Long-Term and Short-Term Interest Rates in the United States: An Empirical Analysis

1987 ◽  
Author(s):  
A. Lans Bovenberg
2021 ◽  
Vol 6 (2) ◽  
pp. 267
Author(s):  
Akhmad Jayadi ◽  
Tanto Firmansyah

Indonesia is a maritime country that has huge potential in fisheries sector. The average of indonesian fisheries production and export volumes always increase every year. This study aims to analyze the effect of exchange rates, government spending, inflation, interest rates, and sanitation policies to Indonesia fishery export to the United States in 1989-2019. Data were obtained from the Indonesian Ministry of Finance, the World Bank, UN COMTRADE, and the Indonesian Ministry of Maritime Affairs and Fisheries. This study uses the Error Coerrection Model (ECM) method to examine the effect of the independent variables on the dependent variable in the long term and short term. This study explains that in the long-term, government spending and exchange rate have positive effect, and interest rates have negative effect on export. In short-term, government spending and exchange rate have positive effect on export. Inflation and sanitation policy do not affect export in the long-term or short-term, while interest rates in the short-term do not affect Indonesian fishery exports. Keywords: Exports, Government Spending, Exchange Rates, Non-Tariff Barriers, Error Correction Model.JEL: F10, F13, C32


2007 ◽  
Vol 52 (03) ◽  
pp. 309-334 ◽  
Author(s):  
RONALD MCKINNON

Japan still suffers a deflationary hangover from the great episodic yen appreciations of the 1980s into the mid-1990s. Money wages are still declining, and short-term interest rates remain trapped near zero. After Japan's "lost decade" from 1992 to 2002, however, output has begun to grow modestly — but through export expansion and associated investment rather than domestic consumption. This export-led growth has been helped by a passive real depreciation of the yen: prices and wages in Europe and the United States have grown, and are growing, faster than in Japan. As the yen becomes weaker in real terms, American and European industrialists and politicians are again complaining that the yen is too weak (Japan bashing II?) — although the pressure on Japan to appreciate is not yet as great as it now is on China. But Japan is trapped. If it does appreciate the yen, its fragile economy will be driven back into outright deflation. The only solution is to stabilize the nominal dollar value of the yen over the long-term, but this step will not necessarily be immediately effective in placating foreign mercantilists. Under foreign pressure to appreciate the renminbi, China, with its booming economy, is now in a similar position to Japan's of more than 20 years ago. Policymakers in China should resist pressure to go down the same deflationary road as Japan.


2018 ◽  
Vol 7 (3.30) ◽  
pp. 351
Author(s):  
Jamilu Jamilu A Salihu ◽  
. .

The purpose of this paper is to investigate, whether the rental rate is free from the influence of interest rates on Islamic home financing. The study considers some selected macroeconomic variables to analyze the influence of interest rates on the rental rate. The study focuses on the United States data covering from the first quarter of 1990 to the last quarter of 2016. The study adopts Autoregressive distributed lags (ARDL) model to analyze the long-run and short-run relationships between the rental rate and the macroeconomic variables. The study finds consistent evidence that rental rate is free from the influence of short term and long term interest rates in both long-run equilibrium and short-run dynamic results in the United States Islamic home financing. Hence, the rental rate could be accepted as an alternative to interest rates in Islamic home financing. The result contributes towards finding that the rental rate is free from the influence of interest rate in Islamic home financing. To the best of the author’s knowledge, the present study is the first of its kind which empirically investigates the influence of interest rates on the rental rate in Islamic home financing.  


2003 ◽  
Vol 20 (3-4) ◽  
pp. 46-82
Author(s):  
Fathi Malkawi

This paper addresses some of the Muslim community’s concerns regarding its children’s education and reflects upon how education has shaped the position of other communities in American history. It argues that the future of Muslim education will be influenced directly by the present realities and future trends within American education in general, and, more importantly, by the well-calculated and informed short-term and long-term decisions and future plans taken by the Muslim community. The paper identifies some areas in which a wellestablished knowledge base is critical to making decisions, and calls for serious research to be undertaken to furnish this base.


2018 ◽  
Vol 25 (2) ◽  
pp. 169-197
Author(s):  
Mitchell B. Lerner

The election of Donald J. Trump unsettled many areas of U.S. foreign policy, but few more than the nation’s relationship with Korea. This article argues that the Trump administration’s vision for the world represents a stark break from the tradition of liberal internationalism and instead seeks to take the United States down a path that reflects the modern business practices of giant American corporations. A suitable label for this vision, as the following pages will show, is “Walmart unilateralism.” This framework abandons the traditional American policies of nation building and alliances based on shared ideological values. Instead, it embraces a more short-term approach rooted in financial bottom lines, flexible alliances and rivalries, and the ruthless exploitation of power hierarchies. This new approach, this article concludes, may dramatically transform the American relationship with Korea. Walmart unilateralism in Korea almost certainly will have some short-time positive ramifications for the United States, but its larger failure to consider the history and values of the people living on the Korean Peninsula may generate serious long-term problems for the future experience of the United States in the region.


Author(s):  
Franz Neumann

This chapter considers a variety of methods of treating Germany. The main objective of the United Nations in the treatment of Germany is to prevent it from ever again becoming a threat to the security of the world. The problem of securing this objective could be approached through destruction of Germany's industrial potential, destruction of Germany as a political entity, and removal from German society of the causes of aggression. The chapter shows that the first two solutions should be deferred until it is clear that the third alternative proves unworkable. In order to eliminate the causes of aggressiveness in German society, temporary and long-term disabilities should be imposed upon Germany. The chapter also examines the causes of German aggression, the United States' policy toward Germany, short-term measures during the period of military government, conditional measures during the probationary period, and permanent impositions upon Germany.


2019 ◽  
pp. 193-206
Author(s):  
William G. Gale

Besides its investment in people, the federal government makes critical investments in infrastructure and research and development. Because federal spending in these areas has fallen significantly in recent years and interest rates are low relative to historical levels, this chapter proposes sizable increases for both categories. The increases in infrastructure spending will provide the resources needed to restore and update aging roads, bridges, and public transit systems, while the increases in research and development will help the United States to explore cutting-edge technologies. Policymakers should also fund the military’s long-term plans through 2032, as outlined by President Obama, and let spending grow modestly afterward. That would allow for a continuing presence overseas. If a new war broke out, policymakers presumably would provide the additional temporary funds to ensure that America achieved its mission and emerged victorious.


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