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Why haven't nominal rates declined?, Financial Analysts Journal

Abstract

Analyzes the increase in the variance of return on long-term bonds in the U.S. between 1977 and 1981. Usage of the Capital Asset Pricing Model to help explain the behavior of interest rates; Calculation of the real risk premium on bonds.

Type

Article

Author(s)

Zvi Bodie, Alex Kane, Robert L. McDonald

Date Published

1984

Citations

Bodie, Zvi, Alex Kane, and Robert L. McDonald. 1984. Why haven't nominal rates declined?. Financial Analysts Journal. 40(2): 16-27.

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