The Yield Curve walks into a bar. The Bartender says, "Hey, you're really getting into shape!" The Yield Curve replies, "Yep. I believe the Expectations Hypothesis is working on my slope!" The bartender inquires, "Are you sure?" to which the Yield Curve responds, "I'm positive."
Yield Curve Walks into a Bar
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Authors
- Richard W. Evans is an Assistant Professor of Economics at Brigham Young University
- Jason DeBacker is a Washington, D.C. economist.