Long-Term Interest Rates, the Yield Curve and Hyperinflation
This chapter introduces the role of intertemporal expectations into our analysis. Effects of current and expected inflation on long-term interest rates will be the focus of the first half of this chapter. This will be followed by a discussion of the ultimate macroeconomic meltdown—hyperinflation.*
KeywordsInterest Rate Monetary Policy Central Bank Yield Curve Budget Deficit
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