Christensen, Jens H. E. (contributor); … - 2008
2008. This version: May 27, 2008.
1 Introduction
To investigate yield-curve dynamics, researchers have produced a vast … consistency in the yields of various bonds
across different maturities—the yield curve at any point in time—and the expected path … of those
yields over time—the dynamic evolution of the yield curve. Indeed, the assumption that there
are no remaining …