Brown, Roger H. (contributor); … - 2000 - [Elektronische Ressource]
Place, Re-
gents’ Park, London NW1 4SA, UK. e-mail: sschaefer@lbs.ac.uk
Abstract
The paper documents a persistent and thus … rates
to slope downwards. The persistence of this feature is demonstrated using data on US
and UK Government conventional … (nominal) bonds and UK Government index-linked
bonds. We show that the downward slope is the result of interest rate volatility …