During the mid-luteal phase of the cycle, when progesterone production is at its peak, the secretory endometrium is optimally prepared for the implantation of an embryo.A diagrammatic representation of the intricate interactions involved in coordinating the menstrual cycle is provided in Fig.
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This chart further expands risk-free nominal bond data introduced in a previous post, and adjusts for historical ex-post inflation data provided by Bob Allen, Bank, Bundesbank, archival, and FRED data.
We trace the use of the dominant risk-free asset over time, starting with sovereign rates in the Italian city states in the 14 centuries, later switching to long-term rates in Spain, followed by the Province of Holland, since 1703 the UK, subsequently Germany, and finally the US.