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Ramsey rule with forward/backward utility for long-term yield curves modeling
This paper draws a parallel between the economic and financial points of view in the modeling of long-term yield curves and provides new results on asymptotic long rates. The Ramsey rule, which is the reference equation in the economic literature to compute long-term discount rates, links endogenous...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer International Publishing
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9117844/ http://dx.doi.org/10.1007/s10203-022-00370-1 |