Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/46847 
Autor:innen: 
Erscheinungsjahr: 
1996
Quellenangabe: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1996
Schriftenreihe/Nr.: 
Kiel Working Paper No. 751
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
The paper investigates which factors determine the expected real long-term interest rates of the G7-countries as a whole within a single equation error correction model. Inflationary expectations are generated using the low frequency component of inflation provided by the Hodrick-Prescott filter. A comparision of the calculated expected inflation rates with those resulting from index-linked and conventional UK bonds suggests this approach to be appropriate. Expected real long-term interest rates turn out to be influenced positively by real short-term interest rates, capacity utilization and structural public borrowing.
JEL: 
C22
E43
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

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