The other but more commonly used monetary policy is to change the rate is to effectively alter the rate of interest on deposits.
另一种形式,更广泛地被运用着,是货币政策是用来改变比率,有效地调整存款的利率水平。
What is it that we're talking about when we talk about the rate of interest?
讲到利息率的时候,我们将讨论什么呢
g has to be less than r for this to make sense because if g--if it's growing faster than the rate of interest, then this infinite series will not converge and the value would be infinite.
必须小于r才行得通,因为如果g比利率涨的还快,那么这个无穷序列就不会收敛,价值就是无穷了
You would probably not even think to say, pay me 3% interest plus the rate of inflation over the next year.
你甚至可能根本不会想到说,支付3%的利息外加来年的通货膨胀率。
The interest rate has units of time, so I have to specify a time period over which I'm measuring an interest rate.
不同时间段有不同的利率,因此我必须在不同的时间段,细化不同的利率
The interesting thing is that it means that the value of consol moves inversely to the interest rate.
有趣的是,它意味着,债务的价值向着利率的相反方向变化
Well, the discount rate is sort of the--you notice there are two different interest rates here and you might be confused by them.
贴现率是一种,这里有两种不同的利率,你们可能会将其混淆
Buying them tends to push up the price; that tends to influence the yield down so it encourages a lower level of interest rate.
买进它们,导致价格上升;,导致参数降低,所以它鼓励一个低的利率水平。
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
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
If you have an interest rate--this is approximately equal to-- one plus the real interest rate is equal to divided by one plus the rate of inflation.
如果你知道名义利率,那实际利率约等于,这里应该是=,/
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
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
What they did instead of just-remember the Federal Funds Rate is a target interest rate that the Fed attempts to hit through buying and selling treasury bills in the U.S. or in other countries buying and selling government bonds to affect the market.
他们真正做的事-记住,联邦资金利率是,美联储试图通过在美国,买进和卖出国库券,或在其他国家买进和卖出政府债券,来影响市场的目标利率。
The price is just the present value of that stream, discounted at the interest rate.
债券的价格就是这些现金流,以利率r为贴现率算出的贴现值
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