昆士兰大学 金融市场经济学教学课件Lecture 4 The Risk and Term Structure of Interest Rates.pdfVIP

Economics of Financial Markets – Lecture 4 Nhan Phan School of Economics Review: Concepts from the last week • Mostly from Chapter 5 • The demand and supply curves for the bond market • The equilibrium interest rate in the bond market • Liquidity preference framework • The demand and supply curves in the market for money • Liquidity effect • Income effect • Price-level effect • Expected-inflation effect Review from the Last Week • When money supply increases, Effect Change