, within the class of business cycle models advanced by Lucas and Barro. This paper explores the information conveyed by such aggregate signals and the types of monetary policies that can ...
In this paper I compare a traditional demand oriented model of bank lending with its focus on short-term interest rates in the money market, to a non-tradi... RE Krainer,JR Lothian 被引量: 0发表: 2014年 A COMPARATIVE ANALYSIS BETWEEN THE FINANCIAL INSTABILITY HYPOTHESIS AND THE MONETARY TH...
Interest rates, aggregate information, and monetary policy Interest rates set on economy-wide markets represent an important source of information to economic agents, within the class of business cycle models advan... RG King - 《Journal of Monetary Economics》 被引量: 103发表: 1983年 The informa...
In this paper, we apply the recently introduced Gaussian estimation methodology in the estimation of a range of one factor short-term interest rate models on Japanese Certificate of Deposit (CD) and Gensaki interest rates. For Japan, the relationship between the volatility of rates and the level...
Interests Rates effects of lowinterestrateson consumption and investment Dec 1st 2012 | from The Economist print edition WHENinterestrateshit double digits in the late 1970s‚ house-builders sent planks of wood to the Federal Reserve in protest. Withratesstuck near zero‚ the protests now come ...
And when we assume a linearity of market rates and deposit rates, the data are represented from January 2003 to January 2020. In what follows, we deal with quarterly interest rate margin corresponding to some year quarter \(\left[ T,T+\frac{1}{4}\right] \). Additionally, the forward ...
economy from 1983 to 2007, a period known as the Great Moderation. The third regime is one in which policymakers keep policy interest rates at or near zero for the foreseeable future; Japanese data are used to estimate this regime. These time-series models include four variables: per capita ...
The results show incomplete interest rate pass-through but relatively lower in the long run in comparison with short-run pass-through for lending interest rates. However, the short-run pass-through for deposit interest rates is incomplete but moderate. Though incomplete in the long run, the ...
Homer S, Sylla R (2005) A history of interest rates. John Wiley & Sons Inc, Chichester Google Scholar Labat A, Block WE (2012) Money does not grow on trees: an argument for usury. J Bus Ethics 106(3):383–387 Article Google Scholar Mauss M (2002) The gift: the form and reaso...
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