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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...