Political Regime Change and the Real Interest Rate

The effect of policy regime changes on real interest rates has important implications for financial and economic theory. However, there is little current evidence that such changes have any impact on the level of real interest rates. In this paper, we estimate both the number and location of structu...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2000-08, Vol.32 (3), p.320-334
Hauptverfasser:	Caporale, Tony, Grier, Kevin B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank credit Central banks Economic policy Economic theory Federal Reserve Bank Federal Reserve monetary policy Government Impact analysis Interest rates International monetary relations Modeling Monetary policy Optimization techniques Political change Political parties Political power Political regimes Politics Presidency Presidents Presidents (Government) Real interest rates Studies Time series models U.S.A
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