Estimating and Interpreting Forward Interest Rates : Sweden 1992-1994

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.
Publication date: September 1994
ISBN: 9781451853759
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , International - Economics , inflation , bond , bonds , monetary policy , coupon bonds , real rates , inflation rate , coupon bond , zero-coupon bonds , bond prices , inflation rates , real interest rates , foreign exchange , bond rates , forward contract , present value , indexed bonds , financial instruments , real i

Summary