State Uncertainty Aversion and the Term Structure of Interest Rates

Preprint

1 January 2009

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.1106235

Abstract

Asset pricing model have a hard time matching even the sign of the premium observed in the term-structure of interest rates. This paper shows how investors' dou

Keywords

INTEREST RATES
TERM PREMIUM
UNCERTAINTY
ROBUSTNESS

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