Over the last few decades, real interest rates have trended downward in many countries. The most common explanation is … that when long-run asset demands by households are C-shaped in relation to real interest rates, a feature we motivate … emergence of, and the convergence to, a second stable and determinate steady state where both the real interest rate and …

interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according … to the prevailing market interest rates at predetermined time intervals. Our empirical strategy exploits this exogenous … about future interest rates. Our findings help us to understand the responses of the household sector to changes in the …

We propose a portfolio-balance model of the yield curve in which inflation is determined through an interest rate rule …

Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging … demands, the possibility of multiple steady state real interest rates, and a potential role for monetary policy to influence … response, as we are currently witnessing, can have long-term implications for real interest rates. …

risk to obtain plausible decompositions of forward curves. The forecasts of interest rates and exchange rates from the …

variety of popular univariate interest rate models for daily 7-day eurodollar spot rates, and the specification of the …