Survey Evidence on The Rationality of Interest Rate Expectations
收藏NBER1980-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0261
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资源简介：
An analysis of predictions of six interest rates over 3-months-ahead and 6-months-aheadhorizons, surveyed regularly over eight years, casts doubt on the hypothesis that market participants' expectations are 'rational' in Muth's sense. Tests show that the survey respondents did not make unbiased
提供机构：
美国国家经济研究局
创建时间：
1980-12-01
