The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model (Classic Reprint)

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Publisher : Forgotten Books
ISBN 13 : 9780666329929
Total Pages : 52 pages
Book Rating : 4.3/5 (299 download)

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Book Synopsis The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model (Classic Reprint) by : John B. Donaldson

Download or read book The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model (Classic Reprint) written by John B. Donaldson and published by Forgotten Books. This book was released on 2018-02-25 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model This paper follows the tradition of real business cycle (rbc) theory as initiated by Kydland and Prescott A basic premise of this line of research is the view that aggregate macroeconomic models should be evaluated primarily with regard to their ability to replicate observed empirical regularities. Thus far, attention has focused principally on the ability of this class of models to approximate, satisfactorily, the matrix of variances and covariances of macroeconomic aggregates. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Cyclical Behavior of the Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis The Cyclical Behavior of the Term Structure of Interest Rates by : Reuben A. Kessel

Download or read book The Cyclical Behavior of the Term Structure of Interest Rates written by Reuben A. Kessel and published by . This book was released on 1965 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modeling the Term Structure of Interest Rates

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Publisher : Now Publishers Inc
ISBN 13 : 1601983727
Total Pages : 171 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Modeling the Term Structure of Interest Rates by : Rajna Gibson

Download or read book Modeling the Term Structure of Interest Rates written by Rajna Gibson and published by Now Publishers Inc. This book was released on 2010 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modeling the Term Structure of Interest Rates provides a comprehensive review of the continuous-time modeling techniques of the term structure applicable to value and hedge default-free bonds and other interest rate derivatives.

Dynamic Economics

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Publisher : Oxford University Press, USA
ISBN 13 : 0195101928
Total Pages : 249 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Dynamic Economics by : Gregory C. Chow

Download or read book Dynamic Economics written by Gregory C. Chow and published by Oxford University Press, USA. This book was released on 1997 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work presents the optimization framework for dynamic economics and treats a number of topics in economics, including growth, macroeconomics, microeconomics, finance and dynamic games. The book also teaches by examples, using concepts to solve simple problems, moving on to general propositions.

The Changing Behavior of the Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis The Changing Behavior of the Term Structure of Interest Rates by : N. Gregory Mankiw

Download or read book The Changing Behavior of the Term Structure of Interest Rates written by N. Gregory Mankiw and published by . This book was released on 1985 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reexamine the expectations theory of the term structure using data at the short end of the maturity spectrum. We find that prior to the founding ofthe Federal Reserve System in 1915, the spread between long rates and short rates has substantial predictive power for the path of interest rates; after 1915, however, the spread contains much less predictive power. We then show that the short rate is approximately a random walk after the founding of the Fed but not before. This latter fact, coupled with even slight variation inthe term premium, can explain the observed change in 1915 in the performance of the expectations theory. We suggest that the random walk character of the short rate may be attributable to the Federal Reserve's commitment to stabilizing interest rates.

The Behavior of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Behavior of Interest Rates by : Joseph W. Conard

Download or read book The Behavior of Interest Rates written by Joseph W. Conard and published by . This book was released on 1966 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Business Cycle

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Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 324 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Business Cycle by : Fouad Sabry

Download or read book Business Cycle written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Business Cycle Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are numerous specific definitions of what constitutes a business cycle. The simplest and most naïve characterization comes from regarding recessions as 2 consecutive quarters of negative GDP growth. More satisfactory classifications are provided by, first including more economic indicators and second by looking for more informative data patterns than the ad hoc 2 quarter definition. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Business cycle Chapter 2: Kondratiev wave Chapter 3: Keynesian economics Chapter 4: Macroeconomics Chapter 5: Recession Chapter 6: Stagflation Chapter 7: Monetarism Chapter 8: New Keynesian economics Chapter 9: Fiscal policy Chapter 10: Austrian business cycle theory Chapter 11: Alvin Hansen Chapter 12: Economic stability Chapter 13: Dynamic stochastic general equilibrium Chapter 14: Neoclassical synthesis Chapter 15: New classical macroeconomics Chapter 16: Saltwater and freshwater economics Chapter 17: History of macroeconomic thought Chapter 18: Inflationism Chapter 19: New neoclassical synthesis Chapter 20: Real business-cycle theory Chapter 21: The Return of Depression Economics and the Crisis of 2008 (II) Answering the public top questions about business cycle. (III) Real world examples for the usage of business cycle in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of business cycle.

