US FEDERAL RESERVE RATE AND SOLAR ACTIVITY (1955-2022): PROOF OF STRONG CORRELATIONS
Резюме
The report uses a methodological approach founded by Jevons and Chizhevskij. The years of solar cycles have been numbered according to the order established in the astrophysics of the un, then grouped and compared with the arithmetic averages of effective rates for US federal funds. Grouping statistical data by serial numbers of years of solar activity cycles has made it possible to construct a function of effective rates on federal funds (dependent variable) and serial numbers of years of the average solar activity cycle (independent variable) with correlation coefficients on its four segments close to 1 (0.99499269, -0.998464195, 0.986985363, -0.996221106). This function enables predicting the values of the effective interest rate on US federal funds in subsequent years. It follows that in 2023 this rate will increase to 1.996%.
Ключови думи
JEL класификация
Как да се цитира
Литература (библиография)
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