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The term structure of interest rates is an instrument that gives us the necessary information for valuing deterministic financial cash flows, measuring the economic market expectations and testing the effectiveness of monetary policy decisions. However, it is not directly observable and needs to be measured by smoothing data obtained from asset prices through statistical techniques. Adjusting parsimonious functional forms -as proposed by Nelson and Siegel (1987) and Svensson (1994) -is the mostdoi:10.2139/ssrn.950982 fatcat:wu5s3paqorhjzomazzwuspxneq