## Abstract According to several empirical studies US inflation and nominal interest rates as well as the real interest rate can be described as unit root processes. These results imply that nominal interest rates and expected inflation do not move oneβforβone in the long run, which is incongruent
Inflation and the real rate of interest
β Scribed by Walter W Haines
- Publisher
- Elsevier Science
- Year
- 1986
- Tongue
- English
- Weight
- 346 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0167-4870
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