Changes in the Relationship Between the Long-Term Interest Rate and its Determinants /
This paper assesses the relative importance of alternative explanations for the rise in long-term interest rates in the United States from October 1993 to April 1994. Standard econometric models of the term structure are shown to have a structural break in the early 1980s. An important reason for th...
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1994/124 |
| Accès en ligne: | Full text available on IMF |