Browsing by Subject "Interest rates"
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Item An examination of the long-run equilibrium relationship between taxable and tax-exempt interest rates(Texas Tech University, 1994-05) Chittenden, William ToddThe purpose of this research is to examine the relationship between taxable and tax-exempt interest rates. This paper examines the cause and effect relationship between taxable and tax-exempt yields and the factors that cause the tax-exempt to taxable yield ratio to change over time. The exact relationship between taxable and tax-exempt yields is still unresolved. Prior studies have examined the tax-exempt to taxable yield ratio. However, these studies do not say anything about the cause and effect relationship between taxable and tax-exempt yields. The yield ratio may change because of changes in the tax-exempt yield, the taxable yield, or both. It is not clear if changes in the tax-exempt yield lead changes in the taxable yield, or whether the opposite is true. This paper directly examines the cause and effect relationship between taxable and tax-exempt yields.Item Lagged effects of monetary growth rates on interest rates(Texas Tech University, 1984-12) Egbe, Mathias EttaNot availableItem The U.S. demand for food and other final goods: an analysis using the indirect utility function(Texas Tech University, 1985-12) Bednarz, Curtis R.The primary objective of this study is to identify the sensitivity of the domestic demand for food to changes in real interest rates. The real short-term treasury bill rate increased 314-percent from 1979 to 1984. During this same time period, financial conditions in agriculture declined significantly and some (Hughes and Penson, 1984) attribute this decline to increasing levels of the federal budget deficit and increasing interest rates. This study, therefore, examines the effects of increasing interest rates on the domestic demand for food.