Based on an analysis of changes in the yields of German government bonds, we propose a simple model for the term … of the term structure) fits empirically well the data for a change horizon of one year or longer, especially in the low … bearing instruments and give a new interpretation for the convexity when this linear model for the term structure is used. …

long-term care insurance. We propose a novel framework that integrates observable risk factors, such as demographic (age …

This study develops a model to predict and explain short-term fluctuations in the Brazilian local currency interest … rate term structure. The model relies on the potential relationship between these movements and key macroeconomic factors …