How Long to Read Changes in the Relationship Between the Long-Term Interest Rate and its Determinants

How Long Does it Take to Read Changes in the Relationship Between the Long-Term Interest Rate and its Determinants?

It takes the average reader and 30 minutes to read Changes in the Relationship Between the Long-Term Interest Rate and its Determinants by Mr.William Lee

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper assesses the relative importance of alternative explanations for the rise in long-term interest rates in the United States from October 1993 to April 1994. Standard econometric models of the term structure are shown to have a structural break in the early 1980s. An important reason for this change in the traditional term structure relationship appears to be an increase in the responsiveness of long-term rates to changes in the stance of monetary policy. Augmented term structure models that explicitly incorporate the role of monetary policy in determining the level of long-term rates are then constructed. These models track variations in the long-term rate better than traditional term structure models, but still leave a significant fraction of the recent increase in long-term rates unexplained.

How long is Changes in the Relationship Between the Long-Term Interest Rate and its Determinants?

Changes in the Relationship Between the Long-Term Interest Rate and its Determinants by Mr.William Lee is 30 pages long, and a total of 7,500 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Changes in the Relationship Between the Long-Term Interest Rate and its Determinants Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read Changes in the Relationship Between the Long-Term Interest Rate and its Determinants aloud.

What Reading Level is Changes in the Relationship Between the Long-Term Interest Rate and its Determinants?

Changes in the Relationship Between the Long-Term Interest Rate and its Determinants is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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