When employing the TAR test, we find evidence of asymmetric cointegration for the weighted average deposit rate, 3-month, 6-month, and 1-year lending rates, and the mortgage lending rate.
We test for unit root and cointegration.14 The results of the ADF test on the levels suggest that the null hypothesis of unit root presence cannot be rejected at five percent significance level for all series, with the exception of the weighted average deposit rate.
The good news is New York has an average deposit rate that's in the top 10 -- but that's only good news if you're able to save in the first place.
Retirees also have access to higher-than-average local deposit rates to grow their savings and low local tax rates; residents pay no Social Security, estate or inheritance taxes and fairly low sales and property taxes.
A summary measure of those charges is the interest-rate margin, the gap between average lending and deposit rates.
To emphasize his point, Mr. Lardy highlights how real average interest rates, or household deposit rates as adjusted for consumer price inflation, were negative for the decade that the President Hu Jintao and former Prime Minister Wen Jiabao were in power.
The bid floor for each listing is calculated by adding the national average certificate of deposit rate that matches the term of the borrower loan to the minimum estimated loss rate assigned to each listing.
