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Is the real interest rate parity condition affected by the method of calculating real interest rates?

机译:实际利率平价条件是否受到计算实际利率的方法的影响?

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Although the real interest rate parity (RIRP) hypothesis has been extensively tested, there are no conclusive findings. We argue that the mixed findings are a result of the different methods used to calculate the real interest rate. In this article, we examine whether the RIRP holds for four OECD countries using five different methods for computing the real interest rate. The results indicate that the connection between real interest rates tends to be sensitive to the computational method of the real interest rate. Thus, authors have to be careful when comparing results across existing studies, since the type of computational method might be responsible for differences in conclusions of the validity of the RIRP.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/00036840701736073
机译:尽管实际利率平价(RIRP)假设已得到广泛测试,但尚无定论。我们认为,混合的发现是用于计算实际利率的不同方法的结果。在本文中,我们使用五种不同的计算实际利率的方法来检验RIRP是否适用于四个OECD国家。结果表明,实际利率之间的联系倾向于对实际利率的计算方法敏感。因此,在比较现有研究的结果时,作者必须格外小心,因为计算方法的类型可能会导致RIRP有效性结论的差异。查看全文下载全文相关的var addthis_config = {ui_cobrand:“泰勒和弗朗西斯在线”,services_compact:“ citeulike,netvibes,twitter,technorati,可口,linkedin,facebook,stumbleupon,digg,google,更多”,发布:“ ra-4dff56cd6bb1830b”};添加到候选列表链接永久链接http://dx.doi.org/10.1080/00036840701736073

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