So we would say the real interest rate equals the nominal rate-- approximately equals--the nominal rate minus the inflation rate.
我们可以推出实际利率约等于,名义利率减去通货膨胀率
It's the interest rate that clears the market for loans and that interest rate determines the market interest rate.
这个利率决定了借贷市场的出清,并决定市场利率的大小
I remember when interest rate swap accounting was done on a different market security basis.
我记得利率会换记账法,在不同的证券市场施行时。
Now, the interest rate in Irving Fisher's world has to equate supply and demand in the market for debt.
在费雪的理论里,利率必须与,债券市场的供需关系保持平衡
The central bank posts an interest rate that is the rate at which these member banks can borrow.
中央银行设定一个利率,这个利率是这些会员银行可以借进的利率。
And, the market wouldn't believe them because you can't grow every year faster than the interest rate.
而且市场也不会相信他们,因为它不可能比利率上涨得还快
A person has a budget constraint if the person can borrow and lend at the interest rate.
在某一利率下,人都有自己的预算限制
One of them is the forward rate and the other one is inflation indexed interest rates.
一个是远期利率,另一个是通胀指数化利率
Adjustable rate mortgages have a long term -they might last for thirty years -but the interest rate is not fixed for the whole thirty years.
可调利率抵押贷款的期限很长,也许会长达30年,但是利率在30年间并不是固定的
I've got the Federal Funds Rate--it's the shortest interest rate, an overnight rate--it was at 4% at that time and then there was a sharp drop.
这是联邦基金利率,是最短期的利率,当时的隔夜拆借利率是4%,接下来利率急速下跌
That's another conventional formula that goes from interest rate to price of the security.
这是另一条已知利率,求证券价格的经验公式
There's another interest rate that the Fed sets and that's called the discount rate.
美联储还设定了另一个利率,叫做贴现率。
That's all I have to do and I have locked in the interest rate.
以上是我为了确定利率而进行的操作
So that would mean that the Fed should be raising interest rates to try to tighten up the economy and bring the inflation rate down.
所以,这意味着,美联储应该提升利率,以试图加强经济,并且将通货膨胀率降低。
So, what we want to do-- this is what Hicks discovered I can do the following transaction to lock in, in 1925, the interest rate between 1926 and 1927.
这就是希克斯所发现的,我可以在1925年进行以下交易,从而确定1926年到1927年的利率
I will get to this later, where I have the return minus the interest rate on this axis and the market return minus the interest rate on this axis.
迟一些我会讲到,就是用这个轴表示收益减去利率,这个轴表示市场收益率减去利率
The real interest rate, computed from nominal rates, is equal to one plus the nominal rate divided by one plus the inflation rate, so it corrects for inflation.
由名义利率算得的实际利率 等于,/,它是一个经通胀调整后指标
Each person who wants to borrow has to be met by somebody else who wants to lend, so the interest rate that we have in society is the compromise.
想借钱的人必须找到,愿意放贷的人,因此社会中的利率是各方协调的结果
Right now, we have a Federal Funds Rate of about 3% and an inflation rate of around 3%, so right now the real interest rate is close to 0.
如今,联储局利率是3%左右,通胀率也在3%徘徊,现在的实际利率接近于0
I can lock in the interest rate right now.
我现在就可以把利率定下来
Why the interest rate clears-- it's a mysterious phenomenon, because it's a market phenomenon and each person only sees his or her own contribution to the market and not the whole market.
为什么这个利率能让市场出清...,这是个不可思议的市场现象,每个人只能看到自己在市场中的行为,而不了解整体市场情况
The problem is then that these were sold to low-income people, in many cases, who didn't understand what they were getting and that after two years the interest rate would reset up.
问题是贷款在一开始是发放给低收入人群,很多情况下,那些人并不理解这种贷款,或者说他们不知道利率在两年后会重设
Of course, the banker isn't going to give you $1 for something that is paying $1 in a year because the banker knows that $1 could be invested at the interest rate.
当然,银行不会因为某些东西,在一年内收益一美元,而给你一美元,因为银行知道一美元能在利率的基础上,用来投资
Forward rates I wrote a survey article years ago about the term structure of interest rates and I wanted to find out who was the originator of the term "forward rate."
远期利率,很多年前我写过一篇,研究利率期限结构的文章,我想知道谁是"远期利率"这个词的创始人
If you have a bond with an interest rate of 4.375% -that's not an easy one to divide by two but you would get half of that every six months until maturity.
如果你持有一种利率为4.375%的债券,这个数除以2有点难算,而在债券到期前,每半年你能得到4.375%一半的券息
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