Developments in Macro-Finance Yield Curve Modelling (Paperback)

Language: English

Published by Cambridge University Press, Cambridge, 2016

1316623165 / 9781316623169

Series: Book 3 of 5 - Macroeconomic Policy Making

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Paperback. Changes in the shape of the yield curve have traditionally been one of the key macroeconomic indicators of a likely change in economic outlook. However, the recent financial crises have created a challenge to the management of monetary policy, demanding a revision in the way that policymakers model expected changes in the economy. This volume brings together central bank economists and leading academic monetary economists to propose new methods for modelling the behaviour of interest rates. Topics covered include: the analysis and extraction of expectations of future monetary policy and inflation; the analysis of the short-term dynamics of money market interest rates; the reliability of existing models in periods of extreme market volatility and how to adjust them accordingly; and the role of government debt and deficits in affecting sovereign bond yields and spreads. This book will interest financial researchers and practitioners as well as academic and central bank economists. Bringing together senior central bank economists and leading academic monetary economists, this book offers a state-of-the-art analysis of how the financial crisis has changed the way in which macroeconomic policymakers model longer term interest rates, and the challenges posed to the conduct of monetary policy. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

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Title
Developments in Macro-Finance Yield Curve Modelling (Paperback)
Author
Jagjit S. Chadha
Publisher
Cambridge University Press, Cambridge
Publication year
2016
Condition
new
Binding
Paperback
Language
English
ISBN 10
1316623165
ISBN 13
9781316623169
Series
Book 3 of 5: Macroeconomic Policy Making

CitiRetail

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