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Real interest rates: what accounts for their recent rise?

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  • A. Steven Holland

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  • A. Steven Holland, 1984. "Real interest rates: what accounts for their recent rise?," Review, Federal Reserve Bank of St. Louis, vol. 66(Dec), pages 18-29.
    • Handle: RePEc:fip:fedlrv:y:1984:i:dec:p:18-29:n:v.66no.10
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    References listed on IDEAS

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    1. Silver, J Lew & Fackler, James S, 1982. "Inflationary Expectations, Economic Activity, Taxes, and Interest Rates: Comment," American Economic Review, American Economic Association, vol. 72(4), pages 858-859, September.
    2. Keith M. Carlson, 1982. "The mix of monetary and fiscal policies: conventional wisdom vs. empirical reality," Review, Federal Reserve Bank of St. Louis, vol. 64(Oct), pages 7-21.
    3. Martin Feldstein & Lawrence Summers, 1983. "Inflation, Tax Rules, and the Long-term Interest Rate," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 153-185, National Bureau of Economic Research, Inc.
    4. Rik Hafer & Scott E. Hein, 1982. "Monetary policy and short-term real rates of interest," Review, Federal Reserve Bank of St. Louis, vol. 64(Mar), pages 13-19.
    5. A. Steven Holland, 1984. "Does higher inflation lead to more uncertain inflation?," Review, Federal Reserve Bank of St. Louis, vol. 66(Feb), pages 15-26.
    6. W. W. Brown & G. J. Santoni, 1983. "Monetary growth and the timing of interest rate movements," Review, Federal Reserve Bank of St. Louis, vol. 65(Aug), pages 16-25.
    7. G. J. Santoni & Courtenay C. Stone, 1982. "The Fed and the real rate of interest," Review, Federal Reserve Bank of St. Louis, vol. 64(Dec), pages 8-19.
    8. Stanley Fischer, 1980. "On Activist Monetary Policy with Rational Expectations," NBER Chapters, in: Rational Expectations and Economic Policy, pages 211-247, National Bureau of Economic Research, Inc.
    9. Ezrati, Milton, 1982. "Inflationary Expectations, Economic Activity, Taxes, and Interest Rates: Comment," American Economic Review, American Economic Association, vol. 72(4), pages 854-857, September.
    10. Martin Feldstein, 1983. "Inflation, Income Taxes, and the Rate of Interest: A Theoretical Analysis," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 28-43, National Bureau of Economic Research, Inc.
    11. Darby, Michael R, 1975. "The Financial and Tax Effects of Monetary Policy on Interest Rates," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 266-276, June.
    12. Mascaro, Angelo & Meltzer, Allan H., 1983. "Long- and short-term interest rates in a risky world," Journal of Monetary Economics, Elsevier, vol. 12(4), pages 485-518, November.
    13. Henry C. Wallich, 1984. "Recent techniques of monetary policy," Economic Review, Federal Reserve Bank of Kansas City, vol. 69(May), pages 21-30.
    14. Stanley Fischer, 1980. "Rational Expectations and Economic Policy," NBER Books, National Bureau of Economic Research, Inc, number fisc80-1.
    15. Rik Hafer, 1984. "The money-GNP link: assessing alternative transaction measures," Review, Federal Reserve Bank of St. Louis, vol. 66(Mar), pages 19-27.
    16. John A. Carlson, 1977. "A Study of Price Forecasts," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 6, number 1, pages 27-56, National Bureau of Economic Research, Inc.
    17. John H. Makin & Vito Tanzi, 1983. "The Level and Volatility of Interest Rates in the United States: The Roles of Expected Inflation, Real Rates, and Taxes," NBER Working Papers 1167, National Bureau of Economic Research, Inc.
    18. Robert Mundell, 1963. "Inflation and Real Interest," Journal of Political Economy, University of Chicago Press, vol. 71(3), pages 280-280.
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    Cited by:

    1. Richard K. Crump & Stefano Eusepi & Emanuel Moench, 2016. "The term structure of expectations and bond yields," Staff Reports 775, Federal Reserve Bank of New York.
    2. Browne, Frank & Everett, Mary, 2006. "The Real Interest Rate Spread as a Monetary Policy Indicator," Research Technical Papers 6/RT/06, Central Bank of Ireland.
    3. Darby, Michael R., 1986. "The internationalization of American banking and finance: Structure, risk, and world interest rates," Journal of International Money and Finance, Elsevier, vol. 5(4), pages 403-428, December.
    4. Kees Koedijk & Clemens Kool & Tjerk Kroes, 1994. "Changes in world real interest rates and inflationary expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(4), pages 712-729, December.
    5. Posada Posada, Carlos Esteban, 1985. "Tasa de interes e inflacion : una nota aclaratoria," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 17, pages 149-156.
    6. Andrew Levin & John B. Taylor, 2013. "Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation," NBER Chapters, in: The Great Inflation: The Rebirth of Modern Central Banking, pages 217-244, National Bureau of Economic Research, Inc.
    7. Courtenay C. Stone & Daniel L. Thornton, 1987. "Solving the 1980s' velocity puzzle: a progress report," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-23.

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