Backus/Dec 16, 98
This executable contains Matlab and related files to generate tables and figures for Backus, Foresi, and Telmer, "Discrete-time models of bond pricing." The paper will be published in a volume edited by Bruce Tuckman. Working paper versions are available on the NBER Web site (http://www.nber.org
) and my own site (http://www.stern.nyu.edu/~dbackus
).I welcome comments of all types.
On the files: most of the main file, tuck.m, should run on pretty much any Matlab installation. The exceptions are the 2-factor model, which uses routines from Matlab's optimization toolbox. Our experience has been that these routines change often enough that they are relatively fragile. But good luck!