Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2007
, 1969; and Gibson, 1970a,b). These effects have roots in classical economics (e.g., Humphrey,
1983a,b). Because of the … weekend or a holiday, takes on the value of 1 on the business day closest to the
middle of the month.
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takes on the … Policy, 49, 149-94.
Bernanke, B.S. and Mihov, I. (1998b). “Measuring Monetary Policy,” Quarterly Journal
of Economics …