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The case of the negative nominal interest rates : new estimates of the term structure of interest rates during the great depression
Cecchetti, Stephen G. - 1987
Persistent link: https://www.econbiz.de/10000755413
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The case of the negative nominal interest rates : new estimates of the term structure of interest rates during the Great Depression
Cecchetti, Stephen G. - In: Journal of political economy 96 (1988) 6, pp. 1111-1141
Persistent link: https://www.econbiz.de/10001063762
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The Case of the Negative Nominal Interest Rates : New Estimates of the Term Structure of Interest Rates During the Great Depression
Cecchetti, Stephen G. - 1987
During the 1930s and early 1940s U.S. Treasury bonds and notes had negative nominal yields as they approached maturity. But since an investor can always hold cash, this is impossible. Any bond must have a positive nominal yield. This paper poses a resolution to this puzzle: in addition to making...
Persistent link: https://www.econbiz.de/10012476595
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The Case of the Negative Nominal Interest Rates : New Estimates of the Term Structure of Interest Rates During the Great Depression
Cecchetti, Stephen G. - 2011
During the 1930s and early 1940s U.S. Treasury bonds and notes had negative nominal yields as they approached maturity. But since an investor can always hold cash, this is impossible. Any bond must have a positive nominal yield. This paper poses a resolution to this puzzle: in addition to making...
Persistent link: https://www.econbiz.de/10013127645
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Prices during the great depression : was the deflation of 1930 - 32 really unanticipated?
Cecchetti, Stephen G. - 1989
Persistent link: https://www.econbiz.de/10000778786
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Understanding the great depression : lessons for current policy
Cecchetti, Stephen G. - 1997
Persistent link: https://www.econbiz.de/10000627881
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Sources of output fluctuations during the interwar period : further evidence on the causes of the great depression
Cecchetti, Stephen G.; Karras, Georgios - 1992
Persistent link: https://www.econbiz.de/10000136657
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Do capital adequacy requirements matter for monetary policy?
Cecchetti, Stephen G.; Li, Lianfa - In: Economic inquiry : journal of the Western Economic … 46 (2008) 4, pp. 643-659
Persistent link: https://www.econbiz.de/10003775271
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Assessing the sources of changes in the volatility of real growth
Cecchetti, Stephen G.; Flores-Lagunes, Alfonso; Krause, … - 2006
Persistent link: https://www.econbiz.de/10003281772
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Assessing the sources of changes in the volatility of real growth
Cecchetti, Stephen G.; Flores-Lagunes, Alfonso; Krause, … - In: The changing nature of the business cycle : proceedings …, (pp. 115-138). 2005
Persistent link: https://www.econbiz.de/10003308869