| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8063 |
| DP8063 The bond yield conundrum: alternative hypotheses and the state of the economy | |
| Sylvester Eijffinger; Ronald Mahieu; Louis Raes | |
| 发表日期 | 2010-10-18 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We study the bond yield conundrum in a macro-finance framework. Building upon a flexible and non-structural macro-finance model, we test the hypothesis that the bond yield conundrum is connected to various sources of uncertainty in the financial markets. Moreover we explicitly test for the role of the state of the economy. Our findings give a richer description of the drivers of the term premium yet the conundrum remains. The results in this paper indicate that the underlying observable drivers of the term premium are not yet fully understood. |
| 主题 | International Macroeconomics |
| 关键词 | Affine models monetary policy Term premium Yield curve |
| URL | https://cepr.org/publications/dp8063 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536879 |
| 推荐引用方式 GB/T 7714 | Sylvester Eijffinger,Ronald Mahieu,Louis Raes. DP8063 The bond yield conundrum: alternative hypotheses and the state of the economy. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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