| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0133 |
| 来源ID | Technical Working Paper 0133 |
| Long-memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates | |
| David K. Backus; Stanley E. Zin | |
| 发表日期 | 1993-03-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | We use a fractional difference model to reconcile two features of yields on US government bonds with modem asset pricing theory: the persistence of the short rate and variability of the long end of the yield curve. We suggest that this process might arise from the response of the heterogeneous agents to the changes in monetary policy. |
| URL | https://www.nber.org/papers/t0133 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561645 |
| 推荐引用方式 GB/T 7714 | David K. Backus,Stanley E. Zin. Long-memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates. 1993. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0133.pdf（911KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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