long-term interest rates
Some Implications of the Zero Lower Bound on Interest Rates for the Term Structure and Monetary Policy
... the long-term interest ...one-month interest rate is fixed to its sample ...one-month interest rate in the sample ...one-month interest rate are increasing functions of the ...
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Limits to Arbitrage and Interest Rates: a Debate Between Keynes, Hawtrey and Hicks
... which interest rates affect macroeconomic variables (investments, employment and aggregate ...affecting long-term interest ...the long-term rate of interest, as ...
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The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises
... lending rates over the 2008 crisis and the euro area sovereign debt crisis in France, Germany, Greece, Italy, Portugal and ...the interest rate on new short-term loans granted to non-financial ...
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A Semi-Parametric Factor Model for Interest Rates
... the long rates. Clearly the volatility of short rates responds negatively to the real and nominal ...the long rates we observe that high values of the nominal index have an increas- ing ...
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Incomplete markets, liquidation risk, and the term structure of interest rates
... The idea that uninsured idiosyncratic risk can help explain asset-pricing puzzles was …rst ex- plored in …nite-horizon economies. Following the lead of Mankiw (1986) and Weil (1992), who focused on stock returns, Heaton ...
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The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises
... the interest rate pass-through deserves a renewed interest in the case of the euro ...the long-run relationship between the bank lending rate and the bank marginal cost remain unchanged over the ...
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News Shocks and the Slope of the Term Structure of Interest Rates
... in term premia occurs because the long rate under the Expectations Hypothesis displays a more marked drop on impact than the actual long ...the long rate to the TFP news shock is relatively ...
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An arbitrage-free interest rate model consistent with economic constraints for Long-Term Asset Liability Management
... of interest rates must be decreasing with the ...has long been observed on the market and hence, this constraint is always consistent with the ...corresponding interest rates ...between ...
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A Reconsideration of the Role of Forward-Market Arbitrage in Keynes’s and Hicks’s Theories of the Term Structure of Interest Rates
... the term structure of interest rates is upward sloping in Hicks’s theory because of a “constitutional weakness” on loans markets which come from the demand for/ supply of short-term and ...
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Multi factor stochastic volatility for interest rates modeling
... Affine Term Structure Models ...as long as the additional factor also follows an affine diffusion ...diffusion term of the underlying, we can build a conservative price for any derivative on this ...
241
Long-term care and births timing
... and interest rates, and, hence, the opportunity cost of providing informal LTC for ...the long-run social optimum, and we examine the decentralization of that long-run social optimum by means ...
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Incomplete markets, liquidation risk and the term structure of interest rates
... Our second result states that a larger bond supply steepens the yield curve. The result bears upon the relative prices of bonds with different maturities, that is, the risk premia associated with each bond. In our model, ...
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Term structure of psychological interest rates: A behavioral test
... decreasing term structure, as suggested by a hyperbolic model, would entail overdiscounting the immediate future vis-à-vis the far distant ...flat term structure would ceteris paribus result in ...
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Long-term effects of sports concussion
... target tones. Each participant performed one practice block of 20 trials followed by 5 experimental blocks of 200 trials. Stimuli were generated by the STIM (version 1.0.0.0.1) program from Neuroscan (Neurosoft, Inc. ...
301
Long Term Risk : An Operator Approach
... – How risk averse agents value the risks in permanent shocks – Long run risk-return frontier.. – Complementary to work using short run data (Bansal-Yaron...).[r] ...
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Covariation of climate and long-term erosion rates across a steep rainfall gradient on the Hawaiian island of Kaua'i
... 19 Table 2: Characteristics of detrital olivine samples for 3 He analysis (Figure 3). Latitude, longitude, and elevation indicate sites of stream sediment 369 sampling, while bedrock age, mean hillslope gradient, mean ...
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Institut Pascal Long-Term dataset
... Pascal Long-Term dataset Youssef Bouaziz 1,2 Eric Royer 1 Guillaume Bresson 2 Michel Dhome 1 1 UCA, CNRS, SIGMA Clermont, Institut Pascal, F-63000 CLERMONT-FERRAND, FRANCE 2 Institut VEDECOM, 23 bis allée ...
4
Long-term settlements on sensitive clay
... The relation between vertical effective stress and per pressure and the pore pressures in the compressible layer cent compression under the adjacent test fill is also shown incr[r] ...
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Long term care insurance puzzle
... so-called long term care insurance puzzle, namely the fact that so few people purchase a long term care insurance whereas this would seem to be a rational conduct given the high probability of ...
19
Term structure of psychological interest rates: A behavioural test
... subjective interest rate or the subjective price of time, is identified as a core concept of the microeconomic ...subjective interest rate to discount future utility, but several subjective interest ...
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