Bond Risk Premia in Consumption-based Models
收藏NBER2016-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22183
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资源简介：
Workhorse Gaussian affine term structure models (ATSMs) attribute time-varying bond risk premia entirely to changing prices of risk, while structural models with recursive preferences credit it completely to stochastic volatility. We reconcile these competing channels by introducing a novel form of
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
