1 Abstract -- 2 Introduction -- 3 Chapter I: Literature on the subject of excess volatility -- 4 Chapter II: Excess … volatility beyond discount rates -- 5 Chapter III: Evidence of excess volatility in the Eurozone market -- 6 Conclusions. …The phenomenon of excess volatility in the context of share prices and of the term structure of interest rates has been …

illustrate the implications of asymmetry for the sensitivity of long rates and volatility of bond returns. When the central bank …. Time variation in the infation target is the main source of volatility, but learning adds to the ability of the model to … explain the observed volatility of returns along the yield curve. …