Chaos in long-maturity real rates

C-Tier
Journal: Economics Letters
Year: 2023
Volume: 225
Issue: C

Authors (3)

Serletis, Apostolos (University of Calgary) He, Mingyu (not in RePEc) Chowdhury, M.M. Islam (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We take advantage of recent advances in quantitative financial history and new chaos detection tools to test for chaos in long-maturity real interest rates (over the past 700 years), for France, Germany, Holland, Italy, Japan, Spain, the United Kingdom, and the United States. We find that the real interest rates of France, Germany, Holland, the United Kingdom, and the United States are stochastic, but those of Italy, Japan, and Spain are chaotic.

Technical Details

RePEc Handle
repec:eee:ecolet:v:225:y:2023:i:c:s0165176523000642
Journal Field
General
Author Count
3
Added to Database
2026-01-29