Expectations and the Term Structure of Interest Rates -- by Pooya Molavi, Alireza Tahbaz-Salehi, Andrea Vedolin

We are grateful to Camilla Silvestri and Samir Trabelsi for excellent research assistance. We thank Marios Angeletos, Pedro Bordalo, Leland Farmer, Christian Heyerdahl-Larsen, Matteo Leombroni, Yueran Ma, Roberto Marfè, Stefan Nagel, Hao Pang, Monika Piazzesi, Carolin Pflueger, Juliana Salomao, Martin Schneider, Yeji Sung, and Chen Wang for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.