Das, Sonali; Gupta, Rangan; Kanda, Patrick T.; Reid, Monique - Department of Economics, Fakulteit Ekonomiese en … - 2012
The real interest rate is a very important variable in the transmission of monetary policy. It features in vast majority of financial and macroeconomic models. Though the theoretical importance of the real interest rate has generated a sizable literature that examines its long-run properties,...