From: Understanding Swiss real interest rates in a financially globalized world
Dependent variable: \(r_{t}\) | ||
---|---|---|
Debt/GDP | −0.010\(^{***}\) | −0.001 |
(0.004) | (0.002) | |
Government consumption/GPD | 0.135\(^{***}\) | 0.042\(^{***}\) |
(0.012) | (0.010) | |
Investment/GDP | 0.065\(^{*}\) | −0.043 |
(0.036) | (0.027) | |
Life expectancy | −0.298\(^{***}\) | −0.109\(^{***}\) |
(0.037) | (0.028) | |
Real GDP growth | −0.052\(^{**}\) | −0.021 |
(0.025) | (0.022) | |
Global interest rate, \(r_{t}^{w}\) | 0.907\(^{***}\) | |
(0.053) | ||
Observations | 1,178 | 1,178 |
R\(^{2}\) | 0.227 | 0.515 |