Dennis, Richard J. (contributor); … - 2002 - [Elektronische Ressource]
structure and affect the ten-year real Treasury bond rate,
ρ
t
. In turn ten-year bond yields influence the output gap, y
t
, and … costs and (implicit) habit
formation, the inclusion of the long-term bond rate does introduce a forward-looking
dimension … slightly from Levin et al. (1999), who
21
two-year bond) are related to the nominal return on short-term bonds, i
t
, adjusted …