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The Determination of the Belgian Time Deposit Rates, 1963-1977

Published online by Cambridge University Press:  17 August 2016

J. Vuchelen
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Extract

Changes in monetary policy instruments are transmitted to the real sector through different channels. For Keynesian as well as for monetarists interest rates are very important; time deposits rates are therefore crucial variables. In econometric model building the formulation of the time deposit rate equations need special attention, not only because these rates affect the behavior of the private sector but also because institutional features such as e.g. ceilings on rates, can be important.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 46 , Issue 2 , June 1980 , pp. 91 - 112
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1980 

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Footnotes

*

Associate professor, Free University Brussels (V.U.B.). I am grateful to a referee of this Review for his comments.

References

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