The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with...

Does School Improve Equity? ABSTRACT Most school inequality research usually emphasize the role played by pupils' family social, cultural and economic condition, their parents' educational achievement, previous own school story and gender, among other factors. Despite also considering these same...

The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with...