US Federal Reserve Rate and Solar Activity (1955-2022): Proof of Strong Correlations

Vladimir Belkin

Economic Thought journal, 2023, issue 2, 220-229

Abstract: 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%.

JEL-codes: G17 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://etj.iki.bas.bg/storage/app/uploads/public/ ... 2d6163b470741789.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2023:i:2:p:220-229

Access Statistics for this article

More articles in Economic Thought journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().