Money and Banking |
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Page 134
... interest rates , an upsweeping yield curve is interpreted to mean that on the average the market expects short - term interest rates to rise in the future . Is this reasonable ? Yes , it is . For , as we have noted , an upsweeping yield ...
... interest rates , an upsweeping yield curve is interpreted to mean that on the average the market expects short - term interest rates to rise in the future . Is this reasonable ? Yes , it is . For , as we have noted , an upsweeping yield ...
Page 423
... interest rates play a reasonably important role in the determination of business investment . Suppose , for example , that the elasticity is -0.4 . Then a rise in the rate of interest from 4 to 5 percent ( which is a relative increase ...
... interest rates play a reasonably important role in the determination of business investment . Suppose , for example , that the elasticity is -0.4 . Then a rise in the rate of interest from 4 to 5 percent ( which is a relative increase ...
Page 544
... interest rates are the best targets of monetary policy ; for example , they might suggest that a long - term interest rate of 5 percent would restore full employment and urge the Fed to try to move interest rates to this level . As ...
... interest rates are the best targets of monetary policy ; for example , they might suggest that a long - term interest rate of 5 percent would restore full employment and urge the Fed to try to move interest rates to this level . As ...
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accounts amount analysis assets average balance of payments bank reserves bank's bankers banking system banks per town bond borrowing branch banking capital cash Chapter coefficient commercial banks corporations currency curve decrease demand deposits demand for money dollars economists economy employment equilibrium example excess reserves exchange rate FDIC Federal Reserve System Figure financial institutions function funds gold government securities holding companies increase inflation interest rates investment investor issue Keynesian liabilities liquidity long-term maturity member bank reserves merger million monetary policy money market money supply national banks national income number of banks open market operations percent portfolio profit quantity of money quantity theorists question rate of interest real bills doctrine real sector regression analysis regression equation relationship reserve requirements S&Ls savings deposits schedule sell short-term statistical Table tion transactions Treasury bills unit banking United States government yield curve