Monteiro, Olga Susana M.; Lopes, Artur C. B. da Silva - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 56 (2010) 3, pp. 257-280
The purpose of this paper is to test both short- and long-run implications of the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results support only a very weak, long-run or “asymptotic” version of the...