The Research on the Operating Situation of Chinas Real Interest Rate Based on the Three Regimes Markov-switching Model

摘要：

　　Since Chinese government implemented interest rate liberalization reform,the level of interest rate has aroused widespread concern from all walks of life.In this paper,we divide the state of Chinas real interest rate into three different regimes: low level interest rate regime,medium level interest rate regime and high level interest rate regime.Then we apply three regimes Markov-switching Model to explore the operating situation of Chinas real interest rate.The result of empirical research indicates that low level interest rate and high level interest rate are not significant in our country and medium level interest rate is significant and has a long period of duration.

作者: Xiaobin Tang Cong Chu

作者单位: School of Statistics,University of International Business and Economics,Beijing,China

会议类型: 国际会议

会议名称: The 2nd International Symposium on Application of Materials Science and Energy Materials (SAMSE 2018) 第二届材料科学应用与能源材料国际研讨会2018年

会议地点: 上海

会议语种:英文

页码: 1-7

在线出版日期: 2018-12-17（万方平台首次上网日期，不代表论文的发表时间）