On the interwar period 1918-1940, real rates was indeed quite large, possibly better more than 5 per cent
On the interwar period 1918-1940, real rates was indeed quite large, possibly better more than 5 per cent This is partly as a result of the policy away from gold parity and you may the latest reestablishment of the gold standard, and that resulted in higher nominal interest levels in certain places. The fresh post-Second […]