Diebold, Francis X. (contributor); … - 2003 - [Elektronische Ressource]
modeling demands of various researchers and their different motives for
modeling the yield curve (e.g., interest rate … – is open
to some debate. However, Rudebusch (2002) argues that it does not indicate “interest rate smoothing” or … interest rate when measured as ,
which is followed by a near-term economic boom.
20
However, during our sample, the Fed has …