This paper applies the monetary policy reaction model developed by McCallum to the term structure of interest rates. First, it contains the solution of a rational expectations model of the central bank policy reaction, with respect to the current long short-spread for the N period long rate case. Se
Structural breaks and the expectations hypothesis of the term structure: evidence from Central European countries
β Scribed by Minoas Koukouritakis
- Publisher
- Springer-Verlag
- Year
- 2009
- Tongue
- English
- Weight
- 517 KB
- Volume
- 145
- Category
- Article
- ISSN
- 1610-2878
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