Juttner, D Johannes; Tuckwell, Roger H; Luedecke, Bernd P - In: Australian Economic Papers 24 (1985) 45, pp. 356-69
The paper investigates whether expectations of short-term interest rates, as measured by either the futures rate for bank bills or the implied forward rate in the spot market for such bills, are formed rationally in the Muthian sense. A feature of the approach is the explicit integration of...