## Research classified by
*Journal of
Economic Literature* (JEL) codes

Top JEL

/ E: Macroeconomics and Monetary Economics

/ / E4: Money and Interest Rates

/ / /

**E43: Interest Rates: Determination, Term Structure, and Effects**

**This JEL code is mentioned in the follow RePEc Biblio entries:**

**This topic is covered by the following reading lists:**

- Quantitative Macroeconomics and Real Business Cycles (QM&RBC)
- Mondialisation
- Advanced Monetary Theory and Policy (ECON 447)

Most recent items first, undated at the end.

**Does the South African Reserve Bank (SARB) Respond to Oil Price Movements? Historical Evidence from the Frequency Domain**

*by*Goodness C. Aye & Olorato Gadinabokao & Rangan Gupta

**How to aggregate experts' discount rates: An equilibrium approach**

*by*Napp, Clotilde & Jouini, Elyès

**An Empirical Investigation of Fisherian Link in BRIC-T Countries**

*by*Tayfur BAYAT & Selim KAYHAN & Çetin DOĞAN

**The role of demographics in small business loan pricing**

*by*Neuberger, Doris & Räthke-Döppner, Solvig

**Stability and Identification with Optimal Macroprudential Policy Rules**

*by*Chatelain, Jean-Bernard & Ralf, Kirsten

**Monetary policy, long real yields and the financial crisis**

*by*Moretti, Laura

**When Is Lift-Off? Evaluating Forward Guidance From The Shadow**

*by*M. Neuenkirch, P. Siklos

**Banking and Sovereign Debt Crises in Monetary Union Without Central Bank Intervention**

*by*Jin Cheng & Meixing Dai & Frédéric Dufourt

**The Treatment of Financial Transactions in the SNA: A User Cost Approach**

*by*, & Diewert, Erwin

**Gamma discounters are short-termist**

*by*Gollier, Christian

**When is Lift-off? Evaluating Forward Guidance from the Shadow**

*by*Matthias Neuenkirch & Pierre L. Siklos

**An essay on horizontalism, structuralism and historical time**

*by*Mark Setterfield

**Subjective Term Premia, Consumer Sentiment, and the Zero Lower Bound**

*by*Josh Stillwagon

**Identification of Monetary Policy Shocks in Turkey: A Structural VAR Approach**

*by*Mustafa Kilinc & Cengiz Tunc

**Interest Rate Corridor, Liquidity Management and the Overnight Spread**

*by*Hande Kucuk & Pinar Ozlu & Anil Talasli & Deren Unalmis & Canan Yuksel

**Yield Curve and Recession Forecasting in a Machine Learning Framework**

*by*Gogas, Periklis & Papadimitriou , Theophilos & Matthaiou, Maria- Artemis & Chrysanthidou, Efthymia

**Can Low Interest Rates be Harmful: An Assessment of the Bank Risk-Taking Channel in Asia**

*by*Ramayandi, Arief & Rawat, Umang & Tang, Hsiao Chink

**Term structure of discount rates under multivariate s-ordered consumption growth**

*by*Christoph Heinzel

**Capital inflows and euro area long-term interest rates**

*by*Daniel Carvalho & Michael Fidora

**An Investigation into the Impact of Federal Government Budget Deficits on the Ex Ante Real Interest Rate Yield on Treasury Notes in the U.S**

*by*Cebula, Richard

**The Natural Rate of Interest with Endogenous Growth, Financial Frictions and Trend Inflation**

*by*Olmos, Lorena & Sanso Frago, Marcos

**Modelo de ciclo de negocios real con dinero endógeno y pasivo**

*by*Guberman, Carlos & Cymbler, David

**Endividamento antes e após a introdução do euro: análise ARDL do caso português**

*by*Gaspar, Catarina & Fuinhas, José Alberto & Marques, António Cardoso

**On the Nominal Interest Rate Yield Response to Net Government Borrowing in the U.S.: An Empirical Analysis with Robustness Tests**

*by*Alexander, Gigi & Foley, Maggie

**Is India Ready for Flexible Inflation-Targeting?**

*by*Sen Gupta, Abhijit & Sengupta, Rajeswari

**Current Evidence on the Impact of Budget Deficits on the Nominal Interest Rate Yield on Intermediate-term Debt Issues of the U.S. Treasury: An Analysis with Robustness Tests**

*by*Cebula, Richard

**Fisher's Relation and the Term Structure: Implications for IS Curves**

*by*Malikane, Christopher & Ojah, Kalu

**The Elasticity of Intertemporal Substitution Reconsidered**

*by*Dladla, Pholile & Malikane, Christopher & Ojah, Kalu

**Have U.S. Budget Deficits Raised the Real Interest Rate Yield on Tax-Free Municipal Bonds?**

*by*Cebula, Richard

**Stability and Identification with Optimal Macroprudential Policy Rules**

*by*Chatelain, Jean-Bernard & Ralf, Kirsten

**An Empirical Investigation into the Impact of U.S. Federal Government Budget Deficits on the Real Interest Rate Yield on Intermediate-term Treasury Debt Issues, 1972-2012**

*by*Cebula, Richard

**Impact of Federal Government Budget Deficits on the Longer-term Real Interest Rate in the U.S.: Evidence Using Annual and Quarterly Data, 1960-2013**

*by*Cebula, Richard

**Sovereign defaults, external debt and real exchange rate dynamics**

*by*Asonuma, Tamon

**Pricing of retail deposits in Croatia: including the premium for country default**

*by*Vidakovic, Neven

**Interest Rates Rigidities and the Fisher Equation**

*by*Belanger, Gilles

**Bond Market Exposures to Macroeconomic and Monetary Policy Risks**

*by*Dongho Song

**The Liquidity Premium of Near-Money Assets**

*by*Stefan Nagel

**Optimal Taylor Rules in New Keynesian Models**

*by*Christoph E. Boehm & Christopher L. House

**Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound**

*by*Jing Cynthia Wu & Fan Dora Xia

**Estimation of Affine Term Structure Models with Spanned or Unspanned Stochastic Volatility**

*by*Drew D. Creal & Jing Cynthia Wu

**Monetary Policy and Real Borrowing Costs at the Zero Lower Bound**

*by*Simon Gilchrist & David López-Salido & Egon Zakrajšek

**Monetary Policy Drivers of Bond and Equity Risks**

*by*John Y. Campbell & Carolin Pflueger & Luis M. Viceira

**Measuring the ''World'' Real Interest Rate**

*by*Mervyn King & David Low

**Market Set-Up in Advance of Federal Reserve Policy Decisions**

*by*Dick van Dijk & Robin L. Lumsdaine & Michel van der Wel

**Interest rate pass-through in Poland. Evidence from individual bank data**

*by*Ewa Stanisławska

**Credit rating agency downgrades and the Eurozone sovereign debt crises**

*by*Christopher F Baum & Margarita Karpava & Dorothea Schäfer & Andreas Stephen

**Heterogeneous monetary transmission process in the Eurozone: Does banking competition matter?**

*by*Aurélien Leroy & Yannick Lucotte

**A macro-financial analysis of the euro area sovereign bond market**

*by*Hans Dewachter & Leonardo Iania & Marco Lyrio & Maite de Sola Perea

**Information in the yield curve: A Macro-Finance approach**

*by*Hans Dewachter & Leonardo Iania & Marco Lyrio

**Stability and Identification with Optimal Macroprudential Policy Rules**

*by*Jean-Bernard Chatelain & Kirsten Ralf

**The Macroeconomic Determinants of the US Term-Structure during the Great Moderation**

*by*Alessia Paccagnini

**Household Risk Management and Actual Mortgage Choice in the Euro Area**

*by*Ehrmann, Michael & Ziegelmeyer, Michael

**How Effective Is Central Bank Forward Guidance?**

*by*Clemens J. M. Kool Author-Name-First Clemens J. M. & Daniel L. Thornton Author-Name-First Daniel L.

**Fiscal shocks and the exchange rate**

*by*Giorgio Di Giorgio Author-Name-First Giorgio & Salvatore Nistico' Author-Name-First Salvatore & Guido Traficante Author-Name-First Guido

**A Flexible Non Linear Model to Test the Expectation Hypothesis of Interest Rates**

*by*Jean-Michel Sahut

**Is India ready for flexible inflation-targeting?**

*by*Abhijit Sen Gupta & Rajeswari Sengupta

**Banks competition, managerial efficiency and the interest rate pass-through in India**

*by*Jugnu Ansari & Ashima Goyal

**Gamma discounters are short-termist**

*by*Gollier, Christian

**Inflation Targeting in Colombia, 2002-2012**

*by*Miguel Urrutia & Franz Hamann & Marc Hofstetter

**Does Innovation Affect Credit Access? New Empirical Evidence from Italian Small Business Lending**

*by*Andrea Bellucci & Ilario Favaretto & Germana Giombini

**Modelo VEC para la estimación de inflación bursátil: Evidencia empírica en mercados norteamericanos**

*by*Juan José Jordán Sánchez

**Unemployment benefits extensions at the zero lower bound on nominal interest rate**

*by*Julien Albertini & Arthur Poirier & &

**Interest Rate Determination in China: Past, Present, and Future**

*by*Dong He & Honglin Wang & Xiangrong Yu

**How Persistent are Monetary Policy Effects at the Zero Lower Bound?**

*by*Neely, Christopher J.

**Money, liquidity and welfare**

*by*Wen, Yi

**Flights to Safety**

*by*Baele, Lieven & Bekaert, Geert & Inghelbrecht, Koen & Wei, Min

**Has U.S. monetary policy tracked the efficient interest rate?**

*by*Curdia, Vasco & Ferrero, Andrea & Ng, Ging Cee & Tambalotti, Andrea

**Inflation expectations and the news**

*by*Bauer, Michael D.

