id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjfa-33342	Bidias-Menik, Hans Patrick; Tonmo, Simplice Gaël	INTEREST RATE PREDICTABILITY IN SOME SELECTED AFRICAN COUNTRIES	2021	16	.pdf	application/pdf	15970	522	62	Indeed, in (3.6), the spread 1 𝑘𝑘 � (𝐸𝐸�𝑟𝑟���� (�) − 𝑟𝑟� (�)) ��� ��� = ∝ + 𝛽𝛽�𝑅𝑅� (�) − 𝑟𝑟� (�)� + 𝜀𝜀���, 𝑤𝑤𝑤𝑤𝑤𝑤𝑤 𝑤 𝑤 𝑤𝑤 𝑤 𝑤𝑤 (𝑤) 𝐸𝐸�𝑟𝑟��� (�) − 𝑟𝑟� (�) = 𝛼𝛼 + 𝛽𝛽�𝑓𝑓�(𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) − 𝑟𝑟� (�)� + 𝜀𝜀����� (6) 𝐸𝐸�𝑅𝑅��� (���) − 𝑅𝑅� (�) = 𝛼𝛼 + 𝛽𝛽 𝑤𝑤 𝑤𝑤 − 𝑤𝑤 �𝑅𝑅� (�) − 𝑟𝑟� (�)� + 𝜀𝜀��� (7) Where 𝐸𝐸�𝑟𝑟���� (�) , 𝐸𝐸�𝑟𝑟��� (�) and 𝐸𝐸�𝑅𝑅��� (���) are the rational expected rates, 𝑓𝑓�(𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) is the implicit forward rate in the current term structure, 𝑅𝑅� (�)and 𝑟𝑟� (�) are respectively the current long term (n period) and short term (m period) rate, with k=n/m, 𝜀𝜀 is a with noise. ��� ��� = ∝ + 𝛽𝛽�𝑅𝑅� (�) − 𝑟𝑟� (�)� + 𝜀𝜀���, 𝑤𝑤𝑤𝑤𝑤𝑤𝑤 𝑤 𝑤 𝑤𝑤 𝑤 𝑤𝑤 (𝑤) 𝐸𝐸�𝑟𝑟��� (�) − 𝑟𝑟� (�) = 𝛼𝛼 + 𝛽𝛽�𝑓𝑓�(𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) − 𝑟𝑟� (�)� + 𝜀𝜀����� (6) 𝐸𝐸�𝑅𝑅��� (���) − 𝑅𝑅� (�) = 𝛼𝛼 + 𝛽𝛽 𝑤𝑤 𝑤𝑤 − 𝑤𝑤 �𝑅𝑅� (�) − 𝑟𝑟� (�)� + 𝜀𝜀��� (7) Where 𝐸𝐸�𝑟𝑟���� (�) , 𝐸𝐸�𝑟𝑟��� (�) and 𝐸𝐸�𝑅𝑅��� (���) are the rational expected rates, 𝑓𝑓�(𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) is the implicit forward rate in the current term structure, 𝑅𝑅� (�)and 𝑟𝑟� (�) are respectively the current long term (n period) and short term (m period) rate, with k=n/m, 𝜀𝜀 is a with noise.	cache/cjfa-33342.pdf	txt/cjfa-33342.txt