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Persistent link: https://www.econbiz.de/10000926898
We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that cannot be explained by movements in the real exchange rate...
Persistent link: https://www.econbiz.de/10008695840
We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that cannot be explained by movements in the real exchange rate...
Persistent link: https://www.econbiz.de/10010285855
Persistent link: https://www.econbiz.de/10003889437
Persistent link: https://www.econbiz.de/10014235194