The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period /
This paper empirically evaluates the validity of the term structure of interest rates in a low-interest-rate environment. Applying a time-series method to high-frequency Japanese data, the term-structure model is found to be useful for economic analysis only when interest rates are high. When intere...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2003/208 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |