ARE INTEREST RATES A CAUSE OR A RESULT IN JAPAN?
Küçük Resim Yok
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Bandırma Onyedi Eylül Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study attempts to explain the interest rates in the Japanese economy during the period from 1990 to 2023 using variables such as growth, inflation, and public debt. According to the analysis conducted with the ARDL test, which is recommended for non-stationary series, a 1% increase in income in the long term leads to -19.047% decrease in interest rates. A 1% change in inflation explains -29.518% change in interest rates. Specifically, a 1% increase in inflation reduces interest rates by 29.518%. It is important to note that inflation data for Japan often reflects negative values or values close to zero. In the short term, changes in GDP and public debt ratios have a reducing effect on interest rates, while changes in inflation have a positive effect. Interest rates are influenced by their lagged values and variables such as public debt and inflation.
Açıklama
Anahtar Kelimeler
Interest|Japan|GDP|Inflation|Public debt
Kaynak
Yönetim ve Ekonomi Araştırmaları Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
22
Sayı
4
