Sentence examples for of nominal interest from inspiring English sources
First, real (inflation-adjusted) interest rates rise, and the central bank becomes powerless to prevent this, because it cannot reduce the level of nominal interest rates below zero.
For a given level of nominal interest rates, a fall in prices will deliver the appropriate level of real interest rates.
Monetary integration was seen to leave some economies particularly vulnerable to asymmetric (external) shocks, as national decision makers were rendered no longer in control of nominal interest rates.
Although membership in the advisory group, the Chinese People's Political Consultative Conference, is of nominal interest to Chinese, the appointment of the Panchen Lama, 19, on Sunday ratchets up the government's efforts to elevate his stature among Tibetans.
That is because favourable supply shocks tend to be recessionary when constrained by the zero lower bound of nominal interest rates, just as adverse ones are likely to be expansionary.
The analysis found that stakeholders were acutely aware of the development, with some innovative elements – such as the modular construction – being monitored by stakeholders informally; other elements – such as environmental sustainability – were of nominal interest.
The main line of inquiry, in this context, is the analysis of the elasticity of the demand for currency to nominal interest rates.
"Should we find ourselves in a persistent state of low nominal interest rates and low inflation, some of our fundamental assumptions about how US monetary policy works may have to be altered," said Bullard.
The money value of Germany's output grew by only 0.9% in the last quarter of 2004, falling more than a percentage point short of the nominal interest rate.
He said policy makers, following flawed economic theories, concluded "on the basis of low nominal interest rates and low borrowings from the Fed that monetary policy was appropriately supportive and that further actions would be fruitless".
Not only are consumer prices rising more slowly than the central bank's target, but lower expectations for future inflation mean that the real cost of borrowing (nominal interest rates adjusted for expected inflation) has risen.
