The Determination of Interest Rates
Štúdia
15-12-1999
Everyone believes that they know what an interest rate is. This study, however, examines some of the theoretical and practical complexities: the differences between interest, rent and profit; between nominal and real rates; between long and short rates; and how these interact. It looks, in particular, at how changes in short-term rates feed through into financial markets; and how the level of long-term rates influences the real economy. Finally, it examines the development of rates in the ¿ area since the beginning of 1999, and the conduct of monetary policy by the European Central Bank.
Štúdia
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Typ publikácie
Oblasť politiky
Kľúčové slovo
- cenová stabilita
- ceny
- diskontná sadzba
- EKONOMIKA
- Európska centrálna banka
- EURÓPSKA ÚNIA
- Európsky systém centrálnych bánk
- FINANCIE
- finančný trh
- inštitúcie EÚ a európska verejná služba
- menová ekonómia
- menové a finančné inštitúcie
- národné účty
- obligácia
- spotrebiteľský úver
- verejné financie rozpočtová politika
- verejné výpožičky
- voľný pohyb kapitálu
- úrok
- úspory