1.8. If a forecaster spends hours every day studying data to forecast interest rates but his expectations...
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1.8. If a forecaster spends hours every day studying data to forecast interest rates but his expectations are not as accurate as predicting that tomorrow's interest rates will be identical to today's interest rate, are his expectations rational?
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The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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