The Changing Behavior of the Term Structure of Interest Rates
收藏NBER1985-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1669
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资源简介：
We reexamine the expectations theory of the term structure using data at the short end of the maturity spectrum. We find that prior to the founding ofthe Federal Reserve System in 1915, the spread between long rates and short rates has substantial predictive power for the path of interest rates;
提供机构：
美国国家经济研究局
创建时间：
1985-07-01
