Macro Factors in Bond Risk Premia
收藏NBER2005-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11703
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Empirical evidence suggests that excess bond returns are forecastable by financial indicators such as forward spreads and yield spreads, a violation of the expectations hypothesis based on constant risk premia. But existing evidence does not tie the forecastable variation in excess bond returns to
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美国国家经济研究局创建时间：
2005-10-01
