Berardi, Andrea; Esposito, Marcello - In: Economic Notes 28 (1999) 2, pp. 145-170
type="main" xml:lang="en" <p>In this article, we aim to show that most of the recent multifactor specifications of the term structure can be traced back to a common general equilibrium model, based on an economy of the Cox, Ingersoll and Ross type. This base model of the term structure has a very...</p>