Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks

Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks

This paper studies the non-linear response of the term structure of interest rates to monetary policy shocks. We show that uncertainty about monetary policy changes the way the term structure responds to monetary policy. A policy tightening leads to a significantly smaller increase in long-term b...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 24-2017)
1. Verfasser: Tillmann, Peter
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2017
Schlagworte:
local projections
Monetary policy uncertainty
term premium, unconventional monetary policy
Wirtschaft
term structure
Economics
Online-Zugang:PDF-Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
MAGKS - Joint Discussion Paper Series in Economics

Ähnliche Einträge