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The deficit ofthe federal budget dominates attention of the public
arena. The process began with President Carter’s ill-fated budget
announcement in February 1980. The response of the bond market
r...
THE CONQUEST OF WORLDWIDE INFLATION:CURRENCY COMPETITION AND ITS IMPLICATIONS FOR INTEREST RATES AND THE YIELD CURVE
INFLATION CURRENCY COMPETITION INTEREST RATES YIELD CURVE
2008/11/4
In the United States and in virtually every country around the
world, inflation has declined, and in most countries dramatically so. In
addition, the volatility of inflation and expectations of futu...