Some Key Empirical Determinants of Short-Term Nominal Interest Rates

Inflation is the main determinant of the stochastic component of short-term nominal interest rates. The Federal Reserve can, therefore, permanently lower short rates only by reducing inflation. In the short run, the behavior of nominal rates is determined primarily by the outlook for inflation, by Fed policy, and by the state of the economy. Several customary fiscal policy measures do not affect the short rate in the short run

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Year of publication:	2012
Authors:	Mehra, Yash P.
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Zins \| Interest rate \| Geldpolitik \| Monetary policy \| Inflation \| Realzins \| Real interest rate \| Schätztheorie \| Estimation theory

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Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: FRB Richmond Economic Quarterly, vol. 81, no. 3, Summer 1995, pp. 33-51 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1995 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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