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No-Arbitrage Taylor Rules PDF

56 Pages·2005·1.25 MB·English
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by Unknow| 2005| 56 pages| 1.25| English

About No-Arbitrage Taylor Rules

Taylor rules estimated with no-arbitrage restrictions differ substantially the EH by explicitly incorporating time-varying risk premia (see, for example, Fisher, 1998; . In Section 4, we lay out the empirical .. Once our model is estimated, we can easily back out the implied extended Taylor rule (

Detailed Information

Author:Unknown
Publication Year:2005
Pages:56
Language:English
File Size:1.25
Format:PDF
Price:FREE
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