logo-euiFlorence School of Banking & Finance

EABCN Training School on Term Structure Modeling and the Lower Bound Problem

September 7, 2015 – September 9, 2015 all-day Europe/Rome Timezone
Florence, EUI
European University Institute - Villa Schifanoia and Cappella
Via Boccaccio, 121, 50133 Firenze


The Euro Area Business Cycle Network (EABCN) provides a forum for the better understanding of the Euro area business cycle, linking academic researchers and researchers in central banks and other policy institutions involved in the empirical analysis of the Euro area business cycle.


About this course

The 23rd EABCN training school was a three days course on ‘Term Structure Modeling and the Lower Bound Problem’ taught by Dr Jens Christensen (Federal Reserve Bank of San Francisco). The course covered the most recent literature on how to model the term structure of bond yields including challenges posed by the asymmetric behavior of yields near their lower bound.


Course instructor

Jens Christensen is a senior economist in the Financial Research Section of the Federal Reserve Bank of San Francisco, which he joined in 2006 after receiving his PhD in finance from Copenhagen Business School. He also holds an MSc in economics from the University of Copenhagen. His research interests include credit risk modeling, credit risk management, and interest rate term structure modeling. His research in this area is widely cited and has been published in leading academic journals such as the Economic Journal, the Journal of Business and Economic Statistics, the Journal of Econometrics, the Journal of Financial Econometrics, and the Journal of Money, Credit, and Banking amongst others. Finally, he is a frequent presenter at international conferences on issues related to sovereign bond markets and monetary policy.

Call for papers