Chadha, Jagjit S; Dimsdale, Nicholas H - In: Oxford Review of Economic Policy 15 (1999) 2, pp. 17-45
In light of the large and sustained rise in real interest rates in the late 1970s and early 1980s, this paper reviews: (i) the theoretical discussion on the determination of nominal and real interest rates; (ii) the factors determining real interest rates; and (iii) problems of defining and...