Go to the CANSIM data available in the Student Resources section of your MyEconLab website and download

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Go to the CANSIM data available in the Student Resources section of your MyEconLab website and download monthly data from 1962:1 to 2011:12 for the three-month T-bill rate (series V122531).

a. What is the average nominal interest rate, it?

b. Calculate the change in it.

Δit = it+1 - it .


What is the average change? The average standard deviation?

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Related Book For  book-img-for-question

The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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