He had published the "General Theory of Employment, Interest and Money" the year before.
VOA: special.2011.05.01
I wanted to talk about the theory of interest as presented by Professor Irving Fisher at Yale, who is famous for having exposited that.
接下来要讲的是利息理论,是由耶鲁的欧文·费雪教授所提出的,他因阐述这个理论而出名
The theory of the term structure is the theory of how interest rates differ according to maturity or term.
利率期限结构理论就是,怎样由不同的期限,产生不同的利率
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
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