European Parliament Library

Estimating and Interpreting Forward Interest Rates :, Sweden 1992-1994, Lars Svensson

Abstract
The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time-path of future interest rates, future inflation rates, and future currency depreciation rates. They separate market expectations for the short-, medium-, and long-term more easily than the standard yield curve. Forward rates are estimated with an extended and more flexible version of Nelson and Siegel’s functional form
Language
eng
Literary Form
non fiction
Note
September 1994
Physical Description
1 online resource:, illustrations (black and white);
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613802446

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