2 ms·
Well before that period the federal funds rate didn't exist, so one can't compare it to the wild swings from inflation to deflation in the 19th century. (There
by bildung 5y ago
Well before that period the federal funds rate didn't exist, so one can't compare it to the wild swings from inflation to deflation in the 19th century.
(There are a bunch of studies for stock and property returns, or for treasuries like you linked, but that's something quite different).
- runeks 5y agoBill of Exchange discounting goes back many centuries. It should be possible to compare this historic discount rate to inflation. I think it would be interesting to see the result, but I don’t have the data unfortunately.