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Real Interest Rates 195485
Inflation Expectations and Monetary Indicators
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achieve assets bond yields budget deficits business investment business savings capital flows consumption crowding-out analysis current-account decline demand depreciation economic growth effects employment growth Essay Europe exchange-rate expected fiscal action fixed investment GDP Employment Productivity Germany France Britain government deficits government savings growth rate high interest rates high real interest higher housing investment increase industrial countries inflation infrastructure inventory building investment needs Japan Germany France labor force LDCs major ment monetarist monetary growth monetary policy Moreover net-investment NIA and national nomic North Sea oil oil shock oil-price shock OPEC output percent of GDP personal savings personal-savings rates pound private savings productivity growth protectionism rapid growth ratio real exchange rates real interest rates real wages recession recovery reduction savings rate sector short-term slower growth social security surplus Table target target bands traditional Keynesian trend U.S. dollar U.S. Japan Germany United wage share yield curve