Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45439 
Authors: 
Year of Publication: 
2008
Series/Report no.: 
Working Paper No. 0802
Publisher: 
TÜSİAD-Koç University Economic Research Forum, Istanbul
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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