interest rate volatility, such as requiring minimum reserves. Using data for Germany, Italy and the United Kingdom, we find …. This paper looks at the volatility and persistence of divergences between short-term market interest rates away from policy …

We investigate the volatility of real interest rates in 10 countries. An equilibrium model with financial frictions … mimics the volatility of real rates and predicts a negative correlation of the conditional variance with the business cycle …. Our contribution investigates the level and conditional volatility of real interest rates among a wider group of …

for understanding this relationship. We explore the effect of volatility in the federal funds market on the expectations …. Second, we find that lower volatility in the bank funding markets market, all else equal, leads to a lower term premium and …