**Can spanned term structure factors drive stochastic yield volatility?**

*by*Christensen, Jens H.E. & Lopez, Jose A. & Rudebusch, Glenn D.

**Asset markets and monetary policy shocks at the zero lower bound**

*by*Edda Claus & Iris Claus & Leo Krippner

**Measuring the stance of monetary policy in conventional and unconventional environments**

*by*Leo Krippner

**The impact of sovereign and credit risk on interest rate convergence in the euro area**

*by*Ivo Arnold & Saskia van Ewijk

**Bank Competition, Borrower Competition and Interest Rates**

*by*Carlos Bellón

**Modelling Long Bonds - The Case of Optimal Fiscal Policy**

*by*Faraglia, Elisa & Marcet, Albert & Scott, Andrew

**Monetary Policy Surprises, Credit Costs and Economic Activity**

*by*Gertler, Mark & Karadi, Peter

**Risk Matters: A Comment**

*by*Born, Benjamin & Pfeifer, Johannes

**An Empirical Analysis of the Relationship between US and Colombian Long-Term Sovereign Bond Yields?**

*by*Alexander Guarín & José Fernando Moreno & Hernando Vargas

**Inflation Targeting in Colombia, 2002-2012**

*by*Franz Hamann & Marc Hofstetter & Miguel Urrutia

**Inflation Targeting in Colombia, 2002-2012**

*by*Franz Hamann & Marc Hofstetter & Miguel Urrutia

**Risk Matters: A Comment**

*by*Benjamin Born & Johannes Pfeifer

**ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds**

*by*Christoph Trebesch & Jeromin Zettelmeyer

**Forward Guidance in a Simple Model with a Zero Lower Bound**

*by*Gerhard Illing & Thomas Siemsen

**Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program**

*by*Nikolay Hristov & Oliver Hülsewig & Thomas Siemsen & Timo Wollmershäuser

**Learning about Disaster Risk: Joint Implications for Consumption and Asset Prices**

*by*Max Gillman & Michal Kejak & Michal Pakos

**How do banks respond to increased funding uncertainty?**

*by*Robert A. Ritz & Ansgar Walther

**U.S. Treasury Auction Yields Before and During Quantitative Easing: Market Factors vs.Auction Specific Factors**

*by*Catherine L. Mann & Oren Klachkin

**Transmission effects in the presence of structural breaks: evidence from south-eastern European countries**

*by*Minoas Koukouritakis & Athanasios P. Papadopoulos & Andreas Yannopoulos

**Expectations, risk premia and information spanning in dynamic term structure model estimation**

*by*Guimarães, Rodrigo

**Monetary Policy, Bond Risk Premia, and the Economy**

*by*Peter N. Ireland

**The impact of the Term Auction Facility on the liquidity risk premium and unsecured interbank spreads**

*by*Olav Syrstad

**Determinants of OECD countries’ sovereign yields: safe havens, purgatory, and the damned**

*by*C. Bortoli & L. Harreau & C. Pouvelle

**Specification Analysis of International Treasury Yield Curve Factors**

*by*Pegoraro, F. & Siegel, A. F. & Tiozzo Pezzoli, L.

**International Yield Curves and Principal Components Selection Techniques: An Empirical Assessment**

*by*Pegoraro, F. & Siegel, A. F. & Tiozzo Pezzoli, L.

**Credit Risk in the Euro area**

*by*Gilchrist, S. & Mojon, B.

**Household Risk Management and Actual Mortgage Choice in the Euro Area**

*by*Michael Ehrmann & Michael Ziegelmeyer

**Bond Risk Premia and Gaussian Term Structure Models**

*by*Bruno Feunou & Jean-Sébastien Fontaine

**Household Risk Management and Actual Mortgage Choice in the Euro Area**

*by*Michael Ehrmann & Michael Ziegelmeyer

**Estimating and Forecasting the Yield Curve Using a Markov Switching Dynamic Nelson and Siegel Model**

*by*Constantino Hevia & Martin Gonzalez-Rozada & Martin Sola & Fabio Spagnolo

**Capturing the Interaction of Trend, Cycle, Expectations and Risk Premia in the US Term Structure**

*by*Soloschenko, Max & Weber, Enzo

**Do Good Institutions Promote Counter-cyclical Macroeconomic Policies?**

*by*César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel

**Monetary Policy Efficiency in Conditions of Excess Liquidity Withdrawal**

*by*Martin Mandel & Vladimír Tomšík

**Which Agency and Which Period is The Best? Analyzing National and International Fiscal Forecasts in Italy**

*by*Laura Carabotta

**Essay on Wavelet analysis and the European term structure of interest rates**

*by*Michaela M. Kiermeier

**Financial integration and fragmentation in the euro area**

*by*M. de Sola Perea & Ch. Van Nieuwenhuyze

**What factors influence the yield curve?**

*by*Dániel Horváth & Péter Kálmán & Zalán Kocsis & Imre Ligeti

**Multiple Comparisons and Joint Significance in Panel Unit Root Testing with Evidence on International Interest Rate Linkage**

*by*Uwe Hassler & Verena Werkmann

**Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile, and Mexico?**

*by*Michiel De Pooter & Patrice Robitaille & Ian Walker & Michael Zdinak

**QE: is there a portfolio balance effect?**

*by*Thornton, Daniel L.

**Liquidity and capital under uncertainty and changing market sentiment: A simple analysis**

*by*Bossone, Biagio

**The term structure of interest rates as predictor of stock returns: Evidence for the IBEX 35 during a bear market**

*by*Fernandez-Perez, Adrian & Fernández-Rodríguez, Fernando & Sosvilla-Rivero, Simón

**Financial crises and economic growth**

*by*Jarrow, Robert A.

**Are public preferences reflected in monetary policy reaction functions?**

*by*Neuenkirch, Matthias

**Monetary policy: Why money matters (and interest rates don’t)**

*by*Thornton, Daniel L.

**Signals and learning in a new Keynesian economy**

*by*Marzioni, Stefano

**Time-varying equilibrium rates in small open economies: Evidence for Canada**

*by*Berger, Tino & Kempa, Bernd

**Stock market liquidity and macro-liquidity shocks: Evidence from the 2007–2009 financial crisis**

*by*Florackis, Chris & Kontonikas, Alexandros & Kostakis, Alexandros

**International channels of the Fed's unconventional monetary policy**

*by*Bauer, Michael D. & Neely, Christopher J.

**Macroeconomic fundamentals and the exchange rate dynamics: A no-arbitrage macro-finance approach**

*by*Yin, Weiwei & Li, Junye

**Inflation targeting, credibility, and non-linear Taylor rules**

*by*Neuenkirch, Matthias & Tillmann, Peter

**Time-changed Lévy LIBOR market model: Pricing and joint estimation of the cap surface and swaption cube**

*by*Leippold, Markus & Strømberg, Jacob

**Testing for a break in the persistence in yield spreads of EMU government bonds**

*by*Sibbertsen, Philipp & Wegener, Christoph & Basse, Tobias

**Applying a macro-finance yield curve to UK quantitative Easing**

*by*Chadha, Jagjit S. & Waters, Alex

**Analysing interest rate mark-ups in the Australian mortgage market**

*by*Valadkhani, Abbas

**What explains deviations in the unbiased expectations hypothesis? Market irrationality vs. the peso problem**

*by*Chen, Cathy Yi-Hsuan & Kuo, I-Doun & Chiang, Thomas C.

**Bond futures, inflation-indexed bonds, and inflation risk premium**

*by*Kanas, Angelos

**Valuation of quanto options in a Markovian regime-switching market: A Markov-modulated Gaussian HJM model**

*by*Chen, Son-Nan & Chiang, Mi-Hsiu & Hsu, Pao-Peng & Li, Chang-Yi

**GDP growth and the yield curvature**

*by*Møller, Stig V.

**Long-run and short-run determinants of sovereign bond yields in advanced economies**

*by*Poghosyan, Tigran

**Adaptive dynamic Nelson–Siegel term structure model with applications**

*by*Chen, Ying & Niu, Linlin

**An asymptotic analysis of likelihood-based diffusion model selection using high frequency data**

*by*Choi, Hwan-sik & Jeong, Minsoo & Park, Joon Y.

**Central banks’ interest rate projections and forecast coordination**

*by*Pierdzioch, Christian & Rülke, Jan-Christoph

**Impact of macroeconomic surprises on the Brazilian yield curve and expected inflation**

*by*Moura, Marcelo L. & Gaião, Rafael L.

