Investing may be an art, but even the greatest artists have a strong understanding of the science at the foundation of their craft. In the world of bonds, yields, and interest rates, the Unbiased ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. The rational expectations theory is a concept and ...

This review empirically analyzes the expectations hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the United States and in the United Kingdom. We strongly reject the EH in ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...

The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...

We assume investors have incorporated the new expectation that the Fed's monetary policies will be less expansionary going forward than they had previously anticipated. We don't yet know which new ...