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SOME EVIDENCE ON THE TERM STRUCTURE OF INTEREST RATES: HOW TO FIND A BLACK CAT WHEN IT'S NOT THERE
Author(s) -
Young Ian,
Fowler David
Publication year - 1990
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1990.tb00109.x
Subject(s) - term (time) , yield curve , interest rate , economics , econometrics , monetary economics , physics , quantum mechanics
This paper is a critique of a recent Australian study of the term structure of interest rates. It argues that the tests used are likely to be biased and provides some evidence of this effect.