Monetary policy, interest rate rules, and the term structure of interest rates: theoretical considerations and empirical implications
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Frankfurt am Main [u.a.]
Lang
2007
|
| Series: | Studien zu internationalen Wirtschaftsbeziehungen
8 |
| Subjects: | |
| Online Access: | Klappentext Inhaltsverzeichnis |
| Physical Description: | XI, 187 S. graph. Darst. |
| ISBN: | 9783631558942 3631558945 0820487384 |
Staff View
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| 245 | 1 | 0 | |a Monetary policy, interest rate rules, and the term structure of interest rates |b theoretical considerations and empirical implications |c Ralf Fendel |
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| 490 | 1 | |a Studien zu internationalen Wirtschaftsbeziehungen |v 8 | |
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| 650 | 4 | |a Interest rates |x Mathematical models | |
| 650 | 4 | |a Monetary policy |x Mathematical models | |
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Record in the Search Index
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| adam_text | Interest
policy as well as in modern monetary theory. Besides giving a comprehensive
insight into this line of research the study incorporates the term structure of
interest rates into interest rate rules. This is performed analytically as well as
empirically. In doing so, state of the art techniques of modern finance for the
analysis of the term structure of interest rates are introduced into the macro-
economic concept of interest rate rules. The study implies that from the theor¬
etical perspective term structure effects are an important extension of interest
rate rules. From an empirical perspective it shows that including term structure
effects in interest rate reaction functions improves our understanding of the
interest rate setting of the Deutsche Bundesbank and the European Central
Bank.
Ralf
at the University of Mainz. He was research assistant and doctoral student at the
WHÜ -
1994
desbank from
professor of economics at the WHU
where he completed his
Content
List of
List of Tables
Introduction and Overview
Part I: Monetary Policy and Interest Rate Rules
1
Policies:
An Overview
1.1
1.2
1.2.1
1.2.2
1.2.3
Synthesis
1.3
1.4
1.5
1.6
1.7
Appendix A: A Technical Presentation of the New Neoclassical
Synthesis
2
2.1
2.2
Content
2.3
2.4
2.5
2.6
2.7
Appendix B: A Second-order Approximation to Household s Utility
Appendix C: Derivation of an Optimal Interest Rate Rule
Appendix D: The Analytical Foundation of the Taylor-Principle
3
Bundesbank and European Central Bank
3.1
3.2
3.3
3.4
Part II: Interest Rate Rules and the Term Structure of Interest Rates
4
Effects
4.1
4.2
4.2.1
4.2.2
interest rates?
4.2.3
monetary policy
4.3
4.4
___________________________________________________________________Content
Appendix
Effects
5
5.1
5.2
5.3
6
the Term Structure of Interest Rates
6.1
6.2
Rates
6.2.1
Models
6.2.2
6.3
6.4
Rates
6.5
Dynamics
6.6
Appendix F: Derivation of the Recursive Restrictions
Appendix G: Derivation of the Term
Appendix H: The
References
xi
|
| adam_txt |
Interest
policy as well as in modern monetary theory. Besides giving a comprehensive
insight into this line of research the study incorporates the term structure of
interest rates into interest rate rules. This is performed analytically as well as
empirically. In doing so, state of the art techniques of modern finance for the
analysis of the term structure of interest rates are introduced into the macro-
economic concept of interest rate rules. The study implies that from the theor¬
etical perspective term structure effects are an important extension of interest
rate rules. From an empirical perspective it shows that including term structure
effects in interest rate reaction functions improves our understanding of the
interest rate setting of the Deutsche Bundesbank and the European Central
Bank.
Ralf
at the University of Mainz. He was research assistant and doctoral student at the
WHÜ -
1994
desbank from
professor of economics at the WHU
where he completed his
Content
List of
List of Tables
Introduction and Overview
Part I: Monetary Policy and Interest Rate Rules
1
Policies:
An Overview
1.1
1.2
1.2.1
1.2.2
1.2.3
Synthesis
1.3
1.4
1.5
1.6
1.7
Appendix A: A Technical Presentation of the New Neoclassical
Synthesis
2
2.1
2.2
Content
2.3
2.4
2.5
2.6
2.7
Appendix B: A Second-order Approximation to Household's Utility
Appendix C: Derivation of an Optimal Interest Rate Rule
Appendix D: The Analytical Foundation of the Taylor-Principle
3
Bundesbank and European Central Bank
3.1
3.2
3.3
3.4
Part II: Interest Rate Rules and the Term Structure of Interest Rates
4
Effects
4.1
4.2
4.2.1
4.2.2
interest rates?
4.2.3
monetary policy
4.3
4.4
_Content
Appendix
Effects
5
5.1
5.2
5.3
6
the Term Structure of Interest Rates
6.1
6.2
Rates
6.2.1
Models
6.2.2
6.3
6.4
Rates
6.5
Dynamics
6.6
Appendix F: Derivation of the Recursive Restrictions
Appendix G: Derivation of the Term
Appendix H: The
References
xi |
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| index_date | 2024-07-02T17:06:41Z |
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| isbn | 9783631558942 3631558945 0820487384 |
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| spelling | Fendel, Ralf 1968- Verfasser (DE-588)120775131 aut Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications Ralf Fendel Frankfurt am Main [u.a.] Lang 2007 XI, 187 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Studien zu internationalen Wirtschaftsbeziehungen 8 Zugl.: Vallendar, Wiss. Hochsch. für Unternehmensführung, Habil.-Schr., 2006 Mathematisches Modell Interest rates Mathematical models Monetary policy Mathematical models Geldpolitik (DE-588)4019902-2 gnd rswk-swf Zinsstruktur (DE-588)4067855-6 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Geldpolitik (DE-588)4019902-2 s Zinsstruktur (DE-588)4067855-6 s DE-604 Studien zu internationalen Wirtschaftsbeziehungen 8 (DE-604)BV014252401 8 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015579251&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Klappentext Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015579251&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Fendel, Ralf 1968- Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications Studien zu internationalen Wirtschaftsbeziehungen Mathematisches Modell Interest rates Mathematical models Monetary policy Mathematical models Geldpolitik (DE-588)4019902-2 gnd Zinsstruktur (DE-588)4067855-6 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4067855-6 (DE-588)4113937-9 |
| title | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications |
| title_auth | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications |
| title_exact_search | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications |
| title_exact_search_txtP | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications |
| title_full | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications Ralf Fendel |
| title_fullStr | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications Ralf Fendel |
| title_full_unstemmed | Monetary policy, interest rate rules, and the term structure of interest rates theoretical considerations and empirical implications Ralf Fendel |
| title_short | Monetary policy, interest rate rules, and the term structure of interest rates |
| title_sort | monetary policy interest rate rules and the term structure of interest rates theoretical considerations and empirical implications |
| title_sub | theoretical considerations and empirical implications |
| topic | Mathematisches Modell Interest rates Mathematical models Monetary policy Mathematical models Geldpolitik (DE-588)4019902-2 gnd Zinsstruktur (DE-588)4067855-6 gnd |
| topic_facet | Mathematisches Modell Interest rates Mathematical models Monetary policy Mathematical models Geldpolitik Zinsstruktur Hochschulschrift |
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