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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1157 |
Essay's paper body
Because of this, he rejects the theory that there is a puzzle at all. There just has not been a need to greatly adjust the long term interest rates, because they are already in line with the markets expectations. His explanation follows the expectations theory. Under his theory, until new and unexpected information becomes available, the long term interest rates should be expected to maintain the same trend...
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There just has not been a need to greatly adjust the long term interest rates, because they are already in line with the markets expectations. His explanation follows the expectations theory. Under his theory, until new and unexpected information becomes available, the long term interest rates should be expected to maintain the same trend...
Essay fragment
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