Jardet, Caroline; Monfort, Alain; Pegoraro, Fulvio - In: Journal of Banking & Finance 37 (2013) 2, pp. 389-402
The recent macro-finance literature does not agree either about the empirical properties of the expectation part and of the term premium on long-term bonds or about the importance or even the direction of the relationship between the term premium and future economic activity. This paper proposes...