Download or read book Estimating Parameters of Short Term Real Interest Rate Models written by Mr.Vadim Khramov and published by International Monetary Fund. This book was released on 2013-10-17 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sheds light on a narrow but crucial question in finance: What should be the parameters of a model of the short-term real interest rate? Although models for the nominal interest rate are well studied and estimated, dynamics of the real interest rate are rarely explored. Simple ad hoc processes for the short-term real interest rate are usually assumed as building blocks for more sophisticated models. In this paper, parameters of the real interest rate model are estimated in the broad class of single-factor interest rate diffusion processes on U.S. monthly data. It is shown that the elasticity of interest rate volatility—the relationship between the volatility of changes in the interest rate and its level—plays a crucial role in explaining real interest rate dynamics. The empirical estimates of the elasticity of the real interest rate volatility are found to be about 0.5, much lower than that of the nominal interest rate. These estimates show that the square root process, as in the Cox-Ingersoll-Ross model, provides a good characterization of the short-term real interest rate process.

Download or read book Resources in Education written by and published by . This book was released on 1989 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Broadcasting written by and published by . This book was released on 1980-10 with total page 1344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalogue United States Public Documents written by and published by . This book was released on 1984 with total page 1252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Paperbound Books in Print written by and published by . This book was released on 1992 with total page 1624 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Encyclopedia of Associations written by Mary Wilson Pair and published by . This book was released on 1978 with total page 1458 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalog of United States Government Publications written by and published by . This book was released on 1984 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Cumulative Book Index written by and published by . This book was released on 1984 with total page 3250 pages. Available in PDF, EPUB and Kindle. Book excerpt: A world list of books in the English language.

Download or read book Information Security Applications written by Kijoon Chae and published by Springer Science & Business Media. This book was released on 2004-01-15 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed post-proceedings of the 4th International Workshop on Information Security Applications, WISA 2003, held on Jeju Island, Korea, in August 2003. The 36 revised full papers were carefully reviewed and selected from 200 submissions. The papers are organized in topical sections on network security, mobile security; intrusion detection; Internet security; secure software, hardware, and systems; e-commerce security; digital rights management; biometrics and human interfaces; public key cryptography and key management; and applied cryptography.

Download or read book National Trade and Professional Associations of the United States and Canada and Labor Unions written by and published by . This book was released on 1980 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Index of Conference Proceedings Received written by British Library. Document Supply Centre and published by . This book was released on 1987 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book National Union Catalog written by and published by . This book was released on 1982 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes entries for maps and atlases.

Download or read book Index of Conference Proceedings Received written by British Library. Lending Division and published by . This book was released on 1981 with total page 976 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Martindale Hubbell Law Directory written by and published by . This book was released on 2004 with total page 3228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Publishers Trade List Annual written by and published by . This book was released on 1985 with total page 1982 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Commercial West written by and published by . This book was released on 1980 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Moving Millions written by Jeffrey Kaye and published by Turner Publishing Company. This book was released on 2010-04-01 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the same day that reporter Jeffrey Kaye visited the Tondo hospital in northwest Manila, members of an employees association wearing hospital uniforms rallied in the outside courtyard demanding pay raises. The nurses at the hospital took home about $261 a month, while in the United States, nurses earn, on average, more than fifteen times that rate of pay. No wonder so many of them leave the Philippines. Between 2000 and 2007, nearly 78,000 qualified nurses left the Philippines to work abroad, but there's more to it than the pull of better wages: each year the Philippine president hands out Bagong Bayani ("modern-day heroes") awards to the country's "outstanding and exemplary" migrant workers. Migrant labor accounts for the Philippines' second largest source of export revenue—after electronics—and they ship out nurses like another country might export textiles. In 2008, the Philippines was one of the top ranking destination countries for remittances, alongside India ($45 billion), China ($34.5 billion), and Mexico ($26.2 billion). Nurses in the Philippines, farmers in Senegal, Dominican factory workers in rural Pennsylvania, even Indian software engineers working in California—all are pieces of a larger system Kaye calls "coyote capitalism." Coyote capitalism is the idea—practiced by many businesses and governments—that people, like other natural resources, are supplies to be shifted around to meet demand. Workers are pushed out, pulled in, and put on the line without consideration of the consequences for economies, communities, or individuals. With a fresh take on a controversial topic, Moving Millions: Knocks down myth after myth about why immigrants come to America and what role they play in the economy Challenges the view that immigrants themselves motivate immigration, rather than the policies of businesses and governments in both rich and poor nations Finds surprising connections between globalization, economic growth and the convoluted immigration debates taking place in America and other industrialized countries Jeffrey Kaye is a freelance journalist and special correspondent for the PBS NewsHour for whom he has reported since 1984, covering immigration, housing, health care, urban politics, and other issues What does it all add up to? America's approach to importing workers looks from the outside like a patchwork of unnecessary laws and regulations, but the machinery of immigration is actually part of a larger, global system that satisfies the needs of businesses and governments, often at the expense of workers in every nation. Drawing on Jeffrey Kaye's travels to places including Mexico, the U.K., the United Arab Emirates, the Philippines, Poland, and Senegal, this book, a healthy alternative to the obsession with migrants' legal status, exposes the dark side of globalization and the complicity of businesses and governments to benefit from the migration of millions of workers.