Inflation aplenty already in the pipeline

Perspectives: No. 166 April 2008
Inflation aplenty already in the pipeline
By Wolfgang Kasper
9 April 2008

Do the many people who interact in financial markets to determine interest rates, look at the rear vision mirror, through side windows or out the front? Experience and economic theory teach us that financial markets are dominated by expectations, not surprising because credit contracts relate to the future.

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This article was first published by the Australian Financial Review online on 11 March 2008.

Articles in the Perspectives series plus a large library of books, studies, speeches, articles and DVDs on a wide range of public policy issues can be found at www.nzbr.org.nz

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ENDS

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