Published March 1971
| public
Journal Article
Investment Diversification and Bond Maturity
- Creators
- Roll, Richard
Abstract
What determines the shape of the term structure of interest rates? What causes its shape to change over time? Answers to these questions are needed by monetary policy makers, by corporate treasurers, by speculators, and by economists studying multi-period consumption-investment choices.
Additional Information
© 1971 the American Finance Association. Alan Meltzer and Norman C. Miller provided many useful comments and suggestions. I also benefited from discussions with Marshall Blume, Paul Cootner, Merton Miller, Franco Modigliani, Thomas J. Sargent, Myron Scholes, and John Wood. None of these individuals would agree to share responsibility for the remaining errors.Additional details
- Eprint ID
- 95147
- Resolver ID
- CaltechAUTHORS:20190501-152328265
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2019-05-01Created from EPrint's datestamp field
- Updated
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2021-11-16Created from EPrint's last_modified field