Thursday, November 23, 2017
loanable funds theory
WHAT IS THE LOANABLE FUNDS THEORY?
According to Keynes: " It is the interaction of supply and demand in the bond market – not the ‘loanable funds’ market – which determines the rate of interest."
Wednesday, November 22, 2017
interest rates and expectations
A New Conundrum in the Bond Market? by Michael D. Bauer
Interest Rates and Expectations: Responses and Further Thoughts by JW Mason
Interest Rates and (In)elastic Expectations by JW Mason
Sunday, November 19, 2017
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