Neely, Christopher J. (contributor); … - 2008
@slu.edu
1
1. Introduction
The real interest rate—an interest rate adjusted for either realized or expected inflation—
is the …
Heterogeneous agents face different real interest rates, depending on horizon, credit risk, and other factors. And
inflation rates …
inflation rate, while the ex post real rate (EPRR) is the nominal rate minus actual inflation.
Agents make economic decisions …