A Consumption-Based Model of the Term Structure of Interest Rates, 2004, J. A. WACHTER
http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID587952_code62668.pdf?abstractid=587952&mirid=2
"... Equations (26)–(28) imply an exact likelihood function, derived in Appendix A.3. Section 3.1 describes the mapping from the parameters assumed
in this section to the parameters assumed in Section 1.2. Equations (26)–(28) are estimated via maximum likelihood. ...." (quoted from p13)
either exact or conditional ML estimation is fine.
编程，要注意对估计叁数限制区间。
关於最大概似法，Eviews手册有专章，范例也有；如果您对该估计方法已有基本认知，应该驾轻就熟！ Good luck!
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