What people are saying - Write a review
We haven't found any reviews in the usual places.
DESCRIPTION OF THE MODEL
APPENDIX T0 CHAPTER II
PREPARATION OF DATA
8 other sections not shown
assumed assumption average term behavior bias Bk,t calculated Chapter Coefficients for m-Year coupon current rates Data Transformation different maturities distributed lag equation estimated forecasts expected future rate expected holding period Five-Year Rate forecast errors forward and expected forward rate given maturity Hence Before Data holding period yields interest rates investors Kessel liquidity premiums long lenders long maturities m-period m-Year Rate Hence Malkiel maturity classes maturity preference hypothesis maturity structure Maturity-Class Coefficients mean values Meiselman Months Earlier Months Hence outstanding debt polynomials predictions premiums and current pure expectations hypothesis random walk hypothesis regressions Rm,t Rm,t+n sample period securities of different serial correlation short lenders short maturities short rates spot rate Structure of Interest structure of outstanding t+nFm,t Table Ten-Year Rate term structure term to maturity test period theory thesis model tion Treasury Bulletin Treasury securities Twenty-Year Rate type of debt yield curves