However in the 1990s the ex ante real interest rate was persistently higher than the equilibrium, indicating the pessimistic expectations among agents. The time-varying speed of convergence to the equilibrium appears to slow down considerably in 1996-99, making the misalignment in the real interest ...
In the lower interest rate regime, if the real rate of interest on savings is sufficiently low, the low rate of return on deposits persuades savers to transfer some savings out of the banking system, and into unintermediated storage. This “disintermediation” validates the argument that banks...
real interest rates. We use a measure of the equilibrium real interest rate differential between Japan and the United States to draw inferences about the nature of financial interdependence between the two countries. We also measure the speed at which the real interest rate differential converges to...
As of December 2024, the maximum interest rate for fixed-rate Flat 35 housing loans of up to 20 years with a loan-to-value ratio of 90 percent or less in Japan stood at 3.18 percent.
Real interest rates in Malaysia 2013-2023 Real interest rates in Australia 2010-2019 Interest rate in China's interbank lending market by month 2020-2024 Monthly inflation rate and central bank interest rate in Brazil 2018-2024 Average interest rate on savings of commercial banks in Indonesia 2015...
Determinants of Short-Term Real Interest Differentials between Japan and the United Statesinterest ratetime factorMany past studies of relative financing costs ... RC Marston - National Bureau of Economic Research, Inc 被引量: 1发表: 1992年 Determinants of Short-Term Real Interest Differentials Betwe...
andchangesintechnology.Theempiricalrelevanceofthesefactorsisexploredus-ingacomputabledynamicOLGmodel.Wefindthatthecombinedeffectsofdemographicsandslowertotalfactorproductivitygrowthsuccessfullyexplainboththelevelsandthemagnitudesofthede-clinesinthesavingrateandtheafter-taxrealinterestrateduringthe1990s.Modelsimulations...
low interest rates and huge monetary expansions failed to promote real economic growth in Japan.Quantitative easing (QE)did not achieve its stated objectives in the United States or the European Union (EU), nor have chronically low interest rates been able to revive Japan's once-thriving ...
The dynamic relationship between real exchange rates, real interest rates and foreign exchange reserves: empirical evidence from China This article examines the long-run and short-run relationship between China's real exchange rate, foreign exchange reserves and the real interest rate diff... PK Nara...
Japan keeps interest rate unchanged amid deflation 来自 highbeam.com 喜欢 0 阅读量: 12 作者: Y Kageyama 收藏 引用 批量引用 报错 分享 全部来源 求助全文 highbeam.com 相似文献A REAL RISK OF DEFLATION When policymakers at the Federal Reserve voted to slash interest rates at their Oct. 28 -...