The Adjustment of Expectations to a Change in Regime: A Study of the Founding of the Federal Reserve
收藏NBER1987-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2124
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资源简介：
The founding of the Federal Reserve System in 1914 led to a substantial change in the behavior of nominal interest rates. We examine the timing of this change and the speed with which it was effected. We then use data on the term structure of interest rates to determine how expectations responded.
提供机构：
美国国家经济研究局
创建时间：
1987-01-01
