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| Format: | Artículo científico |
| Language: | en |
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Vilniaus Universitetas
2010
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| Online Access: | https://www.redalyc.org/articulo.oa?id=692273741003 |
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Table of Contents:
- Testing the homogeneous interest rates assumption by principal component analysis: the euro area case Jerzy Stelmach Economía y Finanzas bond yield curve interest rates macroeconomics Principal component Although there are many different interest rates in the economy, in theoretical and applied model building these distinctions are usually ignored by assuming that there is only one, “true” interest rate. Hence, the aim of this article is twofold. First, we empirically examine whether such assumption is plausible for the Euro area yield curve data. Second, using different time spans we try to assess the impact of the financial crisis on the validity of this assumption. For both purposes, the principal component analysis technique will be employed. 2010 artículo científico 2424-6166 https://www.redalyc.org/articulo.oa?id=692273741003 en http://www.redalyc.org/revista.oa?id=6922 Ekonomika application/pdf Vilniaus Universitetas Ekonomika (Lituania) Num.3 Vol.89