Do US consumer survey data help beat the random walk in forecasting mortgage rates?

Do US consumer survey data help beat the random walk in forecasting mortgage rates?

In line with term structure theory, empirical studies suggest that it is difficult to beat the random walk in forecasting long-term interest rates. We ask whether consumer survey data on both mortgage interest rates and expected inflation help beat the random walk in forecasting the 30-year fixed ra...

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Bibliographic Details
Main Author: Hamid Baghestani
Format: Article
Language:English
Published: Taylor & Francis Group 2017-01-01
Series:Cogent Economics & Finance
Subjects:
term structure
predictive information content
directional forecasting
“economically” rational
michigan surveys of consumers
Online Access:http://dx.doi.org/10.1080/23322039.2017.1343017

Internet

http://dx.doi.org/10.1080/23322039.2017.1343017

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