MARKET EXPECTATIONS AND THE TERM STRUCTURE OF INTEREST RATES

David A. Lins and Robert Aukes

No 284177, 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Direct and indirect measures of interest rate expectations are used to measure the term structure of agriculturally related interest rates. Indirect measures of expectations support the expectations hypothesis of the term structure relationship while direct measures (interest rate futures markets) do not. Reasons for this discrepancy are explored.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1978-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea78:284177

DOI: 10.22004/ag.econ.284177

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