Browsing FAS Scholarly Articles by Author "Kuttner, Kenneth N."
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Indicator Properties of the Paper—Bill Spread: Lessons from Recent Experience
Friedman, Benjamin Morton; Kuttner, Kenneth N. (MIT Press, 1998)A feature of U.S. postwar business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the ...