YearlyInterestRatesData: Yearly Interest Rates Data

In Mthrun/TSAT: Time Series Analysis Tools (TSAT)

Yearly Interest Rates Data

Description

Eight centuries of global real interest rates published in [Schmelzing, 2019].

Usage

data("YearlyInterestRatesData")

Format

A data frame with 713 observations on the following 5 variables.

Year

The year

Nominal_Italy

Nominal interest rate per year in in Italym

Nominal_UK

Nominal interest rate per year in in United Kingdom

Inflation_Italy

inflation in Italy per year

Inflation_UK

Inflation in United Kingdom per year

Details

The annual interest rate is the rate over a period of one year. Interest rates are the the amount of interest as a proportion of the amount lent, deposited or borrowed (called the principal sum). Nominal interest rate refers to the interest rate before taking inflation into account. Real interest rates are interest rates that have been adjusted for developments in purchasing power. They are broadly calculated as the difference between the nominal interest rate and the inflation rate (in the case of low interest rates and relatively stable prices).

Source

eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018-data.xlsx, IV. Country level, 1310-2018.

References

[Schmelzing, 2020] Schmelzing, P.: Eight Centuries of Global Real Rates, R-G, and the 'Suprasecular' Decline, 1311-2018, Bank of England, Staff Working Paper No. 845, pp. 1-108. 2020.

Examples

data(YearlyInterestRatesData)
RealInterestRates_UK=YearlyInterestRates$Nominal_UK-YearlyInterestRates$Inflation_UK
plot.ts(YearlyInterestRates$Year,RealInterestRates_UK,type='l')

RealInterestRates_Italy=YearlyInterestRates$Nominal_Italy-YearlyInterestRates$Inflation_Italy
plot.ts(YearlyInterestRates$Year,RealInterestRates_Italy,type='l')

Mthrun/TSAT documentation built on Feb. 5, 2024, 11:15 p.m.