The Macroeconomy And The Yield Curve
Download and Read The Macroeconomy And The Yield Curve full books in PDF, ePUB, and Kindle. Read online free The Macroeconomy And The Yield Curve ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
The Macroeconomy and the Yield Curve
Author | : Francis X. Diebold |
Publisher | : |
Total Pages | : 22 |
Release | : 2004 |
Genre | : Interest rate futures |
ISBN | : |
Download The Macroeconomy and the Yield Curve Book in PDF, Epub and Kindle
We estimate a model that summarizes the yield curve using latent factors (specifically, level, slope, and curvature) and also includes observable macroeconomic variables (specifically, real activity, inflation, and the monetary policy instrument). Our goal is to provide a characterization of the dynamic interactions between the macroeconomy and the yield curve. We find strong evidence of the effects of macro variables on future movements in the yield curve and evidence for a reverse influence as well. We also relate our results to the expectations hypothesis.
The Macroeconomy and the Yield Curve Related Books
Pages: 22
Pages: 571
Pages: 320
Pages: 130
Pages: 284