| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2736 |
| DP2736 The Seven Percent Solution? An International Perspective On Underwriting Spreads | |
| Alexander Ljungqvist; William J Wilhelm Jr | |
| 发表日期 | 2001-03-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | In this Paper we estimate jointly a forward-looking reaction function for the three-month rate along with a term structure relationship linking the six-month interest rates to current and expected future three-month rates. In our empirical model the response of the six-month interest rates to current and future three-month interest rates is allowed to depend on uncertainty on monetary policy. The expectation theory cannot be rejected in periods of low uncertainty on monetary policy. |
| 主题 | International Macroeconomics |
| 关键词 | Forward-looking reaction functions Term structure of interest rates Expectations model |
| URL | https://cepr.org/publications/dp2736 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531792 |
| 推荐引用方式 GB/T 7714 | Alexander Ljungqvist,William J Wilhelm Jr. DP2736 The Seven Percent Solution? An International Perspective On Underwriting Spreads. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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