In this paper we document real rate behavior. We do this by looking across a wide variety of constructed real rate series. These series are obtained by using a number of different methodologies for estimating expected inflation, using several different price series, and looking over different...

Bosnia and Herzegovina suffered greatly during an intense war that resulted in human catastrophe, economic collapse, and the destruction of the electricity sector. The Dayton Agreement that brought a close to fighting helped to win peace, but it created a government system that is inefficient,...

In this paper we document real rate behavior. We do this by looking across a wide variety of constructed real rate series. These series are obtained by using a number of different methodologies for estimating expected inflation, using several different price series, and looking over different...

This paper presents new facts regarding the behavior of the ex-ante real rate of interest. These facts are notably different from conventional wisdom about the cyclical properties of the real rate. In particular, we find that the ex-ante real rate is contemporaneously positively correlated with...