The persistence in real interest rates: does it solve the intertemporal consumption behavior puzzle?

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The persistence in real interest rates: does it solve the intertemporal consumption behavior puzzle?

This paper investigates the stationarity behavior of the ex-post real interest rates (RIRs) for 12 Asian countries. Formal tests conducted indicate that high persistence is an intrinsic characteristic in the majority of the RIRs. We consider local-persistent model to assess the degree of persistence...

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Bibliographic Details
Main Authors:	Soon, Siew-Voon, Baharumshah, Ahmad Zubaidi, Shariff, Nurul Sima Mohamad
Format:	Article
Language:	English
Published:	Elsevier 2017
Online Access:	http://psasir.upm.edu.my/id/eprint/63498/ http://psasir.upm.edu.my/id/eprint/63498/1/The%20persistence%20in%20real%20interest%20rates%20Does%20it%20solve%20the%20intertemporal%20consumption%20behavior%20puzzle.pdf

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