The Cyclical Behavior of the Term Structure of Interest Rates
Title | The Cyclical Behavior of the Term Structure of Interest Rates PDF eBook |
Author | Reuben A. Kessel |
Publisher | |
Pages | 113 |
Release | 1965 |
Genre | Interest |
ISBN |
The cyclical behavior of the term structure of interest rates
Title | The cyclical behavior of the term structure of interest rates PDF eBook |
Author | Kenneth Jan Singleton |
Publisher | |
Pages | 190 |
Release | 1977 |
Genre | |
ISBN |
The Cyclical Behavior of the Term Structure of Interest Rates, by Reuben A. Kessel
Title | The Cyclical Behavior of the Term Structure of Interest Rates, by Reuben A. Kessel PDF eBook |
Author | Reuben A. Kessel |
Publisher | |
Pages | 125 |
Release | |
Genre | |
ISBN | 9780598269607 |
The Cyclical Behavior of the Term Structure of Interest Rates
Title | The Cyclical Behavior of the Term Structure of Interest Rates PDF eBook |
Author | Reuben A. Kessel |
Publisher | |
Pages | 132 |
Release | 1965 |
Genre | Business & Economics |
ISBN |
The Cyclical Behavior of Interest Rates
Title | The Cyclical Behavior of Interest Rates PDF eBook |
Author | Antonio Roma |
Publisher | |
Pages | 0 |
Release | 1997 |
Genre | |
ISBN |
This paper investigates the behavior of the term structure of interest rates over the business cycle. In contrast to prior studies that measure the business cycle by the simple growth in aggregate economic activity, we consider an alternative measure: the deviation of aggregate economic activity from its potentially stochastic trend. We show that incorporating both an independent trend and cyclical component in consumption improves the efficiency in estimating consumption-based asset pricing models. We also find that the term spread is more informative about future changes in stochastically detrended real gross domestic product (GDP) than future growth rates in real GDP.
˜Theœ cyclical Behavior of the term structore of interest rates
Title | ˜Theœ cyclical Behavior of the term structore of interest rates PDF eBook |
Author | Reuben A. Kessel |
Publisher | |
Pages | 113 |
Release | 1965 |
Genre | |
ISBN |
The Cyclical Behavior of Short- and Long-term Interest Rates and Some Explanations of that Behavior
Title | The Cyclical Behavior of Short- and Long-term Interest Rates and Some Explanations of that Behavior PDF eBook |
Author | Scott Taylor Jones |
Publisher | |
Pages | 194 |
Release | 1973 |
Genre | Business cycles |
ISBN |