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The Yield Curve and Macroeconomic Dynamics

✍ Scribed by Peter Hördahl; Oreste Tristani; David Vestin

Book ID
111056091
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
517 KB
Volume
118
Category
Article
ISSN
0013-0133

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📜 SIMILAR VOLUMES

Time-varying yield curve dynamics and mo
Time-varying yield curve dynamics and monetary policy
✍ Haroon Mumtaz; Paolo Surico 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 740 KB

## Abstract Monetary policy, the yield curve and the private sector behaviour of the US economy are modelled as a time‐varying structural vector autoregression. The monetary policy shocks of the early 1980s explain a large portion of the persistence of inflation and the level of the term structure.