A Hicksian link between inflation and the term structure

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Title: A Hicksian link between inflation and the term structure
Authors: Honohan, Patrick
Permanent link: http://hdl.handle.net/10197/1438
Date: Sep-1987
Abstract: Hicks suggested that a "constitutional weakness" at the long end of the bond market causes long yields to exceed short yields on average. This note argues that such a weakness would be accentuated by inflation and provides supportive empirical evidence.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; No. 51
Subject LCSH: Inflation (Finance)--Econometric models
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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