The structure of austrian interest rates: a box-jenkins and spectral analysis approach

New statistical methods gave rise to consider the structure of interest rates in europe again (compare porsius (1977)). this paper intends to apply some of these methods to austrian monetary time series. particularly, we compared differentmethods for the analysis of interest rates: regression analysis, spectral analysis, and the box-jenkins approach. four interest rates, rates on new bonds, rates on bonds in circulation, the call money rate and the euro-dollar rate, and the shares index of austria were analysed in the frequency and the time domain. their dynamic properties together with the seasonal structure are compared. in difference to the first draft of the paper, we splitted up the time period in two halfs and included spectral analysis.;