This study proposes a new application of Permanent-Transitory Component Models (PTCMs) to test the Expectation Hypothesis of the Term Structure (EHTS). Unlike previous approaches, tests based on PTCMs can simultaneously detect departures from rational expectations and time varying term premia....

We propose a simple analytical expression of the direct correlation function for the square-shoulder and square-well fluids. Our approximation is based on an ansatz for the direct correlation function of a modified soft-core fluid, whose parameters are adjusted by fitting the data obtained from...