How Long to Read A Macroeconomic Approach to the Term Premium

How Long Does it Take to Read A Macroeconomic Approach to the Term Premium?

It takes the average reader and 22 minutes to read A Macroeconomic Approach to the Term Premium by Emanuel Kopp

Assuming a reading speed of 250 words per minute. Learn more

Description

In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise. Term premia are very sensitive to the expected future path of growth, inflation, and monetary policy, and an inflation surprise could require monetary policy to tighten faster than anticipated, inducing to a sudden decompression of term and other risk premia, thus tightening financial conditions. This paper proposes a semi-structural dynamic term structure model augmented with macroeconomic factors to include cyclical dynamics with a focus on medium- to long-run forecasts. Our results clearly show that a macroeconomic approach is warranted: While term premium estimates are in line with those from other studies, we provide (i) plausible, stable estimates of expected long-term interest rates and (ii) forecasts of short- and long-term interest rates as well as cyclical macroeconomic variables that are stunningly close to those generated from large-scale macroeconomic models.

How long is A Macroeconomic Approach to the Term Premium?

A Macroeconomic Approach to the Term Premium by Emanuel Kopp is 22 pages long, and a total of 5,544 words.

This makes it 7% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read A Macroeconomic Approach to the Term Premium Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read A Macroeconomic Approach to the Term Premium aloud.

What Reading Level is A Macroeconomic Approach to the Term Premium?

A Macroeconomic Approach to the Term Premium is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A Macroeconomic Approach to the Term Premium?

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