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...
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| Format: | article |
| Language: | DE |
| Published: |
Springer
2021
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| Subjects: | |
| Online Access: | https://doaj.org/article/e9fc9e9dc2d644d0aa752442bbe45151 |
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