0 used to describe a financial product that pays money in the form of interest:
an interest-bearing account
1 used to describe a financial product that pays money in the form of interest:
To calibrate the model, we interpret d as an aggregate of interest-bearing monetary assets and d as the corresponding dual price aggregate.
We equate financial services with an aggregate of interest-bearing monetary assets (deposits), and we assume that monetary assets are weakly separable from consumer goods.
We chose to further include interest-bearing sight deposits in all tested groupings.
This assumes banks are able to offer interest-bearing deposits in a steady state with no inflation. 13.
This is very much to the point for interest-bearing loans.
We generalize a money-in-the-utility function model to include interest-bearing deposits and use the model to estimate the welfare cost of inflation.
More importantly, the opportunity cost of interest-bearing deposits was an increasing function of the rate of inflation.
These loans were not just anonymous interest-bearing payments; they were one of the mechanisms through which the patron-client relationship was forged.
