This paper investigates the hypothesis that rational economic agents use the legislative process to forecast the future path of federal deficits and then act on that information. A tax legislation variable, included in a reduced form interest rate equation, is tested for significance. The legislative...
The use of interest rates to forecast future stock prices is ruled out by which form of market efficiency() A. weak form. B. semi-strong form. C. both A and B. 相关知识点: 试题来源: 解析 C Interest rate information is in the set of current and historical security market information...
The term structure of interest rates and inflation forecast targeting However, the effect of an increase in this parameter on the long-term nominal interest rate turns out to be ambiguous. Next, we show that both the ... E Schaling,W Verhagen,S Eiffinger - 《South African Journal of Eco...
老师,请问在得出5.23%-5.25%=0.1%的basis基差值时,5.23%是在12月1号forecast得出的3月一号的rate,所以根据不能存在套利机会原理基差的0.1%应该是从12月一号到3月一号这三个月形成的,为什么这里用了4个月呢?每分合约都是月末到期好像没什么关系吧Interest Rate Futures 2021-05-07 21:27:16 问题来源: Alrak ...
In terms of root mean squared error (RMSE) the error-correction models show modest improvement relative to the naive forecast. It is further shown that the strength of the causal relationships expressed by the error-correction equations are not constant but vary over time.doi:10.1080/...
8、If Smith’s statement on parity conditions is correct, future spot exchange rates are to be forecast by:【单选题】 A. current spot rates. B. forward exchange rates. C. inflation rate differentials. 相关知识点: 试题来源: 解析 B B is correct. By rearranging the terms of the equation ...
Interest ratesBond marketsForecasting techniquesPrior studies indicate that the predictive power of implied forward rates for future spot rates is weak over long sample periods and typically varies dramatically across different subperiods. Fama (1976, 1984) conjectures that the low forecast power is due...
Economists at Nomura just changed their forecast for the Federal Reserve's rate hike, now anticipating a 0.75 percentage point increase instead of a 0.50 percentage point one. Goldman Sachs and Bank of America have the same estimate for September. It's also what markets have currently priced in...
Similarly,Trading Economicsexpects the rate to remain unchanged this month but forecasts a possible 0.25% cut when the SARB meets in November. SA's domestic economy is forecast to "shrink by 7.3% for 2020, compared to a previous estimate of a 7% contraction to then grow ...
Information about prospective results of operations, financial position and/or changes in financial position, based on assumptions aboutfutureeconomic conditions and courses of action.future-oriented financial information is presented as either a forecast or a projection. ...