EAN: 9783642215742

Bilder-Quelle: discount24.de - Sport-Freizeit

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.

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14.08.2025 um 09:40 Uhr

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