zero interest rate policydeflationJapanliquidity trapstate-space modelsJapan's more than a decade long "Great Recession" has presented a disconcerting case of what could happen if interest rates are bounded by zero and deflation sets in. Since Krugman (1998), the commonplace observation is that ...
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...
This study tests for nonlinearities in the real interest differentials of four South East Asian economies with respect to Japan and the United States. The logistic and exponential smooth transition regression models are applied to monthly data over the sample period 1977M1–2000M3. There is evidence...
In 2019, the real interest rate in Australia decreased by 1.7 percentage points (-51.2 percent) compared to 2018.
The Exchange Rate-Interest Differential Relation over the Modern Floating-Rate Period In this paper, we explore the relationship between real exchange rates and real interest rate differentials in the United States, Germany, Japan, and the United Kingdom. Contrary to theories based on the joint ...
1.Real Interest Rate and Economic Growth;实际利率水平与中国经济增长 2.An Analysis on the Interaction Effect between Real Interest Rate and Real Effective Exchange Rate of RMB;人民币实际利率与实际有效汇率互动关系研究 3.In this paper,choosing the data from China,United State and Japan,under the ...
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higher than average capital returns and investment is closely related to the gap between capital return and natural interest rate.The effects of monetary policies are industrially different while dependence of foreign trade,capital returns,and fixed assets per capita can effectively explain the difference...
is not the “correct” real interest, despite the fact that it is the only direct, objective, measure of real interest rates that we have. If you were looking for a risk-free real interest rate, what better place is there to look than the rate on indexed, risk-free, government bonds?
Japan: Real Net Exports Mnemonic NETEX$.IJPN Unit Bil. Ch. 2015 JPY, SAAR Adjustments Seasonally Adjusted at Annual Rate Quarterly 43.13 % Data 2024 Q3 995.8 2024 Q2 1,750 Series Information Source Economic and Social Research Institute - Japan Release SNA (National Accounts of ...