DEPARTMENT OF MANAGEMENT
AFDELING FOR VIRKSOMHEDSLEDELSE
Working Paper 2001 - 19
Optimal Inference in Diffusion Models of
the Short Rate of Interest
Bent Jesper Christensen, Rolf Poulsen and
Michael Sørensen
UNIVERSITY OF AARHUS C DENMARK
ISSN 1398-6228
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3 mth. US T-bill yields (%)
4
4
6
8
6
10
8
12
14
10
16
1 mth. US T-bill yields (%)
1965
1970
1975
1980
1985
1990
year
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,
1984
³ 0} V'
1986
1988
1990
1992
1994
year
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