Real interest rate

Auch in: DE FR

A nominal interest rate adjusted by the – actually measured, realized inflation rate or the expected inflation rate (the inflation-adjusted return on invested funds). In the calculation basis of long-term
Investment and consumption decisions are based on the expected real interest rate, also known as the EXANTE real interest rate. – If the inflation rate is higher than the interest rate, this is often referred to as a negative real interest rate. – For foreign investments, sometimes also the nominal interest rate taking into account hedging costs (swap rate). – See cost of equity, Fisher parity, inflation differentials, real interest rate argument, interest rate, real. – Cf. Monthly Report of the Deutsche Bundesbank of July 2001, pp. 33 ff; Monthly Report of the ECB of July 2005, pp. 32 ff (measurement of expected changes also in real forward interest rates; overviews); Monthly Report of the Deutsche Bundesbank of December 2008, p. 38 (different real interest rates in the European Monetary Union); Monthly Report of the ECB of July 2014, pp. 33 ff (real interest rate in the EMU as a function of various variables; influence of population aging and changed accounting principles; comparative overviews; references).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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Passende Formel

Fisher-Gleichung: Realzins

\[r=\frac{1+i}{1+\pi}-1\]

Nominalzins, Inflation und realen Zinsertrag konsistent miteinander verknüpfen.

Variablen: r Realzins; i Nominalzins; π Inflationsrate.

Anwendung: Zur Berechnung der realen Verzinsung von Geldanlagen, Krediten und gesamtwirtschaftlichen Zinssätzen.

Formel vollständig öffnen
Zitieren

Merk, G. (Hrsg.): „Real interest rate“. In: Finanz- und Wirtschaftslexikon. https://www.gerhardmerk.de/real-interest-rate/ (Stand: 25.07.2023).

Die von Universitätsprofessor Dr. Gerhard Merk begründete Sammlung wird seit Herbst 2014 von Professor Dr. Dr. h.c. Eckehard Krah redaktionell fortgeführt und um neue Begriffe ergänzt. Sollten Sie Fehler entdecken oder sonstige Hinweise haben, schreiben Sie an: info@ekrah.com

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