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The Figure Below Shows the Three-Month Bond Yield (Solid Line)

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The figure below shows the three-month bond yield (solid line) and the inflation rate (dashed). Discuss what has happened to the real three-month bond yield over the period shown, 2003-2015. Are there any "unusual" occurrences over this period?Figure 8.3: Nominal Three-Month Yield and Inflation The figure below shows the three-month bond yield (solid line) and the inflation rate (dashed). Discuss what has happened to the real three-month bond yield over the period shown, 2003-2015. Are there any  unusual  occurrences over this period?Figure 8.3: Nominal Three-Month Yield and Inflation


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