**Relationship between the benchmark interest rate and a macroeconomic indicator**

*by*Duan, Qihong & Wei, Ying & Chen, Zhiping

**Time-varying exchange rate exposure and exchange rate risk pricing in the Canadian Equity Market**

*by*Al-Shboul, Mohammad & Anwar, Sajid

**Incomplete interest rate pass-through under credit and labor market frictions**

*by*Ciccarone, Giuseppe & Giuli, Francesco & Liberati, Danilo

**Macroeconomic equilibrium and welfare under simple monetary and switching fiscal policy rules**

*by*Danciulescu, Cristina

**How to aggregate experts' discount rates: An equilibrium approach**

*by*Jouini, Elyès & Napp, Clotilde

**Unconventional government debt purchases as a supplement to conventional monetary policy**

*by*Ellison, Martin & Tischbirek, Andreas

**Bounded interest rate feedback rules in continuous-time**

*by*d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Hermen Jan

**Interest rate pass-through and monetary policy asymmetry: A journey into the Caucasian black box**

*by*Jamilov, Rustam & Égert, Balázs

**Legal And Economic Perspectives On The Legal Penalty Interest**

*by*Rodica Diana APAN & Simona SABOU

**Assesment of the Interest Rates in the Serbian Banking Sector**

*by*Lidija Barjaktarović & Maja Dimić & Dejan Ječmenica

**The effectiveness of monetary policy transmission under capital inflows: Evidence from Asia**

*by*Sonali Jain-Chandra & D. Filiz Unsal

**Non-US banks' claims on the Federal Reserve**

*by*Robert N McCauley & Patrick McGuire

**"Fisher Dynamics" in US Household Debt, 1929-2011**

*by*J. W. Mason & Arjun Jayadev

**Persistent Liquidity Effects and Long-Run Money Demand**

*by*Fernando Alvarez & Francesco Lippi

**The Role of Policy in the Great Recession and the Weak Recovery**

*by*John B. Taylor

**The Natural Rate of Interest and Its Usefulness for Monetary Policy**

*by*Robert Barsky & Alejandro Justiniano & Leonardo Melosi

**Sovereign Debt Booms in Monetary Unions**

*by*Mark Aguiar & Manuel Amador & Emmanuel Farhi & Gita Gopinath

**Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Reply**

*by*Jonathan H. Wright

**Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Comment**

*by*Michael D. Bauer & Glenn D. Rudebusch & Jing Cynthia Wu

**Analyzing The Relationship Between Eonia And Eoniaswap Rates. A Cointegration Approach**

*by*Codruta Maria FAT & Simona MUTU

**Liquidity regulation and the implementation of monetary policy**

*by*Morten L. Bech & Todd Keister

**The Leading Indicator Property of the Term Spread and the Monetary Policy Factors in Japan**

*by*Hiroshi Nakaota & Yuichi Fukuta

**ECB monetary operations and the interbank repo market**

*by*Dunne, Peter G. & Fleming, Michael J. & Zholos, Andrey

**Regime switching in bond yield and spread dynamics**

*by*Renne, Jean-Paul

**The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]**

*by*Croitoru Lucian

**A Comment on Tests for Asymmetric Threshold Cointegration with an Application to the Term Structure: Cointegration Methods Matter**

*by*Natalie Hegwood & M.H. Tuttle

**The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis**

*by*Wollmershäuser, Timo & Hristov, Nikolay & Hülsewig, Oliver

**Determinants of the onshore and offshore Chinese Government yield curves**

*by*Loechel, Horst & Packham, Natalie & Walisch, Fabian

**Kapitalwertmethode bei nicht-flacher Zinsstrukturkurve**

*by*Kohn, Wolfgang

**Kapitalwertmethode bei nicht-flacher Zinsstrukturkurve**

*by*Kohn, Wolfgang

**Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions**

*by*Azizi, Karim & Canry, Nicolas & Chatelain, Jean-Bernard & Tinel, Bruno

**Monetary policy and stock market volatility**

*by*Bleich, Dirk & Fendel, Ralf & Rülke, Jan-Christoph

**The US Economy, the Treasury Bond Market and the Specification of Macro-Finance Models**

*by*Peter Spencer

**Interest Rate Pass-Through and Monetary Policy Asymmetry: A Journey into the Caucasian Black Box**

*by*Rustam Jamilov & Balázs Égert

**Long-run interest rate convergence in Poland and the EMU**

*by*Łukasz Goczek & Dagmara Mycielska

**Ready for euro? Empirical study of the actual monetary policy independence in Poland**

*by*Łukasz Goczek & Dagmara Mycielska

**The Fisher Relation in the Great Depression and the Great Recession**

*by*David Laidler

**Monetary Policy Effects on Long-term Rates and Stock Prices**

*by*Ranaldo, Angelo & Reynard, Samuel

**Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?**

*by*Mirkov, Nikola & Natvik, Gisle James

**Does it Pay to Work for Free? Wage Returns and Gender Differences in the Market for Volunteers**

*by*Cozzi, Guido & Mantovan, Noemi & Sauer, Robert M.

**Can Monetary Policy Delay the Reallocation of Capital?**

*by*Schnell, Fabian

**Oracle Properties and Finite Sample Inference of the Adaptive Lasso for Time Series Regression Models**

*by*Audrino, Francesco & Camponovo, Lorenzo

**Determinants of sovereign debt yield spreads under EMU: Pairwise approach**

*by*Fazlioglu S.

**The Ties that Bind: Monetary Policy and Government Debt Management**

*by*Jagjit S. Chadha & Philip Turner & Fabrizio Zampolli

**The politics of fiscal effort in Spain and Ireland: Market credibility versus political legitimacy**

*by*Sebastian Dellepiane & Niamh Hardiman

**From Tiger to PIIGS: Ireland and the use of heuristics in comparative political economy**

*by*Samuel Brazys & Niamh Hardiman

**Voyage Accounting, User Costs and the Treatment of Financial Transactions in the Theory of the Firm**

*by*Diewert, Erwin

**US TFP Growth and the Contribution of Changes in Export and Import Prices to Real Income Growth**

*by*Diewert, Erwin

**Extended Business Sector Data on Outputs and Inputs for the U.S.: 1987-2011**

*by*Diewert, Erwin

**Using Interest Rates as the Instrument of Monetary Policy: Beware Real effects, Positive Feedbacks, and Discontinuities**

*by*Mark Setterfield

**How do Banks’ Stock Returns Respond to Monetary Policy Committee Announcements in Turkey? Evidence from Traditional versus New Monetary Policy Episodes**

*by*Guray Kucukkocaoglu & Deren Unalmis & Ibrahim Unalmis

**Yield Curve Estimation for Corporate Bonds in Turkey**

*by*Ibrahim Burak Kanli & Doruk Kucuksarac & Ozgur Ozel

**Gecelik Kur Takasi Faizleri ve BIST Gecelik Repo Faizleri**

*by*Doruk Kucuksarac & Ozgur Ozel

**Market-Based Measurement of Expectations on Short-Term Rates in Turkey**

*by*Ibrahim Burak Kanli

**The equity price channel in a New-Keynesian DSGE model with financial frictions and banking**

*by*Hylton Hollander & Guangling Liu

**An issue with own-rates: Keynes borrows from Sraffa , Sraffa criticises Keynes, and present-day commentators get hold of the wrong end of the stick**

*by*Roy H Grieve

**The relations between bank-funding costs, retail rates, and loan volumes. Evidence form Norwegian microdata**

*by*Arvid Raknerud & Bjørn Helge Vatne

**Behind closed doors: Revealing the ECB’s Decision Rule**

*by*Bernd Hayo & Pierre-Guillaume Méon

**Time variation in asset price responses to macro announcements**

*by*Linda S. Goldberg & Christian Grisse

**The Equity Price Channel in a New-Keynesian DSGE Model with Financial Frictions and Banking**

*by*Hylton Hollander and Guangling Liu

**Monetary Policy, Stock Prices and Central Banks - Cross-Country Comparisons of Cointegrated VAR Models**

*by*Ansgar Belke & Marcel Wiedmann

**The Domestic Debt Intolerance and Bad Equilibrium: An Empirical Default Model**

*by*Ozkaya, Ata

**The Determinants of Greek Bond Yields: An Empirical Study Before and During the Crisis**

*by*Chionis, Dionisios & Pragidis, Ioannis & Schizas, Panagiotis

**The Threat of Financial Contagion to Emerging Asia’s Local Bond Markets: Spillovers from Global Crises**

*by*Azis, Iwan J. & Mitra, Sabyasachi & Baluga, Anthony & Dime, Roselle

**Output effects of a measure of tax shocks based on changes in legislation for Portugal**

*by*Manuel Coutinho Pereira & Lara Wemans

**Financial markets and the response of monetary policy to uncertainty in South Africa**

*by*Ruthira Naraidoo & Leroi Raputsoane

**The Impact of Interest Rate on Bank Deposits Evidence from the Nigerian Banking Sector**

*by*Ojeaga, Paul & Ojeaga, Daniel & Odejimi, Deborah O.

**The Monetary Model of Exchange Rate in Nigeria: an Autoregressive Distributed Lag (ARDL) Approach**

*by*Evans, Olaniyi

**Liquidity Issues in Indian Sovereign Bond Market**

*by*Nath, Golaka

**Macroeconomic factors influencing interest rates of microfinance institutions in Latin America**

*by*Janda, Karel & Zetek, Pavel

**Financial Crisis and Exchange Rates in Emerging Economics: An Empirical Analysis using PPP-UIP-Framework**

*by*Rashid, Abdul & Saedan, Mashael

**A factor-augemented model of markup on mortgage loans in Poland**

*by*Bystrov, Victor

**Evaluating Quantitative Easing: A DSGE Approach**

*by*Falagiarda, Matteo

**The real financial crisis: an individual households' crisis The case for index-linked government bonds for the Netherlands, the U.S. and the U.K**

