1 option
Estimating and interpreting forward interest rates : Sweden, 1992-1994 / Lars E.O. Svensson.
- Format:
- Book
- Author/Creator:
- Svensson, Lars E. O., author.
- Series:
- Working Paper Series (National Bureau of Economic Research) ; Number w4871.
- Working Paper Series (National Bureau of Economic Research) ; Number w4871
- Language:
- English
- Subjects (All):
- Monetary policy--Sweden.
- Monetary policy.
- Emigration and immigration--Economic aspects.
- Emigration and immigration.
- Physical Description:
- 1 online resource (34 pages) : illustrations.
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 1994.
- Summary:
- The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time- path of future interest rates, future inflation rates, and future currency depreciation rates. They separate market expectations for the short, medium and long term more easily than the standard yield curve. Forward rates are estimated with an extended and more flexible version of Nelson and Siegel's functional form.
- Notes:
- Description based on publisher supplied metadata and other sources.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.