Results 1 - 2 of 2 for Federal Funds Rate [Author: David E. Rapach]
Real Interest Rate Persistence: Evidence and Implications - Review
The real interest rate plays a central role in many important financial and macroeconomic models, including the consumption-based asset pricing model, neoclassical growth model, and models of the monetary transmission mechanism. The authors selectively survey the empirical literature that examines the time-series properties of real interest rates.
research.stlouisfed.org/.../2008/11/01/real-interest-rate-persistence-evidence-and-implications
Common Fluctuations in OECD Budget Balances - Review
The authors use a dynamic latent factor model to analyze comovements in OECD surpluses. The world factor underlying common fluctuations in budget surpluses across countries explains an average of 28 to 44 percent of the variation in individual country surpluses.
research.stlouisfed.org/.../review/2015/06/19/common-fluctuations-in-oecd-budget-balances
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