Arbeitspapier
Term Structure of Interest Rates. Emergence of Power Laws and Scaling Laws
The technique of Pad\'e Approximants, introduced in a previous work, is applied to extended recent data on the distribution of variations of interest rates compiled by the Federal Reserve System in the US. It is shown that new power laws and new scaling laws emerge for any maturity not only as a function of the Lag but also as a function of the average inital rate. This is especially true for the one year maturity where critical forms and critical exponents are obtained. This suggests future work in the direction of constructing a theory of variations of interest rates at a more ''microscopic'' level.
- Language
-
Englisch
- Bibliographic citation
-
Series: EERI Research Paper Series ; No. 5/2003
- Classification
-
Wirtschaft
History of Economic Thought: Quantitative and Mathematical
Model Construction and Estimation
- Subject
-
Interest rates scaling laws
- Event
-
Geistige Schöpfung
- (who)
-
Alderweireld, Thomas
Nuyts, Jean
- Event
-
Veröffentlichung
- (who)
-
Economics and Econometrics Research Institute (EERI)
- (where)
-
Brussels
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:44 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
- Alderweireld, Thomas
- Nuyts, Jean
- Economics and Econometrics Research Institute (EERI)
Time of origin
- 2003
Other Objects (12)
Scaling Laws in Thruster Physics
Scaling laws in concrete structures
Scaling laws in the rheology of colloidal dispersions
Scaling laws of nanoporous metals under uniaxial compression
Scaling laws for the FE solutions of induction machines
Scaling laws for internally heated mantle convection
Applicability of Aeroacoustic Scaling Laws of Leading Edge Serrations for Rotating Applications
Scaling laws during collapse of a homopolymer : Lattice versus off-lattice
Asymptotic scaling laws for precision of parameter estimates in dynamical systems
Scaling laws of optical fibre nonlinearity in dispersion-managed transmission systems
Laws of intercourse
Laws of form
Scaling Laws in Thruster Physics
Scaling laws in concrete structures
Scaling laws in the rheology of colloidal dispersions
Scaling laws of nanoporous metals under uniaxial compression
Scaling laws for the FE solutions of induction machines
Scaling laws for internally heated mantle convection
Applicability of Aeroacoustic Scaling Laws of Leading Edge Serrations for Rotating Applications
Scaling laws during collapse of a homopolymer : Lattice versus off-lattice
Asymptotic scaling laws for precision of parameter estimates in dynamical systems
Scaling laws of optical fibre nonlinearity in dispersion-managed transmission systems
Laws of intercourse
Laws of form
Scaling Laws in Thruster Physics
Scaling laws in concrete structures
Scaling laws in the rheology of colloidal dispersions
Scaling laws of nanoporous metals under uniaxial compression
Scaling laws for the FE solutions of induction machines
Scaling laws for internally heated mantle convection
Applicability of Aeroacoustic Scaling Laws of Leading Edge Serrations for Rotating Applications
Scaling laws during collapse of a homopolymer : Lattice versus off-lattice
Asymptotic scaling laws for precision of parameter estimates in dynamical systems
Scaling laws of optical fibre nonlinearity in dispersion-managed transmission systems
Laws of intercourse