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The Determination of the Belgian Time Deposit Rates, 1963-1977

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  • J. VUCHELEN

    (Free University Brussels (VUB))

Abstract

Changes in monetary policy instruments are transmitted to the real sector through different channels. For Keynesian as well as for monetarists interest rates are very important; time deposit rates are therefore crucial variables. In econometric model building the formulation of the time deposit rate equations need special attention, not only because these rates affect the behavior of the private sector but also because institutional features such as e.g. ceilings rates, can be important.

Suggested Citation

  • J. Vuchelen, 1980. "The Determination of the Belgian Time Deposit Rates, 1963-1977," Discussion Papers (REL - Recherches Economiques de Louvain) 1980021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1980021
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