Yamaguchi journal of economics, business administrations & laws

The Economic Society of Yamaguchi University

PISSN : 0513-1758
NCID : AN00243258

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Yamaguchi journal of economics, business administrations & laws Volume 72 Issue 4-5
published_at 2024-01-31

On the Determination of Bond Yields, Loan Interest Rates, and Deposit Interest Rates

国債利回り, 貸付利子率, 預金利子率の決定について
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Available 2028-01-31
山口経済学雑誌72-4_5-001.pdf
In IS-LM model, it seems difficult to intuitively understand the concept of money market. Therefore, in this paper we present a simple economic model that explains the determination of loan interest rates, deposit interest rates, and government bond yields without using the concept of a money market.