## Expectations, Uncertainty, and the Term Structure of Interest Rates |

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### Contents

The Traditional or Expectations Theory of | 23 |

The Meiselman Hypothesis in Theory | 63 |

The Malkiel Theory its Hypothesis and their | 115 |

Copyright | |

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### Common terms and phrases

adaptive expectations aggregate assets assumption average banks basis behaviour bond market calculated ceteris paribus changes chapter conclusions correlation coupon Culbertson debt supplies dependent variable different from zero discussion distributed lag econometric effect empirical error term error-learning estimates evidence example exist Expectations Theory expected one-year rates expected rates expected returns forecast forward rates function given government debt Hedging Pressure Theory Hicks—Lutz theory Hicksian formula holding period holding-period returns inertia hypothesis interest rates investment investors Kessel kind liabilities liquidity premiums long bonds long rate long-term rate Lutzian Malkiel hypothesis maturity Meiselman Hypothesis multicollinearity n-year normal range observed one-year bond portfolio positive possible predictions produced proposition rate of interest regression relationship relevant Risk Premium Theory sector Segmentation short bonds short rate short-rate short-term rates slope coefficients spot rates structure of interest term structure Traditional Theory Treasury bills yield curve yield-gap yield-to-maturity curve