Caporale, Tony; Choi, Kyongwook - In: Applied Economics 41 (2009) 11, pp. 1361-1365
This article revisits the key issue raised by researchers who have empirically investigated the behaviour of short term US interest rates during the period 1890-1933. The seminal article of Mankiw, Miron and Weil (1987) argues that changes in the behaviour of nominal interest rates is best...