Money, Prices, Interest Rates and the Business Cycle

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Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Money, Prices, Interest Rates and the Business Cycle by : Robert Graham King

Download or read book Money, Prices, Interest Rates and the Business Cycle written by Robert Graham King and published by . This book was released on 1995 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (882 download)

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Book Synopsis The Term Structure of Interest Rates by : Burton Gordon Malkiel

Download or read book The Term Structure of Interest Rates written by Burton Gordon Malkiel and published by . This book was released on 1966 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Models and the Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Macroeconomic Models and the Term Structure of Interest Rates by : Steven Strongin

Download or read book Macroeconomic Models and the Term Structure of Interest Rates written by Steven Strongin and published by . This book was released on 1990 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Econometric Business Cycle Research

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Publisher : Springer Science & Business Media
ISBN 13 : 9780792382546
Total Pages : 248 pages
Book Rating : 4.3/5 (825 download)

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Book Synopsis Econometric Business Cycle Research by : Jan Jacobs

Download or read book Econometric Business Cycle Research written by Jan Jacobs and published by Springer Science & Business Media. This book was released on 1998-09-30 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Econometric Business Cycle Research deals with econometric business cycle research (EBCR), a term introduced by the Nobel-laureate Jan Tinbergen for his econometric method of testing (economic) business cycle theories. EBCR combines economic theory and measurement in the study of business cycles, i.e., ups and downs in overall economic activity. We assess four methods of EBCR: business cycle indicators, simultaneous equations models, vector autoregressive systems and real business indicators. After a sketch of the history of the methods, we investigate whether the methods meet the goals of EBCR: the three traditional ones, description, forecasting and policy evaluation, and the one Tinbergen introduced, the implementation|testing of business cycles. The first three EBCR methods are illustrated for the Netherlands, a typical example of a small, open economy. The main conclusion of the book is that simultaneous equation models are the best vehicle for EBCR, if all its goals are to be attained simultaneously. This conclusion is based on a fairly detailed assessment of the methods and is not over-turned in the empirical illustrations. The main conclusion does not imply the end of other EBCR methods. Not all goals have to be met with a single vehicle, other methods might serve the purpose equally well - or even better. For example, if one is interested in business cycle forecasts, one might prefer a business cycle indicator or vector autoregressive system. A second conclusion is that many ideas/concepts that play an important role in current discussions about econometric methodology in general and EBCR in particular, were put forward in the 1930s and 1940s. A third conclusion is that it is difficult, if not impossible, to compare the outcomes of RBC models to outcomes of the other three methods, because RBC modellers are not interested in modelling business cycles on an observation-per-observation basis. A more general conclusion in this respect is that methods should adopt the same concept of business cycles to make them comparable.

Term Structure of Interest Rates

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Publisher : Princeton University Press
ISBN 13 : 1400879787
Total Pages : 294 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Term Structure of Interest Rates by : Burton Gordon Malkiel

Download or read book Term Structure of Interest Rates written by Burton Gordon Malkiel and published by Princeton University Press. This book was released on 2015-12-08 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can expectations alone explain the yield differentials among bonds of different maturities? To what extend do attitudes toward risk and transactions costs influence the behavior of bond investors? Is it possible for the Federal Reserve to "twist" the interest-rate structure in accordance with its policy objectives? These are among the questions treated. Originally published in 1966. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

On the Term Structure of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (156 download)

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Book Synopsis On the Term Structure of Interest Rates by : John B. Donaldson

Download or read book On the Term Structure of Interest Rates written by John B. Donaldson and published by . This book was released on 1986 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Term Structure of Interest Rates in a Simple Stochastic Growth Model

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Term Structure of Interest Rates in a Simple Stochastic Growth Model by : David Kim

Download or read book The Term Structure of Interest Rates in a Simple Stochastic Growth Model written by David Kim and published by . This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Changes in the Cyclical Behavior of Interest Rates

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Changes in the Cyclical Behavior of Interest Rates by : Phillip Cagan

Download or read book Changes in the Cyclical Behavior of Interest Rates written by Phillip Cagan and published by . This book was released on 1966 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Factors in the Term Structure of Interest Rates

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Publisher : International Monetary Fund
ISBN 13 : 1475513313
Total Pages : 41 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Global Factors in the Term Structure of Interest Rates by : Mirko Abbritti

Download or read book Global Factors in the Term Structure of Interest Rates written by Mirko Abbritti and published by International Monetary Fund. This book was released on 2013-11-05 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces global factors within a FAVAR framework in an empirical affine term structure model. We apply our method to a panel of international yield curves and show that global factors account for more than 80 percent of term premia in advanced economies. In particular they tend to explain long-term dynamics in yield curves, as opposed to domestic factors which are instead more relevant to short-run movements. We uncover the key role for global curvature in shaping term premia dynamics. We show that this novel factor precedes global economic and financial instability. In particular, it coincides with immediate expectations of permanent expansionary monetary policy during the recent crisis.

Models of the Term Structure of Interest Rates

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ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Models of the Term Structure of Interest Rates by : John Y. Campbell

Download or read book Models of the Term Structure of Interest Rates written by John Y. Campbell and published by . This book was released on 1994 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: