This paper explains the contradictory findings from long-run and short-run tests of the rational expectations hypothesis of the term structure. Recent research suggests that, while the long-run tests support the theory, the short-run tests do not. Our results which are based on US Treasury bills rat
Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors?
β Scribed by ANTONIOS SANGVINATSOS; JESSICA A. WACHTER
- Book ID
- 109176155
- Publisher
- John Wiley and Sons
- Year
- 2005
- Tongue
- English
- Weight
- 384 KB
- Volume
- 60
- Category
- Article
- ISSN
- 0022-1082
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