Do Stationary Risk Premia Explain It All? Evidence from the Term Struct
收藏NBER1990-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3451
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资源简介：
Most studies of the expectations theory of the term structure reject the model. However, the significance of the rejections depend strongly upon the form of the test. In this paper, we use the pattern of rejection across maturities to back out the implied behavior of time-varying risk premia and/or
提供机构：
美国国家经济研究局
创建时间：
1990-09-01
