An assessment of the relative importance of real interest rates, inflation, and term premiums in determining the prices of real and nominal U.K. bonds

Article Abstract:

The causes of unexpected changes in the prices of real and nominal bonds is examined. Furthermore, the study aims to evaluate the scope to which relative yields on real and nominal bonds can be utilized to deduce market forecasts of inflation. It was established that real-rate news fails to impact the price of long-term real bonds. It appears that real bonds provide an abundant source of information regarding how expectations of inflation shift.

Financial Forecasting, Inflation (Finance), Interest rates, Securities, Bonds, Bonds (Securities), Rational expectations (Economics), Business forecasting, Inflation (Economics)

---

The intertemporal elasticity of substitution in consumption in the United States and the United Kingdom

Article Abstract:

A 1988 research reports that the magnitude of the intertemporal elasticity of substitution in consumption is a fundamental macroeconomic question. The relationship between higher expected real interest rates and deferred consumption is presented. The research results are extended to cover a study of consumption patterns in the US and the UK. The moving average process and consumer behavior is then measured for both countries.

Economic aspects, United States economic conditions, Elasticity (Economics)

---

Rate of time preference, intertemporal elasticity of substitution, and level of wealth

Article Abstract:

The rate of time preference (RTP) and the intertemporal elasticity of substitution (IES) influence intertemporal consumption decisions. A model in which RTP and IES are permitted to vary across rich and poor households employing household-level panel data from India. Empirical results have supported the concept that the RTP is stable among poor and rich households, but the IES is bigger for the richer than the poor.

Economics, Research and Development in the Social Sciences and Humanities, Economic research

Similar abstracts:

• Abstracts: Robust rank tests of the unit root hypothesis. Strategic information transmission with verifiable messages. A divisible search model of Fiat money
• Abstracts: Evaluating volatility and interval forecasts. Judgement in learning-curve forecasting: a laboratory study. A Fractionally Integrated Exponential Model for UK unemployment
• Abstracts: Economies with a continuum of consumers, a continuum of suppliers and an infinite dimensional commodity space
• Abstracts: A comment of Aumann's Bayesian view. Efficiency and immediate agreement: a reply to Hart and Levy. Asymptotic efficiency in large exchange economies with asymmetric information
• Abstracts: Existence and upper hemicontinuity of equilibrium distributions of anonymous games with discontinuous payoffs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.