Paul Krugman on the yield curve
Paul Krugman on the positively-sloping yield curve.
Memo to self: yes, but it still has some information: whether Fed has some chance to raise interest rate. As long as the market expects the Fed is determined at the zero interest rate, the yield curve will be more flat. Therefore, the form of the slope is irrelevant, but still the form gives us some information.
- Glen Weyl: Price Theory and Market Design Fall 2013(2015.12.19)
- Inputs in the Production of Early Childhood Human Capital: Evidence from Head Start(2014.11.03)
- Great Teachers: How to Raise Student Learning in Latin America and the Caribbean(2014.09.17)
- On Piketty(2014.05.29)