Monetary Policy and the Term Structure of Interest Rates
收藏NBER1994-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4938
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资源简介：
This paper addresses a prominent empirical failure of the expectations theory of the term structure of interest rates under the assumption of rational expectations. This failure concerns the magnitude of slope coefficients in regressions of short rate (or long- rate) changes on long-short spreads.
提供机构：
美国国家经济研究局创建时间：
1994-11-01
