Arbeitspapier
Monetary policy surprises and the expectations hyothesis at the short of the yield curve
We test the expectations hypothesis by analyzing changes in three month T-Bill rates (TB3) after FOMC meetings. By estimating the revisions in expectations of future overnight rates, we find a one-to-one relationship between changes in TB3 and path revisions.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 0802
- Classification
-
Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
- Subject
-
Expectations Hypothesis
Policy Path Revisions
Geldpolitik
Erwartungstheorie
Zinsstrukturtheorie
Schatzpapier
Schätzung
Theorie
USA
- Event
-
Geistige Schöpfung
- (who)
-
Demiralp, Selva
- Event
-
Veröffentlichung
- (who)
-
TÜSİAD-Koç University Economic Research Forum
- (where)
-
Istanbul
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Demiralp, Selva
- TÜSİAD-Koç University Economic Research Forum
Time of origin
- 2008
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