Diebold, Francis X. (contributor); … - 2004 - rev
.g., interest rate forecasting or simulation, bond or option pricing, or market
surveillance). Still, an unusually large gap is … – 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 …