The model includes a dummy variable that is equal to one in the first quarter of 1973, when credit controls temporarily inverted the normal relationship between the rate on bank loans and the commercial paper rate. The data in this example cover the period from the fourth quarter of 1954 ...
That reminds me of those annoying “Baby On Board” signs suggesting that I have to drive extra careful when I’m near a car with a baby in it. We all live in the same world. Either figure out how to survive in it, or get the hell out. We all have the same responsibility to on...