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...

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Bibliographic Details

Main Authors:	Soon, SV, Baharumshah, AZ, Shariff, NSM
Format:	Article
Language:	English en_US
Published:	Elsevier Science Bv 2024
Subjects:	Real interest rates Consumption growth Half-life Asian countries
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