Economics & Finance

Term Structure of Interest Rates: Expectations and Behavior Patterns

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ISBN:
Published:
Dec 8, 2015
Copyright:
1966
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Can expectations alone explain the yield differentials among bonds of different maturities? To what extend do attitudes toward risk and transactions costs influence the behavior of bond investors? Is it possible for the Federal Reserve to 鈥渢wist鈥� the interest-rate structure in accordance with its policy objectives? These are among the questions treated.

Originally published in 1966.

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