I am slowly moving towards the end of writing an ebook which discusses interest rate cycles. One of the theoretical topics of interest is the relationship between interest rates and fixed investment. Like many other post-Keynesians, I do not feel that interest rates are particularly important for the determination of the level of investment. This article is a brief introduction to this topic, focussing on what we know about the economic cycle.…Bond Economics
Fixed Investment, Yields, And The Cycle
Brian Romanchuk
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