The effective annual interest rate is the true interest rate on an investment or loan. A savings account or a loan may be advertised with both a nominal interest rate and an effective annual ...

and are published to elicit comments and to further debate This paper reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper examines the distribution of output around capacity when money ...