An Assessment of Estimates of Term Structure Models for the United States /

The paper assesses estimates of term structure models for the United States. To this end, this paper first describes the mathematics underlying two types of term structure models, namely the Nelson-Siegel and Cox, Ingersoll and Ross family of models, and the estimation techniques. It then presents e...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Medeiros, Carlos
Drugi avtorji: He, Ying
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2011.
Serija:IMF Working Papers; Working Paper ; No. 2011/247
Online dostop:Full text available on IMF
LEADER 01829cas a2200253 a 4500
001 AALejournalIMF011353
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781463923266 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Medeiros, Carlos. 
245 1 3 |a An Assessment of Estimates of Term Structure Models for the United States /  |c Carlos Medeiros, Ying He. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper assesses estimates of term structure models for the United States. To this end, this paper first describes the mathematics underlying two types of term structure models, namely the Nelson-Siegel and Cox, Ingersoll and Ross family of models, and the estimation techniques. It then presents estimations of some of specific models within these families of models?three-factor Nelson-Siegel Model, four-factor Svensson model, and preference-free, two-factor Cox, Ingersoll and Roll model?for the United States from 1972 to mid 2011. It subsequently provides an assessment of the estimations. It concludes that these estimations of the term structure models successfully capture the dynamics of the term structure in the United States. 
538 |a Mode of access: Internet 
700 1 |a He, Ying. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/247 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/247/001.2011.issue-247-en.xml  |z IMF e-Library