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The real interest rate : Is it mean-reverting ? If yes , how long does it take to mean-revert ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sekioua, Sofiane H. |
| Copyright Year | 2005 |
| Abstract | This paper examines the dynamics of four major ex-post and ex-ante real interest rates using long spans of data. The principal tenet of this study is that real interest rates do not contain any unit roots, although shocks impinging upon these rates are quite persistent. This result has a number of economic interpretations. JEL classifications: |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://macro.soc.uoc.gr/9conf/docs/local_to_unity_real_interest_rate_fisher_Sekioua_2005.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
