"I started thinking about where else can I get some kind of reasonable rate of return where return can actually be defined more fully than just how much money did I make."
VOA: special.2011.01.14
So, at any rate, this seemed to me to be, when I started teaching this course, reasons not to teach it.
因此无论如何对我来说,当我开始教这门课的时候决定不说它的原因。
I'm oversimplifying a little bit but between wars the rate tends to come down because people think, well the war is over.
我说得有点过于笼统了,但在战争期间,税率走势却有所下降,因为人们都觉得战争结束了。
Scientific research is progressing at such an alarming rate I think it's impossible to know what ten years from now will hold."
VOA: standard.2010.06.09
I remember when interest rate swap accounting was done on a different market security basis.
我记得利率会换记账法,在不同的证券市场施行时。
But if there is another argument for that claim, I'm eager to hear it, because this argument, at any rate, seems to me to be unsuccessful.
但如果确实有这种论点存在,我迫不及待地想听一听,因为这个论点无论怎么看,似乎都不会说得通。
I can give you the form and ask you to rate how attractive you think I am and I can give you the same instruction with a crucial difference "Please wait here.
我给你们这张表格,对我的魅力指数打分,同样的指示,但有一点重要的差别,我对你们说“请在这儿稍等片刻。
The interest rate has units of time, so I have to specify a time period over which I'm measuring an interest rate.
不同时间段有不同的利率,因此我必须在不同的时间段,细化不同的利率
I asked my graduate student research assistant to research the whole literature and find out where did the word forward rate come from.
我让我的助研去查找,所有相关文献,试图找到,谁最先提出了远期利率的概念
You can see various--this is the growth rate of home prices actually I should update this.
你能看到各种...这是房价增长率,这些数据现在需要更新
When you ask for the investment rate, you want to know the truth-- how much am I really getting so they don't monkey around here.
当你问投资收益率时,你要知道,我到底能赚多少,所以他们不再偷懒
I've got the Federal Funds Rate--it's the shortest interest rate, an overnight rate--it was at 4% at that time and then there was a sharp drop.
这是联邦基金利率,是最短期的利率,当时的隔夜拆借利率是4%,接下来利率急速下跌
In the early post-war period, the corporate--now I'm going to talk-- there's a distinction between the rate that they charge and the actual amount that they take.
在战后初期,公司的...我要说明的是,政府规定的税率,与实际征收的税率之间存在着差异
I'm talking about four-week Treasury bills; 2.25% the Federal Funds Rate is still at 2.25% but at least the more prominent three-month T-bill rate is at the end.
我在谈论月国库券;,联邦基金利率仍在%,但是至少显著地,季度国库券利率还在最低端。
So, what we want to do-- this is what Hicks discovered I can do the following transaction to lock in, in 1925, the interest rate between 1926 and 1927.
这就是希克斯所发现的,我可以在1925年进行以下交易,从而确定1926年到1927年的利率
I can lock in the interest rate right now.
我现在就可以把利率定下来
John? -You know I'm not gonna forecast ... either of those right now. -You are not gonna... I have the Taylor rule on the line with respect to the Federal fund's rate.
约翰呢?,-我现在不会,对这个做任何预测,-你不打算。,网上有泰勒规则啊,根据它能算出联邦基金利率。
That's all I have to do and I have locked in the interest rate.
以上是我为了确定利率而进行的操作
I showed you a one-year Treasury bill rate for right now-- that's not right now, but you can see I have a one-year and a two-year Treasury bill rate.
一年期国债利率的期限结构图,现在没有了,但你们看过了,一年期和两年期的国债利率
I will get to this later, where I have the return minus the interest rate on this axis and the market return minus the interest rate on this axis.
迟一些我会讲到,就是用这个轴表示收益减去利率,这个轴表示市场收益率减去利率
Forward rates I wrote a survey article years ago about the term structure of interest rates and I wanted to find out who was the originator of the term "forward rate."
远期利率,很多年前我写过一篇,研究利率期限结构的文章,我想知道谁是"远期利率"这个词的创始人
At any rate, I don't know for certainty that I'm a harder grader, but I believe that it's the case based on reactions I get when I give the speech that I'm about to give.
不管怎么,虽然不是特确定我评分严格,但相信应该就是这样,根据我每次说这些话时得到的反应来说。
And it is almost like being in love except what it really is is two shots of caffeinated espresso causing a rapid heart rate an increase in respiration, sweaty palms, but I don't realize--she doesn't realize that's what it is.
跟恋爱一样的感觉,其实什么都不是,而是双倍浓度的咖啡因,导致心跳加速,呼吸急促,掌心冒汗,但我没意识到--她没意识到那是什么。
What Hicks said is that in these term structures, actually, I've just showed the one-period, he had one-period forward rate-- but you could do it over any combination and you can get forward rates of any maturity at any future date.
希克斯指出利率期限结构中,我刚才给你们演示了,希克斯是如何推导一年期远期利率的,但是你们通过其他组合重新推导,还算出未来任意时刻,期限的远期利率
but I think it's motivational, and so I said, are you sure that J.R. Hicks invented the term "forward rate"?
但我觉得这很有趣,我问他,你能肯定,J·R·希克斯是"远期利率"的提出者吗
What we do is we take the interest rate, which I'll call r, and plug it into a formula, which I didn't actually do the arithmetic to their number.
我们只需将利率r,代入等式中,虽然我没有代入数字验证过...
Home prices are falling at the highest rate we've ever seen. I have my own index s Case-Shiller indexes the Standard & Poor's Case-Shiller indexes and we announced our indexes yesterday.
房价正在以我们从未见过的速度下跌,我有自己的一个指数,名字叫The,Standard&Poor’,而且昨天我们公布了我们的指数。
I would take my income this year, invest it at the interest rate, and it would turn into Y today times and then I get income next year; so I could consume all that.
可以将今年收入,以利率水平投资,Y天后这份收入就会变成1+R倍,在获得明年的收入后,这些可以一起花掉
应用推荐