THE TERM-STRUCTURE OF INTEREST RATES AND EXPECTATIONS OF PRICE INCREASE AND DEVALUATION

Authors

  • H. Ben-Shahar,

  • A. Cukierman

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    • The authors are respectively Professor of Economics, Tel Aviv University and Ph.D. candidate, Massachusetts Institute of Technology. The study was supported by the Bank of Israel, and the Foerder Institute of Economic Research at the Tel Aviv University. We wish to thank Professor Michael Bruno from the Hebrew University and the referee for their helpful comments.

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