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The Determinants of Real Long‑Term Interest Rates: 17 Country Pooled-Time-Series Evidence

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/the-determinants-of-real-long-term-interest-rates_375710201525.html
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In this paper a model is presented and estimated that explains real long-term interest rates in terms of developments in low-frequency and high-frequency economic factors in a multi-country framework, using a data set covering 17 OECD countries since the early-1980s. A simultaneous estimation procedure is adopted (using instrumental variables),...
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