A Hicksian link between inflation and the term structure

Patrick Honohan

No 198751, Working Papers from School of Economics, University College Dublin

Abstract: Hicks suggested that a "constitutional weakness" at the long end of the bond market causes long yields to exceed short yields on average. This note argues that such a weakness would be accentuated by inflation and provides supportive empirical evidence.

Keywords: Inflation; (Finance)--Econometric; models (search for similar items in EconPapers)
Date: 1987-09
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10197/1438 First version, 1987 (application/pdf)

Related works:
Journal Article: A hicksian link between inflation and the term structure (1987)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:198751

Access Statistics for this paper

More papers in Working Papers from School of Economics, University College Dublin Contact information at EDIRC.
Bibliographic data for series maintained by Nicolas Clifton ().