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Glossary entry

Italian term or phrase:

a breve di lungo periodo

English translation:

short-term real rate of interest over the long term

Jul 31, 2006 10:12
17 yrs ago
Italian term

a breve di lungo periodo

Italian to English Bus/Financial Finance (general) Statistical predictive analysis of inflation
Ciao
Ho un testo che parla, appunto di "tasse a breve di lungo periodo" che non riesco capire, perche solitamente tradurrei "a breve" con "short-term" e "lungo period" con "long-term". Ovviamente mi sfugge qualcosa. Ecco uno dei vari contesti (non che aiuti molto):

Nel lungo periodo la componente ciclica della crescita reale tende a zero, il ciclo della inflazione al livello di lungo periodo, il tasso di interesse a breve nominale è pari al tasso a breve reale di lungo periodo più il tasso di inflazione di equilibrio

TIA
Derek
Proposed translations (English)
1 +5 short-term real rate of interest over the long term

Proposed translations

+5
18 mins
Selected

short-term real rate of interest over the long term

careful...tasso.

The nominal interest rate is equivalent to short term real rate over the long term plus the rate of inflation.

I think they are focusing on the fact that a short-term real rate (single observation) cannot be used. Statistically, there would be too much noise. But the short term rate observed over a longer period. i.e., a 1 month rate observed for 2-5 years.

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Note added at 18 mins (2006-07-31 10:31:24 GMT)
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oops. confidence level 4....mouse dexterity 0
Peer comment(s):

agree Claire Restivo : Yes.
5 mins
agree GAR
18 mins
agree Rosanna Palermo
2 hrs
agree Peter Cox
2 hrs
agree savaria (X)
9 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Hi Paul Thanks for your rapid and clear-sighted answer. it was most helpful and cleared the fog immediately. Thanks also to your many endorsers. Cheers Derek"
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