Sweidan, Osama D.; Maghyereh, Aktham I. - In: Economia Internazionale / International Economics 67 (2014) 4, pp. 493-516
In this paper we provide the first empirical study on the interrelationship between the Fed’s profit and selected macroeconomic variables i.e. policy interest rate, real gross domestic product (real GDP) and price level. We extract these macroeconomic variables from a simple theoretical model....