Invited Editorial “The challenges imposed by low interest rates”
نویسندگان
چکیده
منابع مشابه
Editorial Challenges
Editorial Challenges abound as to the journals in Persian, which here I will refer to some of them. However, many of these challenges are concerned with all journals. The main problem which most articles suffer is neglecting the three elements of articles' necessity, purpose and benefit by their writers. Sometimes, one, two or all three of these elements are neglected, or little attention ...
متن کاملWhy Are Inflation and Real Interest Rates So Low? A Mechanism of Low and Floating Real Interest and Inflation Rates
Real interest and inflation rates have been very low in many industrialized countries since the Great Recession. In this paper, a mechanism of low and floating real interest and inflation rates is examined based on the concept a “Nash equilibrium of a Pareto inefficient path” and the law of motion for trend inflation. I show that, because the link between the marginal product of capital and the...
متن کاملLow Real Interest Rates and the Zero Lower Bound
How do low real interest rates constrain monetary policy? Is the zero lower bound optimal if the real interest rate is suffi ciently low? What is the role of forward guidance? A model is constructed that can incorporate sticky price frictions, collateral constraints, and conventional monetary distortions. The model has neo-Fisherian properties. Forward guidance in a liquidity trap works through...
متن کاملCan Bayesian Learning Explain The Low Short-Term Interest Rates?
Parameter uncertainty has recently been proposed as a viable candidate to reconsile various asset pricing puzzles that have arisen in the asset pricing literature. Focusing on the risk-free rate puzzle, I show through a simulation study that Bayesian learning about parameter uncertainty has a limited role in explaining the low historical short-term interest rates.
متن کاملEditorial interest in conflict of interest.
www.cmj.hr This year’s first issue of the Croatian Medical Journal (CMJ) did not feature only the new design of the journal (1) but also an update of its Guidelines for Authors (2), made regularly for each volume. We can only hope that our authors did notice the changes, as editorial experience and research evidence show that readers do not read journal documents (3) and that journals do not ke...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Asset Management
سال: 2019
ISSN: 1470-8272,1479-179X
DOI: 10.1057/s41260-019-00124-6