Investors' Portfolio Behavior Under Alternative Models of Long-Term Interest Rate Expectations: Unitary, Rational, or Autoregressive
收藏NBER1980-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0178
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资源简介：
This paper develops behavioral relationships explaining investors' demands for long-term bonds, using three alternative hypotheses about investors' expectations of future bond prices (yields). The results, based on U.S. 'data for six major categories of bond market investors, consistently support an
提供机构：
美国国家经济研究局
创建时间：
1980-04-01
