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- W2028521738 abstract "This paper reexamines whether the term structure of interest rates, rather than merely a single interest rate, should be included in the demand for money of the interwar era. In contrast to earlier work, we use cointegration techniques to model the equilibrium/error correction process, and find that a sufficiently rich dynamic model using a single interest rate has considerable explanatory power. Nevertheless, we conclude that the inclusion of the term structure may help to explain the turbulent monetary dynamics of the Depression era." @default.
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- W2028521738 date "1998-06-01" @default.
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- W2028521738 title "Reexamining the term structure of interest rates and the interwar demand for money" @default.
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- W2028521738 doi "https://doi.org/10.1007/bf02771472" @default.
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