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RBA Glossary definition for Nominal interest rate

Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.

RBA Glossary definition for interest rate

interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.

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Appendix D: Augmented Dickey-Fuller Tests on 3-Month Nominal Interest Differentials

1 Jun 1993 RDP 9307
David W.R. Gruen and Marianne C. Gizycki
RDP 9307: Explaining Forward Discount Bias: Is it Anchoring? Appendix D: Augmented Dickey-Fuller Tests on 3-Month Nominal Interest Differentials. ... τ. p. τ. )/θ, with τ measured in 4-week periods) the chosen value of λ minimises the mean squared
https://www.rba.gov.au/publications/rdp/1993/9307/appendix-d.html

A Model with Anchored and Rational Traders

1 Jun 1993 RDP 9307
David W.R. Gruen and Marianne C. Gizycki
These features are the strong autocorrelation in short-term nominal interest differentials between countries and the very large unpredictable shocks to the nominal and real exchange rate. ... Dornbusch assumes that demand depends on real income, the
https://www.rba.gov.au/publications/rdp/1993/9307/model-with-anchor.html

Explaining Forward Discount Bias: Is it Anchoring ?

1 Jun 1993 RDP 9307
David W. R. Gruen and Marianne C. Gizycki
https://www.rba.gov.au/publications/rdp/1993/9307/

Anchoring as an Explanation | RDP9307 Explaining Forward Discount Bias: Is it Anchoring?

1 Jun 1993 RDP 9307
David W.R. Gruen and Marianne C. Gizycki
The domestic interest rate on short-term nominal assets clears the domestic money market and satisfies an international arbitrage condition. ... are the one period interest rates on domestic and foreign nominal assets.
https://www.rba.gov.au/publications/rdp/1993/9307/anchor-explanation.html

Empirical Results

1 Jun 1993 RDP 9307
David W.R. Gruen and Marianne C. Gizycki
Secondly, recall our observation that only a small advantage is imparted to those (rational) agents who understand the true relationship between interest rates and the exchange rate. ... a small advantage is imparted to those who understand the true
https://www.rba.gov.au/publications/rdp/1993/9307/empirical-results.html