*by*DE KONING, Kees

**Risk Premium, Interest Rate Differential, and Subsidized Lending in Pakistan**

*by*Shabbir, Safia & Iqbal, Javed & Hameed, Saima

**Did Greenspan Open Pandora's Box? Testing the Taylor Hypothesis and Beyond**

*by*Palma, Nuno

**Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions**

*by*Montañés, Antonio & Olmos, Lorena

**Economic System Failures: the U.S. case**

*by*DE KONING, Kees

**Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions**

*by*Azizi, Karim & Canry, Nicolas & Chatelain, Jean-Bernard & Tinel, Bruno

**An income gap theory and its effects on unemployment and economic growth**

*by*De Koning, Kees

**Bounded Interest Rate Feedback Rules in Continuous-Time**

*by*d'Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Hermen Jan

**The United Kingdom: Economic Growth, a Draft Master Plan**

*by*De Koning, Kees

**Conditional Eurobonds and the Eurozone Sovereign Debt Crisis**

*by*John Muellbauer

**Unconventional government debt purchases as a supplement to conventional monetary policy**

*by*Martin Ellison

**On Real Interest Rate Persistence: The Role of Breaks**

*by*Alfred A. Haug

**The Leading Indicator Property of the Term Spread and the Monetary Policy Factors in Japan**

*by*Hiroshi Nakaota & Yuichi Fukuta

**The Effect of Government Debt, External Debt and their Interaction on OECD Interest Rates**

*by*David Turner & Francesca Spinelli

**The Benefits and Costs of Highly Expansionary Monetary Policy**

*by*Łukasz Rawdanowicz & Romain Bouis & Shingo Watanabe

**The Effectiveness of Monetary Policy since the Onset of the Financial Crisis**

*by*Romain Bouis & Łukasz Rawdanowicz & Jean-Paul Renne & Shingo Watanabe & Ane Kathrine Christensen

**Parameter Uncertainty and the Fiscal Multiplier**

*by*Jamie Murray

**A tractable framework for zero lower bound Gaussian term structure models**

*by*Leo Krippner

**Time Variation in Asset Price Responses to Macro Announcements**

*by*Linda S. Goldberg & Christian Grisse

**Identifying Taylor Rules in Macro-Finance Models**

*by*David Backus & Mikhail Chernov & Stanley E. Zin

**Payment Size, Negative Equity, and Mortgage Default**

*by*Andreas Fuster & Paul S. Willen

**Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico**

*by*Dean Karlan & Jonathan Zinman

**Flights to Safety**

*by*Lieven Baele & Geert Bekaert & Koen Inghelbrecht & Min Wei

**Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity**

*by*Venky Venkateswaran & Randall Wright

**Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt**

*by*Stéphane Guibaud & Yves Nosbusch & Dimitri Vayanos

**Speculative Runs on Interest Rate Pegs**

*by*Marco Bassetto & Christopher Phelan

**Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions**

*by*Karim Azizi & Nicolas Canry & Jean-Bernard Chatelain & Bruno Tinel

**Factor Vector Autoregressive Estimation of Heteroskedastic Persistent and Non Persistent Processes Subject to Structural Breaks: New Insights on the US OIS SPreads Term Structure**

*by*Claudio Morana

**How Monetary Policy is Made: Two Canadian Tales**

*by*Matthias Neuenkirch & Pierre Siklos

**Party Affiliation Rather than Former Occupation: The Background of Central Bank Governors and its Effect on Monetary Policy**

*by*Matthias Neuenkirch & Florian Neumeier

**Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records**

*by*Matthias Neuenkirch

**Are Public Preferences Reflected in Monetary Policy Reaction Functions?**

*by*Matthias Neuenkirch

**Political Economics of External Sovereign Defaults**

*by*Carolina Achury & Christos Koulovatianos & John Tsoukalas

**Announcements of ECB Unconventional Programs: Implications for the Sovereign Risk of Italy**

*by*Matteo Falagiarda & Stefan Reitz

**How Do Income and Bequest Taxes Affect Income Inequality? The Role of Parental Transfers**

*by*Osamu Nakamura

**On the time-varying relationship between EMU sovereign spreads and their determinants**

*by*António Afonso, & Michael G. Arghyrou, & George Bagdatoglou, & Alexandros Kontonikas

**Estimating the Indian natural interest rate and evaluating policy**

*by*Ashima Goyal & Sanchit Arora

**Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed**

*by*Thomas I. Palley

**Monetary policy in the liquidity trap and after: A reassessment of quantitative easing and critique of the Federal Reserve’s proposed exit strategy**

*by*Thomas I. Palley

**Testing the Preferred-Habitat Theory: The Role ofTime-Varying Risk Aversion**

*by*Till Strohsal & & &

**China's Monetary Policy Communication: Money Markets not only Listen, They also Understand**

*by*Alicia Garcia-Herrero & Eric Girardin

**Can fiscal austerity be expansionary in present Europe? The lessons from Sweden**

*by*Erixon, Lennart

**Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crises**

*by*Baum, Christopher & Karpava, Margarita & Schäfer, Dorothea & Stephan, Andreas

**Asymmetric Trends and European Monetary Policy in the post-Bretton Woods Era**

*by*Johansson, Tony & Ljungberg, Jonas

**Central bank liquidity auction mechanism design and the interbank market**

*by*Ollikka, Kimmo & Tukiainen , Janne

**Unconventional government debt purchases as a supplement to conventional monetary policy**

*by*Ellison , Martin & Tischbirek , Andreas

**Structural features and interest-rate dynamics of Russia’s interbank lending market**

*by*Egorov, Alexey & Kovalenko , Olga

**On the use of sterilisation bonds in emerging Asia**

*by*Mehrotra, Aaron

**Are there any Animal Spirits behind the Scenes of the Euro area Sovereign Debt Crisis?**

*by*Emmanuel Mamatzakis

**Testing for a Break in the Persistence in Yield Spreads of EMU Government Bonds**

*by*Sibbertsen, Philipp & Wegener, Christoph & Basse, Tobias

**On the time-varying relationship between EMU sovereign spreads and their determinants**

*by*António Afonso & Michael G. Arghyrou & George Bagdatoglou & Alexandros Kontonikas

**Temporary and Persistent Fiscal Policy Shocks**

*by*Sergio Sola

**Fiscal Policy, Interest Rates and Risk Premia in Open Economy**

*by*Salvatore Dell'Erba & Sergio Sola

**Russia’s Monetary Policy in 2012**

*by*Natalia Luksha & Pavel Trunin

**The stimulative effect of forward guidance**

*by*Gavin, William T. & Keen, Benjamin D. & Richter, Alexander & Throckmorton, Nathaniel

**A Portfolio-Balance Approach to the Nominal Term Structure**

*by*King, Thomas B.

**Modeling yields at the zero lower bound: are shadow rates the solution?**

*by*Christensen, Jens H.E. & Rudebusch, Glenn D.

**A probability-based stress test of Federal Reserve assets and income**

*by*Christensen, Jens H.E. & Lopez, Jose A. & Rudebusch, Glenn D.

**Not so fast: high-frequency financial data for macroeconomic event studies**

*by*Ozdagli, Ali K.

**The monetary transmission mechanism in France: effects of the policy interest rate on bank interest rates and credit conditions**

*by*Paul Hubert & Mathilde Viennot

**Monetary Transmission to UK Retail Mortgage Rates before and after August 2007**

*by*Jack R. Rogers

**Dynamic stochastic general equilibrium model with banks and endogenous defaults of firms**

*by*Sergei Ivashchenko

**Financial Intermediation, House Prices, and the Distributive Effects of the U.S. Great Recession**

*by*Dominik Menno & Tommaso Oliviero

**A Robust Approach to Risk Aversion**

*by*Antoine Bommier & François Le Grand

**Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico**

*by*Dean Karlan & Jonathan Zinman

**An Estimated Dynamic Stochastic General Equilibrium Model for Armenian Economy**

*by*Barseghyan Gayane

**Efficient Jacobian evaluations for estimating zero lower bound term structure models**

*by*Leo Krippner

**Faster solutions for Black zero lower bound term structure models**

*by*Leo Krippner

**A tractable framework for zero-lower-bound Gaussian term structure models**

*by*Leo Krippner

**What's in a Second Opinion? Shadowing the ECB and the Bank of England**

*by*Matthias Neuenkirch & Pierre L. Siklos

**Asymmetry in Government Bond Returns**

*by*Ippei Fujiwara & Lena Mareen Korber & Daisuke Nagakura

**Global House Price Fluctuations: Synchronization and Determinants**

*by*Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones

**Unspanned Macroeconomic Factors in the Yields Curve**

*by*Laura Coroneo & Domenico Giannone & Michèle Modugno

**Asymmetry in Government Bond Returns**

*by*Ippei Fuijwara & Lena Mareen Korber & Daisuke Nagakura

**Asymmetry in Government Bond Returns**

*by*Ippei Fuijwara & Lena Mareen Korber & Daisuke Nagakura

**Interest Rate Pass-Through and Monetary Policy Asymmetry: A Journey into the Caucasian Black Box**

*by*Rustam Jamilov & Balázs Égert

**Are European sovereign bonds fairly priced? The role of modeling uncertainty**

*by*Leo de Haan & Jeroen Hessel & Jan Willem van den End

**Determinants of the rate of the Dutch unsecured overnight money market**

*by*Ronald Heijmans & Lola Hern�ndez & Richard Heuver

**Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crisis**

*by*Christopher F. Baum & Margarita Karpava & Dorothea Schäfer & Andreas Stephan

**The Interest Rate and Capital Durability, and the Importance of Methodological Pluralism**

*by*Roder van Arkel & Koen Vermeylen

**Prediction Bias Correction for Dynamic Term Structure Models**

*by*Eran Raviv

**Estimating Implied Recovery Rates from the Term Structure of CDS Spreads**

*by*Marcin Jaskowski & Michael McAleer

**Does Monetary Policy Respond to Commodity Price Shocks?**

*by*Ano Sujithan, Kuhanathan & Koliai, Lyes & Avouyi-Dovi, Sanvi

**Asymmetry in government bond returns**

*by*Daisuke Nagakura & Lena Mareen Korber & Ippei Fujiwara

**Linkages between the Eurozone and the South-Eastern European Countries: A Global VAR Analysis**

*by*Minoas Koukouritakis & Athanasios Papadopoulos & Andreas Yannopoulos

**Transmission Effects in the Presence of Structural Breaks: Evidence from South-Eastern European Countries**

*by*Minoas Koukouritakis & Athanasios Papadopoulos & Andreas Yannopoulos

**Linkages between the Eurozone and the South-Eastern European Countries: A VECMX* Analysis**

*by*Minoas Koukouritakis & Athanasios Papadopoulos & Andreas Yannopoulos

**Was there a « Greenspan Conundrum » in the Euro area?**

*by*G. LAMÉ

**Regime Switching and Bond Pricing**

*by*Christian Gouriéroux & Alain Monfort & Fulvio Pegoraro & Jean-Paul Renne

**Was there a "Greenspan conundrum" in the Euro Area ?**

*by*Gildas Lamé

**Some Lessons from Six Years of Practical Inflation Targeting**

*by*Svensson, Lars E O

**Identifying Taylor rules in macro-finance models**

*by*Backus, David & Chernov, Mikhail & Zin, Stanley E.

**Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico**

*by*Karlan, Dean S. & Zinman, Jonathan

**Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt**

*by*Guibaud, Stéphane & Nosbusch, Yves & Vayanos, Dimitri

**Identification and Inference Using Event Studies**

*by*Gürkaynak, Refet S. & Wright, Jonathan

**Forecasting Latin-American yield curves: An artificial neural network approach**

*by*Daniel Vela

**Long-Term Interest Rates and Public Debt Maturity**

*by*Ieva Sakalauskaite & Roel Beetsma & Massimo Giuliodori

**Credit Shocks and Macroeconomic Fluctuations in Emerging Markets**

*by*Houssa Romain & Jolan Mohimont & Chris Otrok

**Interest Rate Pass-Through and Monetary Policy Asymmetry: A Journey into the Caucasian Black Box**

*by*Rustam Jamilov & Balazs Egert

**Asset Pricing with Uncertain Betas: A Long-Term Perspective**

*by*Christian Gollier

**Fiscal Policy and the Nominal Term Premium**

*by*Kaszab, Lorant & Marsal, Ales

**A Search-Theoretic Model of the Term Premium**

*by*Athanasios Geromichalos & Lucas Herrenbrueck & Kevin Salyer

**Was the Securities Markets Programme Effective in Stabilizing Irish Sovereign Yields?**

*by*Doran, David & Dunne, Peter & Monks, Allen & O'Reilly, Gerard

**Determinants of Short-term Lender Location and Interest Rates**

*by*Taylor J. Canann & Richard W. Evans

**Linkages between the euro zone and the south-eastern European countries: a global VAR analysis**

*by*Minoas Koukouritakis & Athanasios P. Papadopoulos & Andreas Yannopoulos

**Credit Rating Agency Downgrades and the Eurozone Sovereign Debt Crises**

*by*Christopher F. Baum & Margarita Karpava & Dorothea Schäfer & Andreas Stephan

**Inferring interbank loans and interest rates from interbank payments - an evaluation**

*by*Q. Farooq Akram & Casper Christophersen

**Announcements of interest rate forecasts: Do policymakers stick to them?**

*by*Nikola Mirkov & Gisle James Natvik

**The dynamics of bank loans short-term interest rates in the Euro area: what lessons can we draw from the current crisis?**

*by*Avouyi-Dovi, S. & Horny, G. & Sevestre, P.

**Regime Switching and Bond Pricing**

*by*Gouriéroux, C. & Monfort, A. & Pegoraro, F. & Renne, J-P.

**Pricing Default Events: Surprise, Exogeneity and Contagion**

*by*Gouriéroux, C. & Monfort, A. & Renne, J-P.

**Credit and Liquidity in Interbank Rates: a Quadratic Approach**

*by*Dubecq, S. & Monfort, A. & Renne, J-P. & Roussellet, G.

**Market-implied inflation and growth rates adversely affected by the Brent**

*by*Cette, G. & de Jong, M.

**Forecasting the Term Structure of Interest Rates in Mexico Using an Affine Model**

*by*Rocío Elizondo

**The management of interest rate risk during the crisis: evidence from Italian banks**

*by*Lucia Esposito & Andrea Nobili & Tiziano Ropele

**The impact of the sovereign debt crisis on bank lending rates in the euro area**

*by*Stefano Neri

**Term structure estimation, liquidity-induced heteroskedasticity and the price of liquidity risk**

*by*Emma Berenguer & Ricardo Gimeno & Juan M. Nave

**Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns**

*by*Joshua Aizenman & Gurnain Pasricha

**Money Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions**

*by*Nathan Porter & TengTeng Xu

**A New Linear Estimator for Gaussian Dynamic Term Structure Models**

*by*Antonio Diez de los Rios

**On the Predictive Power of Yield Spread for Future Growth and Recession: The Turkish Case**

*by*Huseyin Kaya

**The Fiscal Limit and Non-Ricardian Consumers**

*by*Alexander W. Richter

**Changes in persistence, spurious regressions and the Fisher hypothesis**

*by*Robinson Kruse & Daniel Ventosa-Santaulària & Antonio E. Noriega

**The development of financial markets and financial theory: 50 years of interaction**

*by*Morten Balling & Ernest Gnan

**States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives**

*by*Morten Balling & Patricia Jackson & Ernest Gnan & Jean-Pierre Danthine & Jean-Charles Rochet & Lorenzo Bini Smaghi & Thorvald Grung Moe & Malgorzata Pawlowska & Jerzy Marzec & Andrew R. Gimber & Alex Cukierman & Edward J. Kane & D. Wilson Ervin & Stephen G. Cecchetti

**States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives**

*by*Morten Balling & Peter Egger & Ernest Gnan & Axel A. Weber & Harald W. Stieber & Stavros Vourloumis & António Afonso & João Tovar Jalles & Franco Bruni & André van Poeck & Maartje Wijffelaars & Séverine Menguy & Wim Boonstra & Allard Bruinshoofd & Aneta Hryckiewicz

**Stress-Test Exercises and the Pricing of Very Long-Term Bonds**

*by*Dubecq, Simon

**Risks And Constraints For The Monetary Stability**

*by*MILEA, Camelia

**What Does the Yield Curve Tell Us about Exchange Rate Predictability?**

*by*Yu-chin Chen & Kwok Ping Tsang

**Interbank Interest Rate Transmission In The Baltic Countries**

*by*Marianna SINICÁKOVÁ & Veronika ŠULIKOVÁ

**Interest Rate Transmission Mechanism In V4 Countries**

*by*Ludmila BARTOKOVA & Julia DURCOVA

**Meta-Analysis Combining Cluster Analysis And Multidimensional Scaling – Categorisation Of Signs Of The European Union Countries´ Insolvency**

*by*Alena ANDREJOVSKÁ

**A re-examination of the empirical performance of the Longstaff and Schwartz two-factor term structure model using real yield data**

*by*Robert Faff & Sirimon Treepongkaruna

**Parametric Yield Curve Modeling In An Illiquid And Undeveloped Financial Market**

*by*Zoricic, Davor & Orsag, Silvije

**The Analysis of Relationship between the Rate of Stock Return and Interest Rate with Nonlinear Methods: The Case of Turkey**

*by*Ekrem Akbas, Yusuf

**Bank Risk-Taking in CEE Countries**

*by*Georgios P. Kouretas & Chris Tsoumas

**An Interpretation of Interest Rates Variability in Dealer´s Model of Optimal Interest Margin**

*by*Karel Brůna & Jiří Korbel

**Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies**

*by*Carlo Cottarelli & Laura Jaramillo

**Europe, Time to Wake Up! Change of monetary policy instruments — reduction of public debt (interest burdens), system of fiscal and monetary objectives — central bank independence**

*by*Tamás Bánfi & Attila Bánfi & Zoltán Bánfi

**The Euro Changeover Monetary Strategies of the European States that Joined the European Union: Bulgaria, Romania, Hungary, Czech Republic and PolandAbstract:One of the most ambitious projects undertaken by the European Union focuses on its own expansion, through the reunification of the European continent, its people and legislative framework. The desire to become members of the European Union has led to decisions on democracy and market economy and encouraged the continuation of the tendency to reform. These new states had to undertake a series of reforms in the legislation in order to align to the requirements of the Maastricht criteria for adopting euro and becoming mmembers of the European Monetary Union, for completing their integration process**

*by*Radulescu Magdalena & Stanciu Radu

**Macroeconomic, Market and Bank-Specific Determinants of the Net Interest Margin in Austria**

*by*Ulrich Gunter & Gerald Krenn & Michael Sigmund

**Private Sector Debt in CESEE EU Member States**

*by*Mathias Lahnsteiner

**Are We Going to Have Deflation and Current Account Surpluses? [Vom avea deflaţie şi surplusuri de cont curent?]**

*by*Croitoru Lucian

**Do Budget Deficits Raise Interest Rates in Nepal?**

*by*Shoora B. Paudyal

**Dynamic Stochastic General Equilibrium Model with Banks and Endogenous Defaults of Firms**

*by*Ivashchenko, S.

