Abstract
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.*
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© 2002 Springer Science+Business Media New York
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Langdana, F.K. (2002). Long-Term Interest Rates, the Yield Curve and Hyperinflation. In: Macroeconomic Policy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3646-5_6
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DOI: https://doi.org/10.1007/978-1-4757-3646-5_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3648-9
Online ISBN: 978-1-4757-3646-5
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