Ingersoll, and S. Ross, 1985, A theory of the term structure of interest rates. Econometrica 53, 385-407.Cox, J., Ingersoll, J. and Ross, S. (1985). A theory of the term structure of interest rates. Econometrica, 53, 385-407....
accounting for the risk of buying a long-term bond and its potential price changes. Market segmentation theory suggests that there is little substitutability between different maturities, with prices determined by supply and demand in separate markets. The Preferred Habitat Theory is a weak...
This premium reflects the risk of buying a long term bond. This is the risk relating to future interest rate changes, and therefore price changes in the bond. There is seen therefore to be a risk-return trade-off. This theory is used to explain the ‘normal’ shape of the yield curve....
10、An analyst does research about theories of the term structure of interest rate.Which of the following theories of the term structure of interest rate best describeswithin the different maturity sectors of the yield curve that the supplyand demand for funds determine the interest rate for that...
Chapter 18: Monetary Theory II: The IS–MP Model Issue: By December 2008, the Federal Reserve had driven the target for the federal funds rate to near zero. Question: In what circumstances is lowering the target for the federal funds rate unlikely to be effective in fighting a recession?
A Theory of the Term Structure of Interest Rates Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.A THEORY OF THE TERM STRUCTURE OF INTEREST RATES Cox, John C;Ingersoll, Jonathan E, Jr;Ross, Stephen A Econometrica (pre-1986); Mar 1985; 53,...
A Theory of the Term Structure of Interest Rates电子书.pdf,A Theory of the Term Structure of Interest Rates Author(s): John C. Cox, Jonathan E. Ingersoll, Jr. and Stephen A. Ross Source: Econometrica, Vol. 53, No. 2 (Mar., 1985), pp. 385-407 Published by
This work provides an integration of the financial and economic aspects of the interest rate. It depicts how the interest rate operates in the macro-economy to set the supply and the allocation of capital and how it functions on the micro-economic level to optimize capital decision-making. It...
aIn the term structure of interest rates and macroeconomic theory, theory, this article details the Phillips curve IS-LM curve theory, theory of the Taylor rule, Fisher\'s theory of equations, expected model. 在利率的期限构成和宏观经济学理论,理论,这篇文章详述菲利普曲线IS-LM曲线理论,泰勒规则的...
ATheoryoftheTermStructureofInterestRatesAuthor(s):JohnC.Cox,JonathanE.Ingersoll,Jr.,StephenA.RossSource:Econometrica,Vol.53,No.2(Mar.,1985),pp...