**Causes and implications of the low level of the risk-free interest rate**

*by*J. Boeckx & N. Cordemans & M. Dossche

**The Contagion of the Greek Fiscal Crisis and Structural Changes in the Euro Sovereign Bond Markets**

*by*Tomoo Inoue & Atsushi Masuda & Hitoshi Oshige

**Neutral interest rate in Hungary**

*by*Dániel Baksa & Dániel Felcser & Ágnes Horváth & Norbert Kiss M. & Csaba Köber & Balázs Krusper & Gábor Dániel Soós & Katalin Szilágyi

**Reasons for the LIBOR review and its effects on international interbank reference rate quotations**

*by*Szilárd Erhart & Imre Ligeti & Zoltán Molnár

**Interest Rate Pass-Through: Empirical Evidence from Pakistan**

*by*Sheikh Khurram Fazal & Muhammad Abdus Salam

**A European History Lesson for Today’s Central Bankers**

*by*Hanno Lustig

**Monetary Aggregates and the Central Bank’s Financial Stability Mandate Money is the balance sheet counterpart to bank lending. As such, highly procyclical components of money reflect incremental bank lending that may reverse abruptly as financial conditions deteriorate. Components of monetary aggregates that correspond to cross-border banking sector flows depend sensitively on both domestic and global financial factors and display a procyclical pattern that may be utilized in constructing a set of indicators of the vulnerability of the financial system to crises. We illustrate our arguments by drawing on the experience of Korea and by presenting an empirical analysis of crossborder banking flows into "demand-pull" and "supply-push"**

*by*Hyun Jeong Kim & Hyun Song Shin & Jacho Yun

**Horizontalists, verticalists, and structuralists: the theory of endogenous money reassessed**

*by*Thomas I. Palley

**Horizontalists and Verticalists after 25 years**

*by*James Culham & John E. King

**An endogenous money perspective on the post-crisis monetary policy debate**

*by*Scott T. Fullwiler

**Economic theory and policy: a coherent post-Keynesian approach**

*by*Philip Arestis

**Convention, interest rates and monetary policy: a post-Keynesianâ€“French-conventions-school approach**

*by*AndrÃ© de Melo Modenesi & Rui Lyrio Modenesi & JosÃ© Luis Oreiro & Norberto Montani Martins

**Estimating the spot rate curve using the Nelson–Siegel model**

*by*Annaert, Jan & Claes, Anouk G.P. & De Ceuster, Marc J.K. & Zhang, Hairui

**The Canadian macroeconomy and the yield curve: A dynamic latent factor approach**

*by*Lange, Ronald H.

**The Spanish term structure of interest rates revisited: Cointegration with multiple structural breaks, 1974–2010**

*by*Esteve, Vicente & Navarro-Ibáñez, Manuel & Prats, María A.

**New tips from TIPS: Identifying inflation expectations and the risk premia of break-even inflation**

*by*Zeng, Zheng

**Do FOMC forecasts add value to staff forecasts?**

*by*Ellis, Michael A. & Liu, Dandan

**Inflation ambiguity and the term structure of U.S. Government bonds**

*by*Ulrich, Maxim

**The effect of underreporting on LIBOR rates**

*by*Monticini, Andrea & Thornton, Daniel L.

**Predicting output using the entire yield curve**

*by*Abdymomunov, Azamat

**Quantile cointegration analysis of the Fisher hypothesis**

*by*Tsong, Ching-Chuan & Lee, Cheng-Feng

**Macro-prudential policies to mitigate financial system vulnerabilities**

*by*Claessens, Stijn & Ghosh, Swati R. & Mihet, Roxana

**Friedman's monetary economics in practice**

*by*Nelson, Edward

**Behind closed doors: Revealing the ECB's decision rule**

*by*Hayo, Bernd & Méon, Pierre-Guillaume

**Interest rate pass-through in the EMU – New evidence from nonlinear cointegration techniques for fully harmonized data**

*by*Belke, Ansgar & Beckmann, Joscha & Verheyen, Florian

**What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of risk**

*by*Aizenman, Joshua & Hutchison, Michael & Jinjarak, Yothin

**Real effects of quantitative easing at the zero lower bound: Structural VAR-based evidence from Japan**

*by*Schenkelberg, Heike & Watzka, Sebastian

**Rare event risk and emerging market debt with heterogeneous beliefs**

*by*Dieckmann, Stephan & Gallmeyer, Michael

**Predicting severe simultaneous recessions using yield spreads as leading indicators**

*by*Christiansen, Charlotte

**The term structure of interbank risk**

*by*Filipović, Damir & Trolle, Anders B.

**Why Gaussian macro-finance term structure models are (nearly) unconstrained factor-VARs**

*by*Joslin, Scott & Le, Anh & Singleton, Kenneth J.

**General equilibrium with heterogeneous participants and discrete consumption times**

*by*Vasicek, Oldrich Alfons

**Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply**

*by*D’Amico, Stefania & King, Thomas B.

**Incomplete markets, liquidation risk, and the term structure of interest rates**

*by*Challe, Edouard & Le Grand, François & Ragot, Xavier

**Strategic behavior of Federal Open Market Committee board members: Evidence from members’ forecasts**

*by*Nakazono, Yoshiyuki

**Asymmetry in government bond returns**

*by*Fujiwara, Ippei & Körber, Lena Mareen & Nagakura, Daisuke

**Testing the expectations hypothesis of the term structure with permanent-transitory component models**

*by*Casalin, Fabrizio

**The interbank market after the financial turmoil: Squeezing liquidity in a “lemons market” or asking liquidity “on tap”**

*by*De Socio, Antonio

**The expectations hypothesis: New hope or illusory support?**

*by*Jitmaneeroj, Boonlert & Wood, Andrew

**No-arbitrage Near-Cointegrated VAR(p) term structure models, term premia and GDP growth**

*by*Jardet, Caroline & Monfort, Alain & Pegoraro, Fulvio

**Modelling sovereign credit spreads with international macro-factors: The case of Brazil 1998–2009**

*by*Liu, Zhuoshi & Spencer, Peter

**The information content of Eonia swap rates before and during the financial crisis**

*by*Hernandis, Lucía & Torró, Hipòlit

**The Federal Reserve’s balance sheet and overnight interest rates: Empirical modeling of exit strategies**

*by*Marquez, Jaime & Morse, Ari & Schlusche, Bernd

**The leading indicator property of the term spread and the monetary policy factors in Japan**

*by*Nakaota, Hiroshi & Fukuta, Yuichi

**Policy commitment and market expectations: Lessons learned from survey based evidence under Japan's quantitative easing policy**

*by*Nakazono, Yoshiyuki & Ueda, Kozo

**The contribution of US bond demand to the US bond yield conundrum of 2004–2007: An empirical investigation**

*by*Goda, Thomas & Lysandrou, Photis & Stewart, Chris

**The pricing behaviour of Australian banks and building societies in the residential mortgage market**

*by*Valadkhani, Abbas

**Competition in banks’ lending business and its interference with ECB monetary policy**

*by*Brämer, Patrick & Gischer, Horst & Richter, Toni & Weiß, Mirko

**International Bond Risk Premia**

*by*Dahlquist, Magnus & Hasseltoft, Henrik

**Time-varying monetary-policy rules and financial stress: Does financial instability matter for monetary policy?**

*by*Baxa, Jaromír & Horváth, Roman & Vašíček, Bořek

**The realized forward term premium in the repo market**

*by*Kopchak, Seth J.

**The zero-lower bound on interest rates: Myth or reality?**

*by*Jarrow, Robert A.

**Term structure dynamics with macro-factors using high frequency data**

*by*Kim, Hwagyun & Park, Hail

**Macro-expectations, aggregate uncertainty, and expected term premia**

*by*Dick, Christian D. & Schmeling, Maik & Schrimpf, Andreas

**A survey on time-varying parameter Taylor rule: A model modified with interest rate pass-through**

*by*Yüksel, Ebru & Metin-Ozcan, Kivilcim & Hatipoglu, Ozan

**Monetary policy regimes and the term structure of interest rates**

*by*Bikbov, Ruslan & Chernov, Mikhail

**Testing the predictive power of the term structure without data snooping bias**

*by*Kao, Yi-Cheng & Kuan, Chung-Ming & Chen, Shikuan

**High yield spreads, real economic activity, and the financial accelerator**

*by*De Pace, Pierangelo & Weber, Kyle D.

**An alternative approach to the modelling of interest rate pass through and asymmetric adjustment**

*by*Valadkhani, Abbas & Bollen, Bernard

**Euler equations and money market interest rates: The role of monetary policy and risk premium shocks**

*by*Gareis, Johannes & Mayer, Eric

**Are time preferences for risky outcomes, riskless outcomes and commodities really different?**

*by*Shavit, Tal & Benzion, Uri & Shapir, Offer Moshe & Galil, Koresh

**E-stability in the stochastic Ramsey model**

*by*Evans, George W. & Mitra, Kaushik

**The yield spread puzzle and the information content of SPF forecasts**

*by*Lahiri, Kajal & Monokroussos, George & Zhao, Yongchen

**Measuring the stance of monetary policy in zero lower bound environments**

*by*Krippner, Leo

**How do banks' stock returns respond to monetary policy committee announcements in Turkey? Evidence from traditional versus new monetary policy episodes**

*by*Küçükkocaoğlu, Güray & Ünalmış, Deren & Ünalmış, İbrahim

**Modifying Taylor reaction functions in the presence of the zero‐lower‐bound — Evidence for the ECB and the Fed**

*by*Belke, Ansgar & Klose, Jens

**New evidence of heterogeneous bank interest rate pass-through in the euro area**

*by*Bernhofer, Dominik & van Treeck, Till

**Price and liquidity puzzles of a monetary shock: Evidence from indebted African economies**

*by*Muhanji, Stella & Malikane, Christopher & Ojah, Kalu

**Market anticipation of monetary policy actions and interest rate transmission to US Treasury market rates**

*by*Papadamou, Stephanos

**Forecasting the yield curve and the role of macroeconomic information in Turkey**

*by*Kaya, Huseyin

**Estimating inflation compensation for Turkey using yield curves**

*by*Duran, Murat & Gülşen, Eda

**Dynamic transmission effects between the interest rate, the US dollar, and gold and crude oil prices**

*by*Wang, Yu Shan & Chueh, Yen Ling

**Credibility and monetary transmission channels under inflation targeting: An econometric analysis from a developing country**

