Levin, Eric J.; Wright, Robert E. - In: Journal of Business Finance & Accounting 28 (2001-04) 3-4, pp. 303-325
This paper tests for tax clientele effects in the term structure of UK interest rates. Five empirical models of the term structure of interest rates, incorporating tax effects, are estimated with daily data covering the period 31 March, 1995 to 3 August, 1995. In May 1995, the British government...