... variable approach. The lagged changes in the quarterly average of 91-day Treasury bill yields are used as the nominal interest rate instrumental variables along with other lagged instrumental variables. Findings The evidence presented in this study suggests that aggregate consumption is better...

... with micro‐econometric evidence. Many of the other issues are discussed in an excellent recent review (Fernandez‐Villaverde, 2009). India Inflation Interest rates Financial modelling Monetary policy Emerging economies Structured uncertainty Dynamic stochastic general equilibrium models...

... It is shown that all Pareto optimal arrangements between a creditor, a landowner and a tenant must involve interest rate discrimination between the tenant and the landowner and a share tenancy with cost sharing, or a fixed rent tenancy with cost sharing, or a mixture of the two. None of the polar contracts...