the behaviour of interest rates

... in interest rates in response to the rise in the price level. • The expected-inflation effect of an increase in the money supply is a rise in interest rates in response to the rise in the ... 1 Chapter 5 The Behaviour of Interest Rates Copyright  2011 Pearson Canada Inc. 5 - 10 Shifts in the Supply of Bonds I • Expected profitability of investment...

Ngày tải lên: 05/01/2014, 16:56

... 4.86 The evidence using the MAE metric (se Table 3) strengthens the results reported above. The structural EqCM performs the best of all the models at all horizons (with the exception of the ... 15 dominated by the prediction failures at the end of our sample. Nevertheless, the results emphasise the importance of the interest rate differential in the...

Ngày tải lên: 15/02/2014, 05:20

... determinants of the variable interest rates in the post-2008 period. 4.1 Data Table 5 summarises the data used in the modelling. The price lenders have to pay for their funding is a key variable of interest ... past behaviour of interest rate changes. 8 Of particular interest in the analysis will be whether the coefficients on these asymmetric-adjustment terms...

Ngày tải lên: 15/03/2014, 14:20

... Structure of Interest Rates • The risk structure of interest rates looks at bonds with the same term to maturity and different interest rates. • The term structure of interest rates looks at the ... Structure of Interest Rates – Fact 1 Copyright 2011  Pearson Canada Inc. 6 - 12 Expectations Theory • The interest rate on a long-term bond will equal...

Ngày tải lên: 05/01/2014, 16:56

... structure of interest rates, and especially the size and dynamics of risk premiums. Therefore, Rudebusch and Wu (2007) use their macro-finance model to consider whether the bond market’s assessment of ... light on the Great Moderation. Their analysis begins with a simple empirical char- acterization of the recent shift in the term structure of US interest rates using...

Ngày tải lên: 17/02/2014, 03:20

... the quantity of funds and the rise and fall of interest rates, in turn, affect the condition of the economy the Gross National Product, the employment of resources, the level of income and the ... employment and income. SUMMARY The level of interest rates affects and is affected by the overall condition of the economy. The supply of funds from s...

Ngày tải lên: 15/03/2014, 10:20

... determinants. The matrices X i,t and Z i, t include the same covariates in the regressions of the 5 categories of deposit interest rates; in the regressions of the 5 categories of lending interest rates ... allows us to take the analysis further by inserting the determinants of interest rates, and is then used, in place of the former one, in the...

Ngày tải lên: 29/03/2014, 13:20

... The depletion of fossil fuels and the worst impact on environmental pollution caused of their burning have led to the search for renewable clean energies. Nowadays, there are many sources of ... Variation of smoke opacity with various EGR rates 3.3 The trade-off between NO X and smoke emissions for EGR rates at different JBD blends Based on the results, the accep...

Ngày tải lên: 05/09/2013, 16:11

... (Australia) The effect of interest rate changes on bank stock returns Abstract This study examines the effect of publicly announced changes in official interest rates on the stock returns of the major ... more. Board of Governors of the Federal Reserve System of the United States. 19. Flannery, M.J., James, C.M. (1984a). The Effect of Interest Rate Chan...

Ngày tải lên: 15/03/2014, 01:20

... appreciate the economic role of these more exotic instruments without an understanding of the role of the interest rate swap, the most basic of the new generation of financial derivatives. The views ... herein are those of the author and do not necessarily represent the views of either the Federal Reserve Bank of Richmond or the Board of Governors of...

Ngày tải lên: 22/03/2014, 17:20