Macro Risks and the Term Structure of Interest Rates
---- Acknowledgments ----
Authors thank seminar participants at Baruch College, Bilkent University, University of British Columbia, Bundesbank, City University of London, Duke, Fordham, University of Illinois at Urbana-Champaign, Imperial College, Oxford, Riksbank, Sabanci Business School, Tulane, and University of North Carolina at Chapel-Hill and conference participants at 2015 Federal Reserve Bank of San Francisco and Bank of Canada Conference on Fixed Income Markets, 2016 NBER Summer Institute, and 2016 Society of Financial Econometrics Meeting for useful comments. All errors are the sole responsibility of the authors. The views expressed herein are those of the authors and do not necessarily reflect the views of the Federal Reserve System, its Board of Governors, or staff, nor those of the National Bureau of Economic Research.