A Macroeconomic Approach to the Term Premium

A Macroeconomic Approach to the Term Premium
In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise. Term premia are very sensitive to the expected future path of growth, inflation, and monetary policy, and an inflation surprise could require monetary policy to tighten... READ MORE...

Publication date: June 2018
ISBN 9781484362150
$18.00

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