Developments in macro-finance yield curve modelling / edited by Jagjit S. Chadha, Alain Durré, Michael A.S. Joyce, Lucio Sarno.
Material type:
TextSeries: Macroeconomic policy makingPublisher: Cambridge : Cambridge University Press, [2014]Description: 1 online resource (xxiv, 545 pages)Content type: - text
- computer
- online resource
- 9781107694415 (electronic bk.)
- 1107694418 (electronic bk.)
- 9781107045149 (electronic bk.)
- 1107045142 (electronic bk.)
- 9781107598843 (electronic bk.)
- 1107598842 (electronic bk.)
- 332.4/6 23
- HG230.3 .D48 2014eb
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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eBook
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e-Library | EBSCO Business | Available |
Description based on print version record.
Foreword -- Preface -- 1. Editors' introductory chapter and overview -- Part I. Keynote addresses. 2. Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? ; 3. Sovereign debt and monetary policy in the euro area ; 4. The Federal Reserve's response to the financial crisis: what it did and what it should have done ; 5. Tail risks and contract design from a financial stability perspective -- Part II. New techniques. 6. Compound autoregressive processes and defaultable bond pricing ; 7. Yield curve dimensionality when short rates are near the zero lower bound ; 8. The intelligible factor model: international comparison and stylized facts ; 9. Estimating the policy rule from money market rates when target rate changes are lumpy ; 10. Developing a practical yield curve model: an odyssey -- Part III. Policy. 11. The repo and federal funds markets before, during, and emerging from the financial crisis ; 12. Taylor rule uncertainty: believe it or not -- Part IV. Estimating inflation risk. 13. Inflation compensation and inflation risk premia in the euro area term structure of interest rates ; 14. The predictive content of the yield curve for inflation ; 15. Inflation risk premium and the term structure of macroeconomic announcements in the euro area and the United States -- Part V. Default risk. 16. A term structure model for defaultable European sovereign bonds ; 17. Some considerations on debt and interest rates -- Index.
Includes bibliographical references and index.
State-of-the-art research from academics and policy-makers on the role of and challenges to monetary policy during the ongoing financial crisis.