Term Structure of Interest Rates
Term Structure of Interest Rates is a book that explains the yield differentials among bonds of different maturities. Known as the subject of intense examination by economists for over fifty years, it also covers the term structure of interest rates among the yields of default-free securities that differ only with respect to their term to maturity. This book also answers the questions: To what extent do attitudes toward risk and transactions costs influence the behavior of bond investors? And Is it possible for the Federal Reserve to "twist" the interest-rate structure in accordance with its policy objectives?
TABLE OF CONTENTS
Chapter 1: The Yield Curve: Methods of Construction and Historical Patterns
Chapter 2: The Traditional Expectations Theory and Its Critics
Chapter 3: An Alternative Formulation of the Expectations Theory
Chapter 4: An Empirical Test of the Reformulated Expectations Hypothesis
Chapter 5: Transactions Costs and the Term Structure of Interest Rates
Chapter 6: Modifications for Institutional Preferences and Diverse Expectations: Some Empirical Evidence on Behavior Patterns
Chapter 7: A Synthesis of the Expectations and Institutional Theories
Chapter 8: Summary and Policy Implications