Read The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model

The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model

John B. Donaldson

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Description:Excerpt from The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model This paper follows the tradition of real business cycle (rbc) theory as initiated by Kydland and Prescott A basic premise of this line of research is the view that aggregate macroeconomic models should be evaluated primarily with regard to their ability to replicate observed empirical regularities. Thus far, attention has focused principally on the ability of this class of models to approximate, satisfactorily, the matrix of variances and covariances of macroeconomic aggregates. Our work is an attempt to extend this modelling perspective to explain observed regularities in the financial markets. In particular we seek to determine the extent to which a very simple, reduced form rbc model is able to account for properties of the term structure of interest rates. Our specific context for this exercise is the simple one-good neoclassical stochastic growth model.1 This choice can be justified in a number of ways. (1) While it is by no means the most sophisticated construct available (see, e.g., Kydland and Prescott and, indeed.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model. To get started finding The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model, you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 1334476241

Description: Excerpt from The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model This paper follows the tradition of real business cycle (rbc) theory as initiated by Kydland and Prescott A basic premise of this line of research is the view that aggregate macroeconomic models should be evaluated primarily with regard to their ability to replicate observed empirical regularities. Thus far, attention has focused principally on the ability of this class of models to approximate, satisfactorily, the matrix of variances and covariances of macroeconomic aggregates. Our work is an attempt to extend this modelling perspective to explain observed regularities in the financial markets. In particular we seek to determine the extent to which a very simple, reduced form rbc model is able to account for properties of the term structure of interest rates. Our specific context for this exercise is the simple one-good neoclassical stochastic growth model.1 This choice can be justified in a number of ways. (1) While it is by no means the most sophisticated construct available (see, e.g., Kydland and Prescott and, indeed.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model. To get started finding The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model

The Behavior of the Term Structure of Interest Rates in a Real Business Cycle Model

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