skip to content
Can the Fed Control Real Interest Rates? Preview this item
ClosePreview this item
Checking...

Can the Fed Control Real Interest Rates?

Author: Robert J Shiller; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 1979.
Series: Working paper series (National Bureau of Economic Research), no. w0348.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Three hypotheses concerning the controllability of rationally expected real interest rates are examined here. These hypotheses, which are suggested by recent literature, assert in different senses that the stochastic properties of expected real interest rates are independent of the Fed policy rule. We discuss the meaning and implications of the hypotheses, and how they might be tested. Evaluation of the hypotheses  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert J Shiller; National Bureau of Economic Research.
OCLC Number: 756574226
Description: 1 online resource.
Series Title: Working paper series (National Bureau of Economic Research), no. w0348.
Responsibility: Robert J. Shiller.

Abstract:

Three hypotheses concerning the controllability of rationally expected real interest rates are examined here. These hypotheses, which are suggested by recent literature, assert in different senses that the stochastic properties of expected real interest rates are independent of the Fed policy rule. We discuss the meaning and implications of the hypotheses, and how they might be tested. Evaluation of the hypotheses is attempted by examination of the Fed's "quasi-controlled experiments, " historical changes in policy regimes, Granger-Sims causality tests, Barro unanticipated money regressions, and other methods. Questions as to the relevance of any such methods are discussed.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(3)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/756574226> # Can the Fed Control Real Interest Rates?
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
   library:oclcnum "756574226" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/16954313#Place/cambridge_mass> ; # Cambridge, Mass.
   schema:about <http://id.worldcat.org/fast/1025230> ; # Monetary policy
   schema:about <http://id.worldcat.org/fast/1163232> ; # Usury
   schema:about <http://id.worldcat.org/fast/976135> ; # Interest
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/41900524> ; # Robert J. Shiller
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:datePublished "1979" ;
   schema:description "Three hypotheses concerning the controllability of rationally expected real interest rates are examined here. These hypotheses, which are suggested by recent literature, assert in different senses that the stochastic properties of expected real interest rates are independent of the Fed policy rule. We discuss the meaning and implications of the hypotheses, and how they might be tested. Evaluation of the hypotheses is attempted by examination of the Fed's "quasi-controlled experiments, " historical changes in policy regimes, Granger-Sims causality tests, Barro unanticipated money regressions, and other methods. Questions as to the relevance of any such methods are discussed."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/16954313> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/16954313#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/16954313#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:name "Can the Fed Control Real Interest Rates?"@en ;
   schema:productID "756574226" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/756574226#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_1979> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/16954313#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w0348> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/756574226> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/16954313#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/16954313#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/16954313#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/756574226> ; # Can the Fed Control Real Interest Rates?
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/16954313#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/756574226> ; # Can the Fed Control Real Interest Rates?
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/1025230> # Monetary policy
    a schema:Intangible ;
   schema:name "Monetary policy"@en ;
    .

<http://id.worldcat.org/fast/1163232> # Usury
    a schema:Intangible ;
   schema:name "Usury"@en ;
    .

<http://id.worldcat.org/fast/976135> # Interest
    a schema:Intangible ;
   schema:name "Interest"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/41900524> # Robert J. Shiller
    a schema:Person ;
   schema:familyName "Shiller" ;
   schema:givenName "Robert J." ;
   schema:name "Robert J. Shiller" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.