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Rational expectations and the Short-Run Phillips Curve reply and further results

โœ Scribed by Kajal Lahiri


Book ID
113247097
Publisher
Elsevier Science
Year
1980
Tongue
English
Weight
234 KB
Volume
2
Category
Article
ISSN
0164-0704

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A re-examination of the rational expecta
โœ Elias Tzavalis; Michael Wickens ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 183 KB ๐Ÿ‘ 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