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A note concerning government bond yields

Akram, Tanweer - 2020

This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...

Persistent link: https://www.econbiz.de/10012317613

Interest rate hysteresis in macroeconomic investment under uncertainty

Belke, Ansgar; Göcke, Matthias - 2019

direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the …

Persistent link: https://www.econbiz.de/10011994756

Demography and provisions for retirement : the pension composition, an equilibrium approach

Praag, Bernard M. S. van; Hop, J. Peter - 2018

decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …. For ease of exposition we will assume that individual and collective pension savings are the only source of capital supply …. When capital supply equals demand from industry there is equilibrium on the capital market with a corresponding equilibrium …

Persistent link: https://www.econbiz.de/10011870742

Interest rates modeling and forecasting : do macroeconomic factors matter?

Kuczera, Adam - 2017

Recent studies documented a sufficient forecasting performance of shadow-rate models in the low yields environment. Moreover, it has been shown that including the macro-variables into the shadow-rate models further improves the results. We build on these findings and evaluate for the U.S....

Persistent link: https://www.econbiz.de/10011659284

A model for the optimal management of inflation

Federico, Salvatore; Ferrari, Giorgio; Schuhmann, Patrick - 2019

Persistent link: https://www.econbiz.de/10012177128

Consumer debt and poverty: the default risk gap

Bertoletti, Lucía; Borraz, Fernando; Sanroman, Graciela - 2024

Persistent link: https://www.econbiz.de/10014533457

Consumer debt and poverty : the default risk gap

Bertoletti, Lucía; Borraz, Fernando; Sanroman, Graciela - 2024

This paper examines the disparity in default risk between vulnerable and non-vulnerable populations in consumer lending. We merge an exhaustive registry of loans granted in the financial system with microdata on vulnerable individuals applying for social programs. We estimate the sources of this...

Persistent link: https://www.econbiz.de/10014557435

Inflation as redistribution : creditors, workers, policymakers

Bikler, Šimšōn; Nitzan, Jonathan - 2023

borrowers, and given that 'dominant capital' profits from the full spectrum of investment instruments, we wonder if 'creditors …

Persistent link: https://www.econbiz.de/10014252525

The effects of climate change on the natural rate of interest : a critical survey

Mongelli, Francesco Paolo; Pointner, Wolfgang; End, … - 2022

This survey reviews the literature about the impact of climate change on the natural rate of interest (r*), an important yardstick for monetary policy. Economic and financial developments can lower r* in scenarios with increasing climate-related damages and uncertainty that reduce productivity...

Persistent link: https://www.econbiz.de/10013448676

Revisiting the role of fiscal policy in determining interest rates in India

Mohanty, Ranjan Kumar; Bhanumurthy, N. R. - 2020

Persistent link: https://www.econbiz.de/10013453991