Neely, Christopher J. (contributor); … - 2008
rates when there is a significant chance of deflation.
5
Peláez (1995) provides evidence that inflation-expectation errors …@slu.edu
1
1. Introduction
The real interest rate—an interest rate adjusted for either realized or expected inflation—
is the …
Heterogeneous agents face different real interest rates, depending on horizon, credit risk, and other factors. And
inflation rates …