Abstract
Evidence is presented on how the response of forward interest rates to money supply and monetary base announcements is decomposed into movements in term premia and expected future interest rates. A significant movement of each component is found for at least one sample period.
| Original language | English |
|---|---|
| Pages (from-to) | 55-62 |
| Number of pages | 8 |
| Journal | Economics Letters |
| Volume | 25 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1987 |