Regime Shifts in European Real Interest Rates
The nonstationarity of the real interest rate has long been an important issue, both for monetary and fiscal policy and for financial theory. West (1988), for example, shows that an interest rate smoothing monetary policy leads to nonstationarity in the real interest rate in the context of an overla...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2001
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/728 |
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