Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

The concavity of the yield curve---the level of intermediate-term bond yields, relative to the average of short- and long-term bond yields---is a good proxy for the level of term premia.

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Year of publication:	2008
Authors:	Viceira, Luis M. ; Sunderam, Adi ; Campbell, John Y.
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2008 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 SED Meeting Papers Number 355
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080923