Showing 1 - 10 of 40,732
Previous macro-finance term structure models (MTSMs) imply that macroeconomic state variables are spanned by (i.e., perfectly correlated with) model-implied bond yields. However, this theoretical implication appears inconsistent with regressions showing that much macroeconomic variation is...
Persistent link: https://www.econbiz.de/10010476670
Persistent link: https://www.econbiz.de/10011729058
Persistent link: https://www.econbiz.de/10000886121
Persistent link: https://www.econbiz.de/10000891986
Persistent link: https://www.econbiz.de/10000894343
Persistent link: https://www.econbiz.de/10000868578
Persistent link: https://www.econbiz.de/10000830866
Persistent link: https://www.econbiz.de/10000799512
Persistent link: https://www.econbiz.de/10000801328
Persistent link: https://www.econbiz.de/10000806555