ARTICLE IN PRESS
Term Structure of Uncertainty
in the Macroeconomy
J.
*
Borovika*, L.P. Hansen
New York University and NBER, New York, NY, United States
University of Chicago and NBER, Chicago, IL, United States
Contents
1. Introduction 1642
2. Mathematical Framework 1644
3. Asset Pricing over Alternative Investment Horizons 1646
3.1 One-Period Pricing ...


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