The Interest Rate Should not be Interpreted as a Price
Abstract The paper criticises interpretations of the interest rate as a price. Prices are exchange ratios for different objects; the interest rate is a parameter characterising an intertemporal exchange ratio but is not itself an exchange ratio. Therefore, negative (real) interest rates can arise na...
Guardado en:
Autor principal: | |
---|---|
Formato: | article |
Lenguaje: | DE |
Publicado: |
Springer
2021
|
Materias: | |
Acceso en línea: | https://doaj.org/article/e9fc9e9dc2d644d0aa752442bbe45151 |
Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|