14
12
10
8
6
4
6
4
2
0
-2
Figure 7
Model-Based Level, Slope and Curvature (i.e., Estimated Factors)
vs. Data-Based Level, Slope and Curvature
Solid Line: βι r Dotted Line: Level
86 88 90 92 94 96 98 00
Solid Line: -β2t Dotted Line: Slope
2
-2 -I----------------1-----------------1-----------------1-----------------1---------------->-----------------1-----------------1---------------->-----------------1---------------->---------------->-----------------1---------------->---------------->----------------F
86 88 90 92 94 96 98 00
л
Solid Line: 0.3 β31 Dotted Line: Curvature
Notes to Figure 7: We define the level as the 10-year yield, the slope as the difference between the 10-year
and 3-month yields, and the curvature as the twice the 2-year yield minus the sum of the 3-month and 10-
year yields.
More intriguing information
1. The migration of unskilled youth: Is there any wage gain?2. Strategic Policy Options to Improve Irrigation Water Allocation Efficiency: Analysis on Egypt and Morocco
3. Critical Race Theory and Education: Racism and antiracism in educational theory and praxis David Gillborn*
4. Accurate and robust image superresolution by neural processing of local image representations
5. The name is absent
6. Discourse Patterns in First Language Use at Hcme and Second Language Learning at School: an Ethnographic Approach
7. Non-causality in Bivariate Binary Panel Data
8. Towards Teaching a Robot to Count Objects
9. The name is absent
10. The Clustering of Financial Services in London*