On Expectations, Term Premiums and the Volatility of Long-Term Interest Rates
收藏NBER1980-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0595
下载链接
链接失效反馈官方服务：
资源简介：
The paper first identifies how large must be the range in which ex ante yields on long-relative to short-term bonds vary if term premiums -- are to account for a significant fraction of the variance of the holding- period yields on long-term bonds. This paper then extends Shiller's bound to the case
提供机构：
美国国家经济研究局
创建时间：
1980-12-01
