search query: @indexterm INTEREST RATE OPTIONS / total: 15
reference: 3 / 15
| Author: | Cover, J. P. |
| Title: | The role of seasonal interest rate fluctuations in a classical model |
| Journal: | Journal of Money, Credit and Banking
1999 : NOV, VOL. 31:4, p. 763-784 |
| Index terms: | Interest rates Interest rate options Monetary policy Seasonal fluctuation Econometric models |
| Language: | eng |
| Abstract: | This paper examines the role of seasonal interest rate changes within a classical model. It shows that the rate of interest is relatively high during seasons in which resources have a relatively high value. Hence seasonal interest rate variations cause economic actors to reallocate resources from seasons during which they have a relatively high value. |
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