Federal Funds Rate Stationarity: New Evidence

This paper investigates the stationarity of the Federal Funds Rate. It contributes to the existing empirical literature in two ways. First, it explores both the presence of unit root and structural changes in the federal funds rate monthly data, by allowing for interaction between these two assumpti...

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Bibliographic details
Main Author: Bec, Frédérique
Format: Paper
Language: English
Place of publication: 2008
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2008
Series: THEMA Working Papers
Subjects:
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
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