relationship. First, results indicate that five of the six major categories of investors in the U.S. long-term bond market reduce …-equilibrium experiments indicate that ,with all other things unchanged, this response by investors will raise the equilibrium nominal bond …

hypotheses about investors' expectations of future bond prices (yields). The results, based on U.S. 'data for six major … categories of bond market investors, consistently support an autoregressive expectations model. The results also have …

the truism that any factor affecting long-term bond yields does so by (and only by) influencing some borrower's supply of … bonds and/or some lender's demand for bonds. Rather than model the bond yield directly, as in the single-equation term …-structure approach, this work instead models the supply of and the demand for bonds ,and determines the bond yield at the level necessary …

disaggregated model of the determination of bond yields developed in Friedman (1977; 1979). Instead of six bond demand and two bond …

hypotheses about investors' expectations of future bond prices (yields). The results, based on U.S. 'data for six major … categories of bond market investors, consistently support an autoregressive expectations model. The results also have …

the truism that any factor affecting long-term bond yields does so by (and only by) influencing some borrower's supply of … bonds and/or some lender's demand for bonds. Rather than model the bond yield directly, as in the single-equation term …-structure approach, this work instead models the supply of and the demand for bonds ,and determines the bond yield at the level necessary …