ESTIMATION AND USES OF THE TERM STRUCTURE OF INTEREST RATES

Abstract

The Journal of FinanceVolume 31, Issue 4 p. 1067-1083 Original Article ESTIMATION AND USES OF THE TERM STRUCTURE OF INTEREST RATES Willard T. Carleton, Willard T. Carleton Both, University of North Carolina, Chapel Hill. Earlier versions of this paper have been given at a number of university seminars and professional meetings, including one entitled “Direct Estimation of the Term Structure of Interest Rates” by the senior author and William R. Bryan at a joint session of the Econometric Society and American Finance Association, Toronto, December 1972. As a consequence, the number of helpful persons who have provided helpful suggestions is too long to enumerate. We would like to thank especially, however, Ed Kane for a couple of important suggestions, and Michael Caulfield and Bryan Stanhouse for assistance in data collection and programming activities. The Tuck School Associates Program and Institute for Quantitative Research in Finance have also provided financial support in generous measure, for which we are grateful.Search for more papers by this authorIan A. Cooper, Ian A. Cooper Both, University of North Carolina, Chapel Hill. Earlier versions of this paper have been given at a number of university seminars and professional meetings, including one entitled “Direct Estimation of the Term Structure of Interest Rates” by the senior author and William R. Bryan at a joint session of the Econometric Society and American Finance Association, Toronto, December 1972. As a consequence, the number of helpful persons who have provided helpful suggestions is too long to enumerate. We would like to thank especially, however, Ed Kane for a couple of important suggestions, and Michael Caulfield and Bryan Stanhouse for assistance in data collection and programming activities. The Tuck School Associates Program and Institute for Quantitative Research in Finance have also provided financial support in generous measure, for which we are grateful.Search for more papers by this author Willard T. Carleton, Willard T. Carleton Both, University of North Carolina, Chapel Hill. Earlier versions of this paper have been given at a number of university seminars and professional meetings, including one entitled “Direct Estimation of the Term Structure of Interest Rates” by the senior author and William R. Bryan at a joint session of the Econometric Society and American Finance Association, Toronto, December 1972. As a consequence, the number of helpful persons who have provided helpful suggestions is too long to enumerate. We would like to thank especially, however, Ed Kane for a couple of important suggestions, and Michael Caulfield and Bryan Stanhouse for assistance in data collection and programming activities. The Tuck School Associates Program and Institute for Quantitative Research in Finance have also provided financial support in generous measure, for which we are grateful.Search for more papers by this authorIan A. Cooper, Ian A. Cooper Both, University of North Carolina, Chapel Hill. Earlier versions of this paper have been given at a number of university seminars and professional meetings, including one entitled “Direct Estimation of the Term Structure of Interest Rates” by the senior author and William R. Bryan at a joint session of the Econometric Society and American Finance Association, Toronto, December 1972. As a consequence, the number of helpful persons who have provided helpful suggestions is too long to enumerate. We would like to thank especially, however, Ed Kane for a couple of important suggestions, and Michael Caulfield and Bryan Stanhouse for assistance in data collection and programming activities. The Tuck School Associates Program and Institute for Quantitative Research in Finance have also provided financial support in generous measure, for which we are grateful.Search for more papers by this author First published: September 1976 https://doi.org/10.1111/j.1540-6261.1976.tb01960.xCitations: 45 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume31, Issue4September 1976Pages 1067-1083 RelatedInformation