*by*Montes, Gabriel Caldas

**Returns-to-scale and the equity premium puzzle**

*by*Dunbar, Geoffrey

**E Pluribus Unum: Macroeconomic modelling for multi-agent economies**

*by*Assenza, Tiziana & Delli Gatti, Domenico

**Productivity shocks, stabilization policies and the dynamics of net foreign assets**

*by*Di Giorgio, Giorgio & Nisticò, Salvatore

**Long-term interest rates, risk premia and unconventional monetary policy**

*by*Jones, Callum & Kulish, Mariano

**Policy change and learning in the RBC model**

*by*Mitra, Kaushik & Evans, George W. & Honkapohja, Seppo

**Is There a Link Between Monetary Policy and Risk Perception in Eastern European Countries Implementing Inflation Targeting Regime?**

*by*Aydan Kansu & Nurtac Yildirim & Oguzhan Ozcelebi

**La estructura temporal de los tipos de interés: conceptos y procedimientos de estimación**

*by*Julián Andrada-Félix & Adrián Fernández-Pérez & Fernando Fernández-Rodríguez

**Modelos de valoración de opciones sobre títulos de renta fija: aplicación al mercado colombiano**

*by*Luis Guillermo Herrera Cardona & Darwin Cárdenas Giraldo

**Brecha del producto y medidas de la tasa de interés neutral para Colombia**

*by*Andrés González & Sergio Ocampo & Julián Pérez & Diego Rodríguez

**Output Gap and Neutral Interest Measures of Colombia**

*by*Andrés González & Segio Ocampo & Julián Pérez & Diego Rodríguez

**The Dangers of an Extended Period of Low Interest Rates: Why the Bank of Canada Should Start Raising Them Now**

*by*Paul R. Masson

**The Dangers of an Extended Period of Low Interest Rates: Why the Bank of Canada Should Start Raising Them Now**

*by*Paul R. Masson

**The European Redemption Pact. An illustrative guide**

*by*Hasan Doluca & Malte Hübner & Dominik Rumpf & Benjamin Weigert

**How to restore sustainability of the euro?**

*by*Kari E.O. Alho

**The OTC interest rate derivatives market in 2013**

*by*Jacob Gyntelberg & Christian Upper

**Interest rate pass-through since the financial crisis**

*by*Anamaria Illes & Marco Jacopo Lombardi

**The Overnight Currency Swap Rates and ISE Overnight Repo Rates**

*by*Doruk KUCUKSARAC & Ozgur OZEL

**Taxa Natural de Juros no Brasil**

*by*Alessandra Ribeiro & Vladimir K. Teles

**An Investigation of the Interest Rate Risk and Exchange Rate Risk of rhe European Financial Sector: Euro Zone Versus Non-Euro Zone Countries**

*by*Amalia DI IORIO & Robert FAFF & Harald SANDER

**Is African Interest-Rate Volatility Susceptible To International Spillovers?**

*by*Scott W. Hegerty

**Shifts in US Federal Reserve Goals and Tactics for Monetary Policy: A Role for Penitence?**

*by*Julio J. Rotemberg

**Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling**

*by*Serena Ng & Jonathan H. Wright

**Exchange Rate Predictability**

*by*Barbara Rossi

**Sovereign Defaults: The Price of Haircuts**

*by*Juan J. Cruces & Christoph Trebesch

**News Shocks and the Slope of the Term Structure of Interest Rates**

*by*Andr? Kurmann & Christopher Otrok

**Unconventional Fiscal Policy at the Zero Bound**

*by*Isabel Correia & Emmanuel Farhi & Juan Pablo Nicolini & Pedro Teles

**The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression**

*by*Christina D. Romer & David H. Romer

**LIBOR: origins, economics, crisis, scandal and reform**

*by*David Hou Author-Name: David Skeie

**fiscal multipliers**

*by*Menzie Chinn

**Aspects And Trends Of Crediting The Romanian Economy In Lei And Foreign Currency During The Pre- And Post-Accession Periods**

*by*Gheorghe ZAMAN

**An Empirical Study on Stabilities of the Predictive Role of the Yield Spread for Future Economic Activity and the Monetary Policy Stance in Japan**

*by*Yuichi Fukuta & Hiroshi Nakaota

**Evidenţe empirice privind cauzele declinului exportului european**

*by*Olteanu Dan

**Schimbările culturale ale postmodernităţii şi posibilele efecte ale acestora asupra inflaţiei**

*by*Birman Andrei

**La ce e bună o inflaţie mai mare? Să eviţi capcana lichidităţii sau să scapi din ea**

*by*Croitoru Lucian

**Interest Rate Rules and Money as an Indicator Variable**

*by*Christina Gerberding & Franz Seitz & Andreas Worms

**Towards a more objective credit rating**

*by*Mehmet ORHAN & Ramazan ALPAY

**Expectativas y prima por riesgo inflacionario con una medida de compensación a la inflación**

*by*Melo, Luis Fernando & Granados, Joan Camilo

**Yield Curve Dynamics of the Indian G-Sec Market: A Macro-Finance Approach**

*by*SAHOO, SATYANANDA & BHATTACHARYYA, INDRANIL

**Euler equations and money market interest rates: The role of monetary and risk premium shocks**

*by*Gareis, Johannes & Mayer, Eric

**EMU, the changing role of public debt and the revival of sovereign credit risk perception**

*by*Schmid, Kai Daniel & Schmidt, Michael

**Circuit theory extended: The role of speculation in crises**

*by*Lancastle, Neil

**Studie zu Dispozinsen / Ratenkrediten - Forschungsvorhaben zur Bereitstellung wissenschaftlicher Entscheidungshilfe für das Bundesministerium für Ernährung, Landwirtschaft und Verbraucherschutz (BMELV)**

*by*Dick, Christian D. & Knobloch, Michael & Al-Umaray, Kerim S. & Jaroszek, Lena & Schröder, Michael & Tiffe, Achim

**An affine multifactor model with macro factors for the German term structure: Changing results during the recent crises**

*by*Halberstadt, Arne & Stapf, Jelena

**The effectiveness of monetary policy in steering money market rates during the financial crisis**

*by*Abbassi, Puriya & Linzert, Tobias

**On measuring the nonlinear effect of interest rates on inflation and output**

*by*Hyeong Ho Moon & Tae-Hwan Kim & Seongho Nah

**On real interest rate persistence: the role of breaks**

*by*Alfred Haug

**The Bulgarian Foreign and Domestic Debt – A No-Arbitrage Macrofinancial View**

*by*Vilimir Yordanov

**Central Bank Reserves and the Yield Curve at the ZLB**

*by*Mirkov, Nikola & Sutter, Barbara

**International Financial Transmission of the US Monetary Policy: An Empirical Assessment**

*by*Mirkov, Nikola

**Gender differences in bank loan access**

*by*Giorgio Calcagnini & Germana Giombini & Elisa Lenti

**The impact of the recent financial crisis on bank loan interest rates and guarantees**

*by*Giorgio Calcagnini & Fabio Farabullini & Germana Giombini

**How to capture the full extent of price stickiness in credit card interest rates?**

*by*Abbas Valadkhani & Sajid Anwar & Amir Arjonandi

**Modelling Australia's Retail Mortgage Rate**

*by*Abbas Valadkhani & Sajid Anwar

**Are No-Ponzi Game and Transversality Conditions Relevant for Public Debt? A Keynesian Appraisal**

*by*Karim Azizi & Nicolas Canry & Jean-Bernard Chatelain & Bruno Tinel

**Decoupling between the Federal Funds Rate and Long-term Interest Rates: Decreasing Effectiveness of Monetary Policy in the U.S**

*by*Hasan Cömert

**The Financial Market Impact of UK Quantitative Easing**

*by*Francis Breedon & Jagjit S. Chadha & Alex Waters

**Estimating and Forecasting the Yield Curve Using a Markov Switching Dynamic Nelson and Siegel Model**

*by*Martin Gonzalez-Rozada & Martin sola & Constantino Hevia & Fabio Spagnolo

**Purchasing Power Parity between the UK and the Euro Area**

*by*Giorgio Canarella & Stephen M. Miller & Stephen K. Pollard

**Estimating Implied Recovery Rates from the Term Structure of CDS Spreads**

*by*Marcin Jaskowski & Michael McAleer

**Asymmetric Adjustments in the Ethanol and Grains Markets**

*by*Chia-Lin Chang & Li-Hsueh Chen & Shawkat Hammoudeh & Michael McAleer

**A Canadian Business Sector Data Base and New Estimates of Canadian TFP Growth**

*by*Diewert, Erwin & Yu, Emily

**Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes**

*by*Gollier, Christian

**Asset pricing with uncertain betas: A long-term perspective**

*by*Gollier, Christian

**Are Swap and Bond Markets Alternatives to Each Other in Turkey?**

*by*Murat Duran & Doruk Kucuksarac

**Efficient simulation of DSGE models with inequality constraints**

*by*Tom Holden & Michael Paetz

**Testing for co-non-linearity**

*by*Håvard Hungnes

**Liquidity Effects of Quantitative Easing on Long-Term Interest Rates**

*by*Signe Krogstrup & Samuel Reynard & Barbara Sutter

**Sovereign Default Risk in the Euro-Periphery and the Euro-Candidate Countries**

*by*Gabrisch, Hurbert & Orlowski, Lucjan & Pusch, Toralf

**The effects of monetary policy shocks in credit and labor markets with search and matching frictions**

*by*Giuseppe Ciccarone & Francesco Giuli & Danilo Liberati

**Endogeneous Risk in Monopolistic Competition**

*by*Vladislav Damjanovic

**E-stability in the Stochastic Ramsey Model**

*by*George W. Evans & Kaushik Mitra

**Fiscal Policy and Learning**

*by*Kaushik Mitra & George W. Evans & Seppo Honkapohja

**Long-run Trends or Short-run Fluctuations – What Establishes the Correlation between Oil and Food Prices?The Interplay of Standardized Tests and Incentives – An Econometric Analysis with Data from PISA 2000 and PISA 2009**

