Matches in SemOpenAlex for { <https://semopenalex.org/work/W373527195> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W373527195 abstract "Monetary policy affects the economy through the exchange rate and interest rates.It is assumed that the relationship between interest rates and GDP is negative and that interest rates affect GDP more powerfully than the other way around.These conclusions are confirmed here.Estimated elasticities--which compare annual percentage changes in GDP to annual percentage changes in the interest rate-produce interest rate elasticity close to unity.It should also be stressed that a nominal interest rate effect is found instead of a real rate effect both in GDP and its components. For private consumption, the interest rate measures the relative future price of consumption, which includes substitution and income effects.According to estimations the interest rate elasticity for non-durable consumption is around -0.4, which indicates the dominance of the substitution effect. For durable purchases, the interest rate elasticity is much higher and is also volatile.Rough estimate showed that the interest rate elasticity for durables could be around -4.0. For private investment, the interest rate measures the opportunity cost of investment and a cost factor in debt financing.Financial deregulation has obscured the importance of interest rates in determining manufacturing investment.It seems that during the boom years domestic lending rates lost their significance in affecting investment plans.A rough estimate for a long-term interest rate elasticity of manufacturing investment could be -2.On the other hand financial deregulation has clearly increased the power of interest rates in determining the level of housing investment. During 1980s the real lending rate became a significant determinant of housing investment, and we cannot reject the hypothesis of unitary elasticity, ie. elasticity of -1." @default.
- W373527195 created "2016-06-24" @default.
- W373527195 creator A5030725622 @default.
- W373527195 date "1995-02-27" @default.
- W373527195 modified "2023-09-27" @default.
- W373527195 title "The interest rate sensitivity of output in Finland" @default.
- W373527195 cites W1488281518 @default.
- W373527195 cites W1587744912 @default.
- W373527195 cites W1591381910 @default.
- W373527195 cites W1978282661 @default.
- W373527195 cites W2033872062 @default.
- W373527195 cites W2083731524 @default.
- W373527195 cites W2323266160 @default.
- W373527195 cites W2890884722 @default.
- W373527195 cites W2996121507 @default.
- W373527195 cites W3122109774 @default.
- W373527195 cites W3123492100 @default.
- W373527195 cites W3124148567 @default.
- W373527195 cites W3124955107 @default.
- W373527195 cites W3126116793 @default.
- W373527195 hasPublicationYear "1995" @default.
- W373527195 type Work @default.
- W373527195 sameAs 373527195 @default.
- W373527195 citedByCount "2" @default.
- W373527195 crossrefType "journal-article" @default.
- W373527195 hasAuthorship W373527195A5030725622 @default.
- W373527195 hasConcept C121854251 @default.
- W373527195 hasConcept C136236421 @default.
- W373527195 hasConcept C139719470 @default.
- W373527195 hasConcept C154815372 @default.
- W373527195 hasConcept C159985019 @default.
- W373527195 hasConcept C162324750 @default.
- W373527195 hasConcept C175025494 @default.
- W373527195 hasConcept C17744445 @default.
- W373527195 hasConcept C192562407 @default.
- W373527195 hasConcept C199539241 @default.
- W373527195 hasConcept C27548731 @default.
- W373527195 hasConcept C2776988154 @default.
- W373527195 hasConcept C556758197 @default.
- W373527195 hasConcept C84888623 @default.
- W373527195 hasConcept C94625758 @default.
- W373527195 hasConceptScore W373527195C121854251 @default.
- W373527195 hasConceptScore W373527195C136236421 @default.
- W373527195 hasConceptScore W373527195C139719470 @default.
- W373527195 hasConceptScore W373527195C154815372 @default.
- W373527195 hasConceptScore W373527195C159985019 @default.
- W373527195 hasConceptScore W373527195C162324750 @default.
- W373527195 hasConceptScore W373527195C175025494 @default.
- W373527195 hasConceptScore W373527195C17744445 @default.
- W373527195 hasConceptScore W373527195C192562407 @default.
- W373527195 hasConceptScore W373527195C199539241 @default.
- W373527195 hasConceptScore W373527195C27548731 @default.
- W373527195 hasConceptScore W373527195C2776988154 @default.
- W373527195 hasConceptScore W373527195C556758197 @default.
- W373527195 hasConceptScore W373527195C84888623 @default.
- W373527195 hasConceptScore W373527195C94625758 @default.
- W373527195 hasLocation W3735271951 @default.
- W373527195 hasOpenAccess W373527195 @default.
- W373527195 hasPrimaryLocation W3735271951 @default.
- W373527195 hasRelatedWork W1492344079 @default.
- W373527195 hasRelatedWork W1502685412 @default.
- W373527195 hasRelatedWork W1539860711 @default.
- W373527195 hasRelatedWork W1555204440 @default.
- W373527195 hasRelatedWork W1580448687 @default.
- W373527195 hasRelatedWork W1595229817 @default.
- W373527195 hasRelatedWork W1607043783 @default.
- W373527195 hasRelatedWork W177076295 @default.
- W373527195 hasRelatedWork W2054426032 @default.
- W373527195 hasRelatedWork W2074628110 @default.
- W373527195 hasRelatedWork W2329503434 @default.
- W373527195 hasRelatedWork W2382038262 @default.
- W373527195 hasRelatedWork W2537877854 @default.
- W373527195 hasRelatedWork W2971186910 @default.
- W373527195 hasRelatedWork W2986369122 @default.
- W373527195 hasRelatedWork W3004633826 @default.
- W373527195 hasRelatedWork W3149419056 @default.
- W373527195 hasRelatedWork W3151052640 @default.
- W373527195 hasRelatedWork W2133695980 @default.
- W373527195 hasRelatedWork W2488755905 @default.
- W373527195 isParatext "false" @default.
- W373527195 isRetracted "false" @default.
- W373527195 magId "373527195" @default.
- W373527195 workType "article" @default.