Search Results - subject:"real interest rate"

Beyer, Andreas; Farmer, Roger E. A. - 2021

in the real interest rate that was translated into a simultaneous increase in unemployment and inflation by passive Fed …

Persistent link: https://www.econbiz.de/10013320253

Assessing Monetary Policy in Norway

Andreassen, Harald Magnus; De Grauwe, Paul; Solheim, Haakon - 2021

We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the reasons why the real interest rates are significantly higher in Norway than in the rest of Europe. Finally we propose some institutional changes that can improve the policy...

Persistent link: https://www.econbiz.de/10013320719

The financial (in)stability real interest rate, r**

Akinci, Ozge; Benigno, Gianluca; Del Negro, Marco; … - 2021

Persistent link: https://www.econbiz.de/10012439178

Natural real rates of interest across Euro area countries: areR-stars getting closer together?

Reichenbachas, Tomas; Jurkšas, Linas; Kaminskas, Rokas - 2021

Persistent link: https://www.econbiz.de/10012494385

A Model of Credit, Money, Interest, and Prices

Bigio, Saki; Sannikov, Yuliy - National Bureau of Economic Research - 2021

This paper integrates a realistic implementation of monetary policy through the banking system into an incomplete-markets economy with wage rigidity. Monetary policy sets policy rates and alters the supply of reserves. These tools grant independent control over credit spreads and an interest...

Persistent link: https://www.econbiz.de/10012496093

Financial and Total Wealth Inequality with Declining Interest Rates

Greenwald, Daniel L.; Leombroni, Matteo; Lustig, Hanno; … - National Bureau of Economic Research - 2021

Financial wealth inequality and long-term real interest rates track each other closely over the post-war period. Faced with lower returns on financial wealth, households with high levels of financial wealth must increase savings to afford the consumption that they planned before the decline in...

Persistent link: https://www.econbiz.de/10012496167

Why are fiscal multipliers moderate even under monetary accommodation?

Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2021 - This version: March 23, 2021

The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...

Persistent link: https://www.econbiz.de/10012499494

On the aggregation of probability assessments : regularized mixtures of predictive densities for eurozone inflation and real interest rates

Diebold, Francis X.; Shin, Minchul; Zhang, Boyuan - 2021

Persistent link: https://www.econbiz.de/10012431724

Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework

Obstfeld, Maurice - 2021

variation in the real interest rate, the results obtained here for one of the two exchange- rate regimes considered -- free … real interest rate in the short run when the exchange rate is instantaneously fixed by the central bank. When equilibrium … is determinate in the floating-rate case, the real interest rate is invariant with respect to inflation …

Persistent link: https://www.econbiz.de/10013310255

The Financial (In)Stability Real Interest Rate, R*

Akinci, Ozge; Benigno, Gianluca; Del Negro, Marco; … - 2021

We introduce the concept of financial stability real interest rate using a macroeconomic banking model with an …

Persistent link: https://www.econbiz.de/10014351841