The Determinants of U.S. Real Interest Rates in the Long Run

Preprint OPEN
Sharmini Coorey;
  • Subject: United States;real interest rates, inflation, bonds, real rates, real interest rate

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 inter... View more
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