Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Yield Curve and Financial Risk Premia: Implications for Monetary Policy

The Yield Curve and Financial Risk Premia: Implications for Monetary Policy

Geiger, Felix

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 654

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 3642215742
ISBN13: 9783642215742
Publisher: Springer Nature
Published: Aug 17 2011
Pages: 260
Weight: 1.02
Height: 0.69 Width: 6.14 Depth: 9.21
Language: English
The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book's approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.

Also in

Economics

View All