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The Real Interest Rate: An Empirical Investigation

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NBER1981-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w0622
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资源简介:
This paper is an empirical exploration of real interest rate movements in the United States over the last fifty years. It focuses on several questions which have repeatedly arisen in the literature. How valid is the hypothesis associated with Fama (1975) that the real rate of interest is constant?
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1981-01-01
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