Examining the Nelson-Siegel class of term structure models

MD Pooter - 2007 - econstor.eu
In this paper I examine various extensions of the Nelson and Siegel (1987) model with the
purpose of fitting and forecasting the term structure of interest rates. As expected, I find that …

Examining the Nelson-Siegel class of term structure models: In-sample fit versus out-of-sample forecasting performance

M De Pooter - Available at SSRN 992748, 2007 - papers.ssrn.com
In this paper I examine various extensions of the Nelson and Siegel (1987) model with the
purpose of fitting and forecasting the term structure of interest rates. As expected, I find that …

Term structure forecasting using macro factors and forecast combination

M De Pooter, F Ravazzolo… - FRB International Finance …, 2010 - papers.ssrn.com
We examine the importance of incorporating macroeconomic information and, in particular,
accounting for model uncertainty when forecasting the term structure of US interest rates. We …

On the estimation of term structure models and an application to the United States

JG Gasha, Y He, CI Medeiros, M Rodriguez Waldo… - 2010 - papers.ssrn.com
This paper discusses the estimation of models of the term structure of interest rates. After
reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term …

Term structure forecasting of government bond yields with latent and macroeconomic factors: do macroeconomic factors imply better out‐of‐sample forecasts?

W Ullah, Y Tsukuda, Y Matsuda - Journal of Forecasting, 2013 - Wiley Online Library
This study empirically examines the role of macroeconomic and stock market variables in
the dynamic Nelson–Siegel framework with the purpose of fitting and forecasting the term …

[PDF][PDF] Modeling and Forecasting the Brazilian Term Structure of Interest Rates by an Extended Nelson-Siegel Class of Models: A Quantile Autoregression Approach

RB De Rezende, MS Ferreira - Latin American Meeting of Econometric …, 2008 - Citeseer
Introducing a five factor more flexible model this paper verifies the in-sample fitting and the
out-of-sample forecasting performance of several extensions of the Nelson and Siegel …

Innovations in modeling the term structure of interest rates

PA Abken - Economic Review-Federal Reserve Bank of …, 1990 - search.proquest.com
The phrase" term structure of interest rates" refers to the relationship between interest rates
on bonds of different maturities. Financial economists have long sought to characterize, and …

Forecasting the term structure of government bond yields in unstable environments

JP Byrne, S Cao, D Korobilis - Journal of Empirical Finance, 2017 - Elsevier
In this paper we model and predict the term structure of US interest rates in a data-rich and
unstable environment. The dynamic Nelson–Siegel factor model is extended to allow the …

Bayesian extensions to Diebold-Li term structure model

MP Laurini, LK Hotta - International Review of Financial Analysis, 2010 - Elsevier
This paper proposes a statistical model to adjust, interpolate, and forecast the term structure
of interest rates. The model is based on the extensions for the term structure model of …

A joint model for the term structure of interest rates and the macroeconomy

H Dewachter, M Lyrio, K Maes - Journal of Applied …, 2006 - Wiley Online Library
We present and estimate a continuous time term structure model that incorporates
observable macroeconomic variables and latent variables with a clear macroeconomic …