#1983-004B "Interest Rates, Commodity Price Changes and Gibson's Paradox"
by W. W. Brown, and G.J. Santoni

Revised 1987

This paper argues that the positive relationship between the level of prices and interest rates noted by Gibson arises, in part, because measured prices indexes, which are comprised primarily of the prices of short-lived consumption goods, and nominal interest rates are both driven in the same direction by changes in the real rate of interest. More...

#1981-009A "The Liquidity Effect: Changes in the Growth Rate of Money and the Ex Ante Real Rate of Interest"
by W. W. Brown, and G.J. Santoni


No abstract provided More...