曼昆经济学原理英文课件princ-ch24.pptVIP

* * This graph replicates Figure 3 from this chapter. The nominal interest rate is the rate on a three-month Treasury Bill. The real interest rate is this rate minus the inflation rate as measured by the percentage change in the CPI. Notice that the nominal and real interest rates often do not move together, due to variation in the inflation rate. Sources: CPI – Bureau of Labor Statistics Treasury bill rate – Board of Governors of the Federal Reserve System. I obtained both from the Federal Reserve Bank of St. Louis “Fred” database: /fred2/ * Real and Nominal Interest Rates in the U