Describe what is meant by the expectations theory of the term structure of interest rates. Why isnt

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Describe what is meant by the expectations theory of the term structure of interest rates. Why isn’t the expectations theory sufficient to describe the data on interest rates that we observe? What must be added to the expectations theory to form a more accurate theory?

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Macroeconomics

ISBN: 126168

8th Edition

Authors: Abel, Andrew B;Bernanke, Ben S;Croushore, Dean

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