Homer on the History of Interest Rates
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Published:1988
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Page:99-109
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Container-title:Studies in Banking Theory, Financial History and Vertical Control
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Publisher
Palgrave Macmillan UK
Reference2 articles.
1. Professor Meiselman is currently most prominently identified with expectations-oriented hypotheses for term-structures. But J. A. G. Grant, ‘Meiselman on the Structure of Interest Rates: A British Test’, Economica, 31, pp. 51–71 (February 1964) finds Meiselman’s hypothesis to be inconsistent with British data, a result I should have expected to obtain on a priori grounds: bill rate at London is based so much on official determination that it is hard to believe that expectations can be captured by distributed-lag formulations.
2. Cf. Don Patinkin, Money, Interest, and Prices (Evanston, Ill., 1956) p. 155.