How much do term premiums matter for explaining the dynamics of the term structure of
interest rates? A lot. We characterize the expected path of nominal and real short-rates as …

Bond yields can be decomposed into expected short rates and term premiums. We directly
measure the former using all available US professional forecasts and obtain the latter as the …

The Term Structure of Expectations and Bond Yields Page 1 The Term Structure of Expectations
and Bond Yields Richard Crump Stefano Eusepi Emanuel Moench (New York Fed) (New York …

Bond yields can be decomposed into expected short rates and term premiums. We directly
measure the former using all available US professional forecasts and obtain the latter as the …

Bond yields can be decomposed into expected short rates and term premiums. We directly
measure the former using all available US professional forecasts and obtain the latter as the …

Bond yields can be decomposed into expected short rates and term premiums. We directly
measure the former using all available US professional forecasts and obtain the latter as the …

Bond yields can be decomposed into expected short rates and term premiums. We directly
measure the former using all available US professional forecasts and obtain the latter as the …

The Term Structure of Expectations and Bond Yields Page 1 The Term Structure of Expectations
and Bond Yields Richard Crump Stefano Eusepi Emanuel Moench (New York Fed) (New York …