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- W1547431677 abstract "Recent statistical evidence is shown to be contrary to Fisher's view of the level and term structure of interest rates. A modification of Keynes's liquidity hypothesis is proposed based on a linkage established between investor expectations and attitudes toward risk in finance and the shape and position of yield curves. Based on this analysis, the steep yield curves observed in the early 1990s and early 2000s were a function of extreme financial conservatism in the immediate aftermath of severe economic, financial, and political crises." @default.
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- W1547431677 date "2014-12-08" @default.
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- W1547431677 title "A note on Fisher's equation and Keynes's liquidity hypothesis" @default.
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- W1547431677 doi "https://doi.org/10.1080/01603477.2005.11051455" @default.
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