That period is one year in this case. These are the formula and calculations: Investment B has a higher stated nominal interest rate but the effective annual interest rate is lower than the ...

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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 ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper reexamines some unsettled theoretical and empirical issues regarding ...