The Determinants of U.S. Real Interest Rates in the Long Run /
This paper examines the factors which influence the behavior of real interest rates in the United States over the long run. Data on real and nominal returns to bonds and equities are tested for unit root non-stationarity. The results indicate that real and nominal interest rates and inflation are in...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1991.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1991/118 |
| גישה מקוונת: | Full text available on IMF |