Discussion Mark Flood
نویسنده
چکیده
and real-return expectations in Canada and the United States via a twocountry extension of the equilibrium term-structure model introduced by Longstaff and Schwartz (1992). This paper is part of a larger research agenda that attempts to link empirically the structure of equilibrium termstructure models to macroeconomic fundamentals in both the United States and Canada. If they can accurately measure ex ante real interest rates and expected inflation from the term structure, the usefulness of such a project for monetary policy should be readily apparent. I commend the organizers of this conference and Fung and Remolona for choosing a subject that is topical—even long overdue.
منابع مشابه
Flood damage , vulnerability and risk perception - challenges for flood damage research
The current state-of-the-art in flood damage analysis mainly focuses on the economic evaluation of tangible flood effects. It is contended in this discussion paper that important economic, social and ecological aspects of flood-related vulnerabilities are neglected. It is a challenge for flood research to develop a wider perspective for flood damage evaluation.
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