The Time Series Behavior of Real Interest Rates: A Comment
G. William Schwert
University of Rochester, Rochester, NY 14627
and National Bureau of Economic Research
Carnegie-Rochester Conference Series on Public Policy, 31 (Autumn 1986)
The Huizinga-Mishkin  paper presents a strong case that the changes
in monetary policy "regimes" by the Federal Reserve Board in October 1979
and in October 1982 caused major changes in the behavior of real interest
rates. This paper examines the robustness of these results.
Key words: Interest rates, Inflation, Federal Reserve, ARIMA
JEL Classifications: G12, G14, E32
Cited 8 times in the SSCI and SCOPUS through 2019
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© Copyright 1986, Elsevier
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