Students will work to find, analyze, and interpret economic data for a country of their choice. They will summarize their findings in a written report. It is a 3-4 pages, single-spaced text about interest rates (both real interest rate and nominal interest rate)of a country (The U.S), over a time series ( 25 years), explain each of them meaning and why are they important for money policy. You should plot a time series of the aggregates then, compare them over a time series.
When talking about interest rate, talk about real and nominal interest rate and try to see if over a time series, if there is a relationship that we can and cannot explain.
Pre 1991 and post 91 (US targeting year), is there a better link between money aggregate inflation and the rates of interest? Do we see real and nominal interest rates change in Canada post or pre inflation targeting?
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