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Rational Expectations and Short-Run Neutrality: A Reexamination of the Role of Anticipated Money Growth

✍ Scribed by Frederick Carns and Raymond Lombra


Book ID
125763917
Publisher
MIT Press
Year
1983
Tongue
English
Weight
245 KB
Volume
65
Category
Article
ISSN
0034-6535

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A re-examination of the rational expecta
✍ Elias Tzavalis; Michael Wickens πŸ“‚ Article πŸ“… 1998 πŸ› John Wiley and Sons 🌐 English βš– 183 KB πŸ‘ 3 views

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