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- W2043116725 abstract "In this paper we examine whether the rational expectations/constant liquidity premium-theory can explain the Danish term structure of interest rates during the 1980s. Three types of tests will be conducted: a single-equation regression test, a volatility-test, and tests based on a cointegrated VAR-model. All these tests remain valid even if interest rates individually follow non-stationary stochastic processes. In contrast to most other empirical studies of the term structure, the evidence generally supports the rational expectations/constant liquidity premium-theory." @default.
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- W2043116725 date "1993-01-01" @default.
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- W2043116725 title "THE TERM STRUCTURE OF INTEREST RATES IN DENMARK 1982?89: TESTING THE RATIONAL EXPECTATIONS/CONSTANT LIQUIDITY PREMIUM THEORY" @default.
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- W2043116725 doi "https://doi.org/10.1111/j.1467-8586.1993.tb00553.x" @default.
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