# "A History of Interest Rates," co-authored by Prof. Richard Sylla, is cited

1 Faculty News April 27, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-04-27/yields-seen-declining-based-on-200-year-history-muni-credit.html) -- "Looking back two centuries to the presidential administration of Madison, who was first elected in 1808, long- term municipal yields have averaged 4.65 percent, according to Kozlik. He used data from 'A History of Interest Rates' by Sidney Homer and [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) for his calculation."

[Read more](http://www.bloomberg.com/news/2012-04-27/yields-seen-declining-based-on-200-year-history-muni-credit.html)