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The Expectations Hypothesis of the Term Structure: Some Empirical Evidence for Portugal

Silva Lopes, Artur C.; Monteiro, Olga Susana - Volkswirtschaftliche Fakultät, … - 2007

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...

Persistent link: https://www.econbiz.de/10005837523

Measuring the Persistence on Consumption in Portugal

Belbute, José; Caleiro, António - Volkswirtschaftliche Fakultät, … - 2009

Portugal, USA, European Union and EuroZone as well as on some categories of aggregate consumption in Portugal. By the use of a … European Union and Euro Zone) is more persistent than in the USA and in Portugal. In particular, the relatively lower degree of … persistence shown by the consumption in Portugal can be beneficial for the effectiveness of the countercyclical fiscal and …

Persistent link: https://www.econbiz.de/10005052165

Short and long run tests of the expectations hypothesis: the Portuguese case

Lopes, Silva; da, Artur C. B.; Monteiro, Olga Susana - Volkswirtschaftliche Fakultät, … - 2008

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

Persistent link: https://www.econbiz.de/10005621801

Does final demand for energy in Portugal exhibit long memory?

Belbute, José - Volkswirtschaftliche Fakultät, … - 2013

The goal of this paper is to test for the presence of long memory in final energy demand in Portugal. Our findings … suggest the presence of long memory in aggregate and disaggregate energy demand in Portugal. All fractional …

Persistent link: https://www.econbiz.de/10011113339