1.   But if the expected rate of inflation changes then the Phillips curve will shift.

2.   The expected rate of inflation was revised upwards.

3.   If the expected rate of inflation is higher than the break-even rate of inflation, investors will prefer the index-linked bond.

4.   The expectations hypothesis argues that the long-term interest rate is a geometric average of expected future short-term rates.

5.   Equation is a theory explaining the expected rate of appreciation of the exchange rate.

6.   Consequently, aggressive shares have a higher expected rate of return than the market during a general increase but the return falls equally sharply when the market turns.

7.   Risk of change in the expected rate of long-term growth of the economy.