Long-Term Interest Rates, the Yield Curve and Hyperinflation

  • Farrokh K. Langdana


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.*


Interest Rate Monetary Policy Central Bank Yield Curve Budget Deficit 
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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Farrokh K. Langdana
    • 1
  1. 1.Rutgers Business SchoolUSA

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