Who Puts the Inflation Premium Into Nominal Interests Rates?
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For expectations of price inflation to affect interest rates, they must affect the behavior of borrowers and lenders or both. This paper analyzes the emergence of the inflation premium in long-term interest rates as the explicit result of borrowers' and lenders' behavior in the bond market in
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美国国家经济研究局创建时间：
1978-01-01
