Fundamental Disagreement About Monetary Policy and the Term Structure of Interest Rates
35 Pages Posted: 18 Aug 2020 Last revised: 22 Sep 2021
There are 2 versions of this paper
Fundamental Disagreement about Monetary Policy and the Term Structure of Interest Rates
FRB of New York Staff Report No. 934, Rev. August 2021
Number of pages: 33 Posted: 21 Jul 2020 Last Revised: 13 Aug 2021
Date Written: August 2020
investment performance eliminates the downward trend in the term premium.
Keywords: disagreement, heterogeneous beliefs, Noisy information, Speculation, Survey Forecasts, Term premium, yield curve
JEL Classification: D83, D84, E43, G10, G12
Suggested Citation: Suggested Citation
Cao, Shuo and Crump, Richard K. and Moench, Emanuel and Eusepi, Stefano, Fundamental Disagreement About Monetary Policy and the Term Structure of Interest Rates (August 2020). CEPR Discussion Paper No. DP15122, Available at SSRN: https://ssrn.com/abstract=3674898
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