01569cas a2200241 a 4500 AALejournalIMF004511 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853759 1018-5941 BD-DhAAL BD-DhAAL Svensson, Lars. Estimating and Interpreting Forward Interest Rates : Sweden 1992-1994 / Lars Svensson. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (76 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time-path of future interest rates, future inflation rates, and future currency depreciation rates. They separate market expectations for the short-, medium-, and long-term more easily than the standard yield curve. Forward rates are estimated with an extended and more flexible version of Nelson and Siegel's functional form. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/114 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/114/001.1994.issue-114-en.xml IMF e-Library