This paper tests the Expectations Hypothesis (EH) of the term structure of interest rates using
new data for Germany. The German term structure appears to forecast future short-term …

In this paper we examine the expectations hypothesis of the term structure (EHT) using a
newly constructed monthly database of zero coupon bond yields from the German …

This paper examines the relationship of the term structure of interest rates to monetary policy
instruments and to subsequent real activity and inflation in both Europe and the United …

The expectations theory of the term structure of interest rates (ETTS) has received a great
deal of attention for several years now. The interest undoubtedly stems in part from the fairly …

Despite its important role in monetary policy and finance, the expectations hypothesis (EH)
of the term structure of interest rates has received virtually no empirical support. The …

Although the expectations theory is the dominant model of long-term interest rate
determination, empirical studies often reject its implications. Taking the theory as a …

The term structure of interest rates is analyzed using weekly data from the Danish money
market. Using the methods from Campbell and Shiller (1991, Review of Economic Studies …

The expectations model of the term structure states that the yields to maturity of long-term
bonds are equal to the average of expected future short-term bond yields. This venerable …

This paper examines the relationship of the term structure of interest rates to monetary policy
instruments and to subsequent real activity and inflation in both Europe and the United …

Despite its important role in macroeconomics and finance, the expectations hypothesis (EH)
of the term structure of interest rates has received little empirical support. While the EH's …