Perspectives on low global interest rates /

This paper looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend. We show that current levels of real interest rates on long-term bonds in advanced economies are not low by historical...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Catão, Luis (Autor), MacKenzie, George A. (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Colección:IMF working paper ; WP/06/76.
Temas:
Interest rates > Econometric models.
Saving and investment > Econometric models.
Taux d'intérêt > Modèles économétriques.
Investissement > Modèles économétriques.
Interest rates > Econometric models
Saving and investment > Econometric models
Acceso en línea:Texto completo
Tabla de Contenidos:
  • ""Contents""; ""I. INTRODUCTION""; ""II. SOME HISTORICAL PERSPECTIVE""; ""III. SIMPLE ANALYTICS OF GLOBAL INTEREST RATE DETERMINATION ""; ""IV. AN ASSET-PRICING PERSPECTIVE""; ""V. ECONOMETRIC EVIDENCE""; ""VI. CONCLUSIONS""; ""APPENDIX I. THEORETICAL FRAMEWORK""; ""REFERENCES""

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