Baghestani, Hamid - In: Cogent economics & finance 5 (2017) 1, pp. 1-11
forecasting long-term interest rates. We ask whether consumer survey data on both mortgage interest rates and expected inflation …In line with term structure theory, empirical studies suggest that it is difficult to beat the random walk in … help beat the random walk in forecasting the 30-year fixed rate mortgage. Using the vector autoregressive (VAR) modeling …
