The Real Interest Rate Spread as a Monetary Policy Indicator

Preprint OPEN
Browne, Frank; Everett, Mary;
(2006)

This paper employs a consumption-based capital asset pricing model to derive the generalised Fisher equation, in order to estimate the natural rate of interest and corresponding real interest rate spread for the US. Analysis reveals not only is the estimated real intere... View more
  • References (11)
    11 references, page 1 of 2

    Woodford, M. (2003). Interest and Prices, Foundations of a Theory of Monetary Policy.

    Princeton, NJ. : Princeton University Press. n m .5 A fo 2 . io do - 4

    61 7 91 4 ***17 73 94 ***28.03 ***7.1 ttiittf-rsehodbu rfrfseeeeegdo .,.,-a436288nd2/)-(-)s31Nmm42 trsseeaenohum

    . 5 . 8 . . . 2 2 p

    0 . 6 . 3 7 4 2 1 s o – 1 u

    - 0 - 0 - - 7 4 - eu tw re + d l a (N e

    49.0 94.0 30000.0 82.9 ***98.6 56.5 74.54 ****97.99061 ***46.1-1 ititllrrcacaeaenvv tiitiitrrseonubdhw tttiltlrrseeoonuu2/(-)-()-)(213*NNN itlirrfssaaynobom * e a F * h u - N ic 4 9 T sq ey s ts 0 7 ** . - k a it 0 ** . * le ih ic d ta 0 * 2 2 0 ev c e s

    0 9 0 3 8 6 7 3 6 D in t

    2 4 0 1 5 6 . 9 . l eh eh fed tse

    . . . . . . 8 1 8 % t t

  • Metrics
Share - Bookmark