- Primerica Financial Services The Fake Job Interview – Fraud.
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Primerica Financial Services The Fake Job Interview – Fraud.
We estimate that the equilibrium real rate has fallen about 2 percentage points and appears unlikely to rise quickly.
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Our methodology avoids two pitfalls of previous macroeconomic analyses: structural breaks at the zero lower bound and potential misspecification of output and inflation dynamics.
First, actual bond prices are summarized by interpolated synthetic zero-coupon yields, and second, a small set of these yields are used as the source data for further empirical examination.
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We also provide a simulation study showing that a one-step approach can extract the information in large panels of bond prices and avoid any arbitrary noise introduced from a first-stage interpolation of yields.
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