New Working Paper: The Monetary Policy Decision-Making Process and the Term Structure of Interest Rates by Hans Dillén
Date
05/05/2008
This study presents a theoretical model for spot and forward rates, which gives substantial consideration to the monetary policy process. The number of monetary policy meetings during the time to maturity and the time until the next monetary policy meeting prove to have significant implications for the interest rates.
Working Paper Series
The Working Paper Series presents research reports on matters in the sphere of activities of the Riksbank that are considered to be of interest to a wider public. The papers are to be regarded as reports on ongoing studies and the authors will be pleased to receive comments.
