Define a dummy variable equal to 1 for years after 1979


In october 1979 the federal reserve changed its policy of using finely tuned interest rate adjustement and instead began targeting the money supply. using the data in INTDEF.RAW, Define a dummy variable equal to 1 for years after 1979. Include this dummy in equation (10.15) to see if there is a shift in the interest rate equation after 1979. what do you conclude ?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Define a dummy variable equal to 1 for years after 1979
Reference No:- TGS01012701

Expected delivery within 24 Hours