Browsing Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373 by Subject "Incomplete Information"

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1997-09-23Buch

The Term Structure of Interest Rates when the Growth Rate is Unobservable

Riedel, Frank

The effect of incomplete information on the term structure of interest rates is examined in the framework of a pure exchange economy under uncertainty. When the growth rate of the aggregate endowment is known, the term ...