Capital market expectations (On Page 109, Book 2 of Schweser
about LOS 23.i Key concepts;
Schweser says;
When both fiscal and monetary policies are expansive, the yield curve is sharply upward sloping.
for example, expansive monetary policy leads to lower interest rates??
why yield cureve is upward sloping?
anyone explain this mechanism?
thanks for the help! |
发表于 2013-4-8 11:53
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