Why the forward rate is a biased predictor of the future spot rate if investors are riskneutral
| Authors: | Schmidt, Roland |
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| Institutions: | University of Bonn, Germany |
| Subject: | Monetary policy | Mean-variance model | Future spot rate | Inflation risk | Forward rate | Risk premium |
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| Type of publication: | Book / Working Paper |
| Notes: | The text is part of a series Sonderforschungsbereich 303 Creation-Date: 1993-01 |
| Classification: | E49 - Money and Interest Rates. Other ; E59 - Monetary Policy, Central Banking and the Supply of Money and Credit. Other |
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Persistent link: https://www.econbiz.de/10004968301