The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time-path of future interest rates, future inflation rates, and future currency depreciation rates. They separate market expectations for the short, medium and long term more easily than the standard yield curve. Forward rates are estimated with an extended and more flexible version of Nelson and Siegel's functional form
Money market premiums show the difference between unsecured money market rates and expected key rate...
In 2012, the Czech koruna celebrated twenty years since its inception. During this time it went thr...
The forward premium anomaly is one of the most robust puzzles in financial economics. We recast the ...
In the enw situation with flexible exchange rates, monetary policy in Europe will have to rely more ...
Forward interest rates are an important indicator for monetary policy. They are commonly used, both ...
In this paper we empirically study the relationship between implicit forward rates and corresponding...
In this paper, we use survey forecasts to investigate the impact of forward guidance on the predicta...
Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward g...
This paper evaluates the extent to which the explanatory power detected in the term structure in dif...
This paper reviews the main instruments and associated yield curves that can be used to measure fina...
The paper reviews the theoretical foundations of the use of forward interest rates to infer expected...
Financial market participants ’ expectations regarding future interest rates are important indicator...
Forward interest rates have become popular indicators of inflation expectations. Theusefulness of th...
Expectations about future interest rates and inflation influence economic developments. For example,...
This paper examines the ability of the forward premium to provide an unbiased estimate of the future...
Money market premiums show the difference between unsecured money market rates and expected key rate...
In 2012, the Czech koruna celebrated twenty years since its inception. During this time it went thr...
The forward premium anomaly is one of the most robust puzzles in financial economics. We recast the ...
In the enw situation with flexible exchange rates, monetary policy in Europe will have to rely more ...
Forward interest rates are an important indicator for monetary policy. They are commonly used, both ...
In this paper we empirically study the relationship between implicit forward rates and corresponding...
In this paper, we use survey forecasts to investigate the impact of forward guidance on the predicta...
Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward g...
This paper evaluates the extent to which the explanatory power detected in the term structure in dif...
This paper reviews the main instruments and associated yield curves that can be used to measure fina...
The paper reviews the theoretical foundations of the use of forward interest rates to infer expected...
Financial market participants ’ expectations regarding future interest rates are important indicator...
Forward interest rates have become popular indicators of inflation expectations. Theusefulness of th...
Expectations about future interest rates and inflation influence economic developments. For example,...
This paper examines the ability of the forward premium to provide an unbiased estimate of the future...
Money market premiums show the difference between unsecured money market rates and expected key rate...
In 2012, the Czech koruna celebrated twenty years since its inception. During this time it went thr...
The forward premium anomaly is one of the most robust puzzles in financial economics. We recast the ...
