haku: @author Gischer, H. / yhteensä: 2
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| Tekijä: | Gischer, H. |
| Otsikko: | Der Erklärungsgehalt impliziter Terminzinsen |
| Lehti: | Zeitschrift für Betriebswirtschaft
1998 : VOL. 68:1, p. 71-82 |
| Asiasana: | INTEREST RATES FORWARD INTEREST RATES EMPIRICAL RESEARCH FUTURE |
| Kieli: | ger |
| Tiivistelmä: | In an article, recently published in this journal, Adam, Hering and Johannwille analysed whether foreward rates are suitable to predict future interest rate movements. The contribution in hand discusses extensions in method and contents with regard to empirical analysis. It is shown that the information content of implied forward rates can be exhausted by multiple regression models. Nonetheless, the remaining forecast errors on average prevent forward rates to be used as criteria for capital spending decisions. |
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