Reverse Engineering the Yield Curve
收藏NBER1994-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4676
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资源简介：
Prices of riskfree bonds in any arbitrage-free environment are governed by a pricing kernel: given a kernel, we can compute prices of bonds of any maturity we like. We use observed prices of multi-period bonds to estimate, in a log-linear theoretical setting, the pricing kernel that gave rise to
提供机构：
美国国家经济研究局
创建时间：
1994-03-01
