Author : Lars E. O. Svensson
Release : 1994
Genre : Interest rates
Kind : eBook
Book Rating : 504/5 ( reviews)
Book Synopsis Estimating and Interpreting Forward Interest Rates: Sweden 1992-1994 by : Lars E. O. Svensson
Download or read book Estimating and Interpreting Forward Interest Rates: Sweden 1992-1994 written by Lars E. O. Svensson. This book was released on 1994. Available in PDF, EPUB and Kindle. Book excerpt: Annotation 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 Siegels functional form.
