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You invest in a 30-year US Treasury bond that pays interest of 1.8% per year. If inflation is 1.5% per year, what is: The exact,
- You invest in a 30-year US Treasury bond that pays interest of 1.8% per year. If inflation is 1.5% per year, what is:
- The exact, real interest rate (Your answer should be a % carried to 3 places), and
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- The approximate real interest rate? (Answer is a % carried to 1 place)
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
