全球智库信息集成服务系统(G2TT): A Modern Look At Asset Pricing and Short-Term Interest Rates

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w3245
来源ID	Working Paper 3245
	A Modern Look At Asset Pricing and Short-Term Interest Rates
	Martin D. Evans; Paul Wachtel
发表日期	1990
出版年	1990
语种	英语
摘要	This paper uses modern asset pricing theory to examine the behavior of short-term nominal interest rates over the past 25 years. The analysis investigates whether variation in the stochastic behavior of output and inflation can explain movements in the rate of interest. Our results reveal that much of the month to month movement in nominal interest rates reflects changes in the real rate and the risk premia rather than inflationary expectations.
主题	Macroeconomics
URL	https://www.nber.org/papers/w3245
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/560531
推荐引用方式 GB/T 7714	Martin D. Evans,Paul Wachtel. A Modern Look At Asset Pricing and Short-Term Interest Rates. 1990.