The expectations hypothesis and decoupling of short- and long-term US interest rates: A pairwise approach
The link between short-term policy rates and long-term rates elucidate the potential effectiveness of monetary policy. We examine the US term structure of interest rates using a pairwise econometric approach advocated by Pesaran (2007). Our empirical modelling strategy employs a probabilistic test s...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2015
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- eng
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/22662
- Acceso en línea:
- https://doi.org/10.1016/j.najef.2015.09.014
https://repository.urosario.edu.co/handle/10336/22662
- Palabra clave:
- Interest rates
Maturity
Monetary policy
Pair-wise cointegration
Speed of adjustment
Term structure
- Rights
- License
- Abierto (Texto Completo)