Estimations of the term premium on Norwegian government bonds
Abstract
The term premium on government bonds has been estimated to be low in recent years. As a result, the additional cost of long-term borrowing has been relatively low.
Description
The term premium on government bonds has been estimated to be low in recent years. As a result, the additional cost of long-term borrowing has been relatively low. The term premium has edged up again over the past year. This Memo documents and discusses the model in Adrian, Chrump and Moench (2013) that we use to assess developments in the term premium on Norwegian government bond yields.
Publisher
Norges BankSeries
Government Debt Management Memo;3/2023
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal