Measuring the capital stock is crucial in some fields of economic research. Capital stock is not observable, and its estimation requires the knowledge of its rate of depreciation. In most of the cases, econometric is not used for this task. However this methodology is adecuate to generate...

This paper presents a macro-econometric model for medium- and long-term nominal interest rates and the empirical results obtained with US and UK data. The explanatory equation for nominal interest rates is derived from the equilibrium condition of the savings market and takes real, financial and...