TY  - JOUR
AU  - Melino,Angelo
TI  - The Term Structure of Interest Rates:  Evidence and Theory
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1828
PY  - 1986
Y2  - February 1986
UR  - http://www.nber.org/papers/w1828
L1  - http://www.nber.org/papers/w1828.pdf
N1  - Author contact info:
Angelo Melino
E-Mail: angelo.melino@utoronto.ca
AB  - The term structure of interest rates is an old topic. Over the years, both the hypotheses debated and the research techniques used have changed considerably. Two fairly recent developments which distinguish current research are the widespread adoption of rational expectations and the integration of the term structure with the general theory of asset pricing. This survey reviews previous work from this perspective. The main objective is to catalog available evidence about term premia and to interpret this evidence in light of alternative models of term premia determination.
ER  -