The persistence in real interest rates: does it solve the intertemporal consumption behavior puzzle?
This paper investigates the stationarity behavior of the ex-post real interest rates (RIRs) for 12 Asian countries. Formal tests conducted indicate that high persistence is an intrinsic characteristic in the majority of the RIRs. We consider local-persistent model to assess the degree of persistence...
Saved in:
| Main Authors: | , , |
|---|---|
| 格式: | Article |
| 语言: | English |
| 出版: |
Elsevier
2017
|
| 在线阅读: | http://psasir.upm.edu.my/id/eprint/63498/1/The%20persistence%20in%20real%20interest%20rates%20Does%20it%20solve%20the%20intertemporal%20consumption%20behavior%20puzzle.pdf http://psasir.upm.edu.my/id/eprint/63498/ https://www.sciencedirect.com/science/article/pii/S1042443117304079 |
| 标签: |
添加标签
没有标签, 成为第一个标记此记录!
|