Christiano, Lawrence J. (contributor); … - 2004 - [Elektronische Ressource]
is taken from the NBER database. The
interest rate spread is the difference between yields on Baa and Aaa corporate bonds … natural to consider in view of the many legislative and other
changes in the 1930s, affecting the degree of competition among … special effort is made to reduce direct costs per unit, largely by laying
off the less efficient workers and by improving …