%0 Journal Article %A Zdravka Aljinović and Branka Marasović and Blanka Škrabić %D 2009 %J International Journal of Economics and Management Engineering %B World Academy of Science, Engineering and Technology %I Open Science Index 25, 2009 %T Comparative Analysis of the Stochastic and Parsimonious Interest Rates Models on Croatian Government Market %U https://publications.waset.org/pdf/3989 %V 25 %X The paper provides a discussion of the most relevant aspects of yield curve modeling. Two classes of models are considered: stochastic and parsimonious function based, through the approaches developed by Vasicek (1977) and Nelson and Siegel (1987). Yield curve estimates for Croatia are presented and their dynamics analyzed and finally, a comparative analysis of models is conducted. %P 90 - 94