Gutiérrez, María-José; Vázquez, Jesús - Asociación Española de Economía y Finanzas … - 2001
Using U.S. interest rate data covering the period 1950:1-1992:7, this paper tests the rational expectations model of the term structure of interest rates. We show evidence that the rational expectations model of the term structure is supported by the data during the seventies and a period...