Are Market Forecasts Rational?
收藏NBER1980-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w0507
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资源简介:
This paper conducts tests of the rationality of both inflation and short-term interest rate forecasts in the bond market. These tests are developed with the theory of efficient markets and make use of security price data to infer information on market expectations.
提供机构:
美国国家经济研究局
创建时间:
1980-07-01



