THE interest rate, real and nominal, on long-term safe assets is perhaps the most important price in a capitalist economy. It ...

Japan’s real wages declined by 2.3% year-over-year, declining for the fourth successive month in April amid persistent ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper examines the distribution of output around capacity when money ...

Bonds are in the news. You may have read that Congress is pushing through a Big Beautiful Bill that will require the U.S. to ...

In April, headline nominal regular wages in Japan rose at an annual rate of 2.3 per cent. This was below expectations of a 2.6 per cent rise, although it was in line with March’s increase.

1) IRSs can be used to hedge the interest rate risk (nominal and real) of liabilities by receiving the fixed rate under the swap agreement and paying the floating rate. The result is a portfolio of ...