In October 1979, the Federal Reserve changed its policy of targeting the money supply and instead began to focus directly on short-term interest rates. Using the data in INTDEF.RAW, define a dummy variable equal to 1 for years after 1979. Include this dummy in equation (10.15) to see if there is a shift in the interest rate equation after 1979. What do you conclude?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.