Novales, Alfonso; Domínguez, Emilio - Facultad de Ciencias Económicas y Empresariales, … - 2002
forecasting connotation of the unbiasedness property of forward rates, actual evaluation of their forecasting performance has …, comparing forecasts obtained from forward rates to those obtained from univariate autoregressions. By themselves, forward rates … longer maturities, although forward rates still produce better once-and-for all predictions of 3- and 6-month interest rates …