Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45439
Authors: 
Demiralp, Selva
Year of Publication: 
2008
Series/Report no.: 
TÜSİAD-Koç University Economic Research Forum working paper series 0802
Abstract: 
We test the expectations hypothesis by analyzing changes in three month T-Bill rates (TB3) after FOMC meetings. By estimating the revisions in expectations of future overnight rates, we find a one-to-one relationship between changes in TB3 and path revisions.
Subjects: 
Expectations Hypothesis
Policy Path Revisions
JEL: 
E43
Document Type: 
Working Paper

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