Tuesday, November 9, 2010

MILTON FRIEDMAN'S SURPRISING SECRET....

It's very nice...
MILTON FRIEDMAN'S SURPRISING SECRET

http://www.boston.com/globe/search/stories/nobel/1992/1992n.html

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Falling Bond Yields, Federal Reserve Credibility, and the Power of Long-Run Expectations in the U.S. Economy.....

Introduction Bond markets often respond to changing expectations before central banks formally alter policy rates, making government bond ...