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1. We observe very large and rapid declines in the policy rate (the very short rate) in late  2008 and early 2009. Considering the US, the UK, and Japan, did long rates fall as much  around that time or less or more?  2. When you compare the fall in long interest rates to the change in inflation expectations in  these same three countries, did the real long rate stay the same or rise or fall during that  period? 3. The BIS Report shows estimates of expected inflati ...

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Tags: University of Kuala Lumpur Economics Assignment Economics Assignment 

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