The Expectations Hypothesis of the Term Structure - The Case of Ireland

Using a number of short-term maturities and monthly data, 1984-1997, we provide a number of tests of the expectations hypothesis (EH) of the term structure. The paper draws on cointegration techniques and the methodological approach of Campbell and Shiller (1987,1991). On balance our results lend support to the EH and are broadly consistent with recent findings for the UK, but are in sharp contrast to those for the US.

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Year of publication:	2000
Authors:	Cuthbertson, Keith ; Bredin, Don
Published in:	The Economic and Social Review. - Economic and Social Studies. - Vol. 31.2000, p. 267-281
Publisher:	Economic and Social Studies

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005345760