Rudebusch, Glenn D. (contributor); … - 2007
these variables are indeed extremely volatile, far more so than in the data.
16 We conducted the grid search in two stages …://www.frbsf.org/publications/economics/papers/2007/wp07-25bk.pdf
The views in this paper are solely the responsibility of the authors and should not be
interpreted as … standard theoretical models to generate a su ciently large and
variable nominal bond risk premium has been termed the \bond …