Do stationary risk premia explain it all?: Evidence from the term structure

Predictable variations in excess returns have often been attributed to the presence of time-varying risk premia. In this paper, we use an insight based upon new techniques from time series analysis to test whether stationary risk premia can alone explain the behavior of excess returns to long bonds...

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Veröffentlicht in:	Journal of monetary economics 1994-04, Vol.33 (2), p.285-318
Hauptverfasser:	Evans, Martin D.D, Lewis, Karen K
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital market Financial markets Interest rates Monetary economics Risk
Online-Zugang:	Volltext
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