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INTEREST HATE IN THEORY AND POLICY - Coverage I . Alternative Theories of the I n t e r e s t Rate: A. Real v s . Monetary Theories a. Real - Marginal p r o d u c t i v i t y theory; Austrian c a p i t a l theory; Time-preference theory b. Monetary - Liquidity-preference; loanable funds H * Interest-Rate Structure A. Long v s . short-rate r e l a t i o n s h i p s B. Movements of r a t e s : H i s t o r i c a l and S t a t i s t i c a l studies H I . Role of Interest Rate i n Monetary- P o l i c y A. Effects of rate changes 1. Impact on investment and employment
@FedFRASER