Investing may be an art, but even the greatest artists have a strong understanding of the science at the foundation of their craft. In the world of bonds, yields, and interest rates, the Unbiased ...

This article focuses on academic theory, away from the political debate on deflation and expectations. An analogy using physics is used to examine how economics has considered the formation of ...

Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do ...

Definition of 'Expectations Hypothesis of the Term Structure of Interest Rates (Yield Curve)' Long-term interest rates reflect the market consesnsus on the changes in short-term interest rates.

The Bank of Japan (BOJ) held its regular Monetary Policy Meeting on September 20 and 21, 2016 to define a new easing policy framework for guiding the short- and long-term interest rate, stressing its ...

Robert Lucas Jr, the recipient of the Economics Nobel Prize in 1995, breathed his last on May 15. Lucas was a preeminent macroeconomist in the Chicago tradition. Robert Lucas Jr. smiles in his Chicago ...