*by*Karoline Krätschel & Torsten Schmidt

**Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data**

*by*Ansgar Belke & Joscha Beckmann & Florian Verheyen

**Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound – Evidence for the ECB and the Fed**

*by*Ansgar Belke & Jens Klose

**A Panel Analysis of the Fisher Effect with an Unobserved I(1) World Real Interest Rate**

*by*G. EVERAERT

**Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data**

*by*Ansgar Belke & Joscha Beckmann & Florian Verheyen

**Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound – Evidence for the ECB and the Fed**

*by*Ansgar Belke & Jens Klose

**Sovereign Risk: A Macro-Financial Perspective**

*by*Das, Udaibir S. & Oliva, Maria A. & Tsuda, Takahiro

**Quantitative Easing: A Sceptical Survey**

*by*Christopher Martin & Costas Milas

**Properties of Foreign Exchange Risk Premiums**

*by*Lucio Sarno & Paul Schneider & Christian Wagner

**Interrelación entre los mercados de derivados y el mercado de bonos soberanos del Perú y su impacto en las tasas de interés**

*by*Choy, Marylin & Cerna, Jorge

**The Financial Market Impact of UK Quantitative Easing**

*by*Francis Breedon & Jagjit S. Chadha & Alex Water

**A Variance Decomposition of Index-Linked Bond Returns**

*by*Francis Breedon

**Serial default and debt renegotiation**

*by*Asonuma, Tamon

**Recent Evidence on the Impact of Federal Government Budget Deficits on the Nominal Long Term Mortgage Interest Rate in the U.S**

*by*Cebula, Richard & Foley, Maggie

**Financial Instability, Uncertainty and Banks’ Lending Behaviour**

*by*Swamy, Vighneswara & S, Sreejesh

**A simple empirical measure of central banks' conservatism**

*by*Levieuge, Grégory & Lucotte, Yannick

**The Role of Bounded Rationality in Macro-Finance Affine Term-Structure Models**

*by*Yun, Tack & Kim, Jinsook & Ko, Eunmi

**Markets Evolution After the Credit Crunch**

*by*Bianchetti, Marco & Carlicchi, Mattia

**Interest Rates Determination and Crisis Puzzle (Empirical Evidence from the European Transition Economies)**

*by*Mirdala, Rajmund

**The change of the value of the RMB and its influences on China**

*by*Wang, Di & Zhou, Ang & Wang, Dong

**Implications of Excess Liquidity in Fiji’s Banking System: An Empirical Study**

*by*Jayaraman, T.K. & Choong, Chee-Keong

**A Simple Interest Rate Model with Unobserved Components: The Role of the Interbank Reference Rate**

*by*Muto, Ichiro

**Dynamic Correlations of Sovereign Bond Yield Spreads in the Euro zone and the Role of Credit Rating Agencies' Downgrades**

*by*Antonakakis, Nikolaos

**Make a bubble, take a free lunch, break a bank**

*by*Kakarot-Handtke, Egmont

**Interest Rates After The Credit Crunch: Multiple-Curve Vanilla Derivatives and SABR**

*by*Marco, Bianchetti & Mattia, Carlicchi

**Sovereign default Risk in the Euro-Periphery and the Euro-Candidate Countries**

*by*Gabrisch, Hubert & Orlowski, Lucjan T. & Pusch, Toralf

**Market expectations of the short rate and the term structure of interest rates: a new perspective from the classic model**

*by*Ye, Xiaoxia

**Variance Ratio Testing for Fractional Cointegration in Presence of Trends and Trend Breaks**

*by*Dechert, Andreas

**The pricing of G7 sovereign bond spreads – the times, they are a-changin**

*by*D'Agostino, Antonello & Ehrmann, Michael

**New Approach to Analyzing Monetary Policy in China**

*by*Petreski, Marjan & Jovanovic, Branimir

**Estimating term structure changes using principal component analysis in Indian sovereign bond market**

*by*Nath, Golaka

**Why price inflation in developed countries is systematically underestimated**

*by*Kitov, Ivan

**Indian corporate bonds market –an analytical prospective**

*by*Nath, Golaka

**A simple empirical measure of central banks' conservatism**

*by*Levieuge, Grégory & Lucotte, Yannick

**Supplementary appendix to "noncausal vector autoregression"**

*by*Lanne, Markku & Saikkonen, Pentti

**Downward-sloping term structure of lease rates: a puzzle**

*by*Seko, Miki & Sumita, Kazuto & Yoshida, Jiro

**The impact of the recent financial crisis on bank loan interest rates and guarantees**

*by*Calcagnini, Giorgio & Farabullini, Fabio & Giombini, Germana

**Profitability of Interest-free vs. Interest-based Banks in Turkey**

*by*Soylu, Ali & Durmaz, Nazif

**Ingham and Keynes on the Nature of Money**

*by*Mark Hayes

**Interest Rate Pass-Through in the Euro Area during the Financial Crisis: a Multivariate Regime-Switching Approach**

*by*David ARISTEI & Manuela Gallo

**The Drivers of Household Over-Indebtedness and Delinquency on Mortgage Loans: Evidence from Italian Microdata**

*by*David ARISTEI & Manuela Gallo

**Fiscal and Financial Determinants of Eurozone Sovereign Spreads**

*by*Giovanni Caggiano & Luciano Greco

**Measuring the stance of monetary policy in zero lower bound environments**

*by*Leo Krippner

**Modifying Gaussian term structure models when interest rates are near the zero lower bound**

*by*Leo Krippner

**Are There Laws of Production?**

*by*Gennady Bilych

**Purchasing Power Parity between the UK and the Euro Area**

*by*Giorgio Canarella & Stephen M. Miller & Stephen K. Pollard

**Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates**

*by*Martin L. Weitzman

**Global House Price Fluctuations: Synchronization and Determinants**

*by*Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones

**Monetary Policy, Liquidity, and Growth**

*by*Philippe Aghion & Emmanuel Farhi & Enisse Kharroubi

**Crisis-Related Shifts in the Market Valuation of Banking Activities**

*by*Charles W. Calomiris & Doron Nissim

**Practical Monetary Policy: Examples from Sweden and the United States**

*by*Lars E.O. Svensson

**Identification and Estimation of Gaussian Affine Term Structure Models**

*by*James D. Hamilton & Jing Cynthia Wu

**Measuring the natural yield curve**

*by*Michał Brzoza-Brzezina & Jacek Kotłowski

**Flights to Safety**

*by*Lieven Baele & Geert Bekaert & Koen Inghelbrecht & Min Wei

**Skewness Risk and Bond Prices**

*by*Francisco Ruge-Murcia

**Skewness Risk and Bond Prices**

*by*RUGE-MURCIA, Francisco J.

**Establishing a Hawkish Reputation: Interest Rate Setting by Newly Appointed Central Bank Governors**

*by*Matthias Neuenkirch

**Inflation Targeting, Credibility, and Non-Linear Taylor Rules**

*by*Matthias Neuenkirch & Peter Tillmann

**Diverse Degrees of Competition within the EMU and their Implications for Monetary Policy**

*by*Patrick Brämer & Horst Gischer & Toni Richter & Mirko Weiß

**Estimating implied recovery rates from the term structure of CDS spreads**

*by*Marcin Jaskowski & Michael McAleer

**Varieties of Economic Growth Regimes, Types of Macroeconomic Policies, and Policy Regime: A Post-Keynesian Analysis**

*by*Hiroshi Nishi

**Regional interest rate pass-through in Italy**

*by*Alberto Montagnoli & Oreste Napolitano & Boriss Siliverstovs

**Do Good Institutions Promote Counter-Cyclical Macroeconomic Policies?**

*by*César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel

**Design and Estimation of a Quadratic Term Structure Model with a Mixture of Normal Distributions**

*by*Kentaro Kikuchi

**Exceso de Toma de Riesgo Crediticio en Chile**

*by*Carlos Garcia & Andrés Sagner

**Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes**

*by*Gollier, Christian

**Asset pricing with uncertain betas: A long-term perspective**

*by*Gollier, Christian

**Some Comments on a Macro-Finance Model with Stochastic Volatility**

*by*Márcio Laurini & João Frois Caldeira

**A Hybrid Data Cloning Maximum Likelihood Estimator for Stochastic Volatility Models**

*by*Márcio Laurini

**EMU and the Renaissance of Sovereign Credit Risk Perception**

*by*Kai Daniel Schmid & Michael Schmidt

**Common factors in credit defaults swaps markets**

*by*Yi-Hsuan Chen & Wolfgang Karl Härdle & &

**Heterogeneous impatience and dynamic inconsistency**

*by*Hara, Chiaki

**Essays on Credit Markets and Banking**

*by*Holmberg, Ulf

**Error Corrected Disequilibrium**

*by*Holmberg, Ulf

**Fiscal policy and learning**

*by*Mitra, Kaushik & Evans, George W. & Honkapohja , Seppo

**Deriving the Taylor Principle when the Central Bank Supplies Money**

*by*Ceri Davies & Max Gillman & Michal Kejak

**Expected and unexpected bond excess returns: Macroeconomic and market microstructure effects**

*by*Fricke, Christoph

**Time Series Behaviour of the Real Interest Rates in Transition Economies**

*by*Pelin Oge Guney & Erdinc Telatar & Mubariz Hasanov

**E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies**

*by*Tiziana Assenza & Domenico Delli Gatti

**Development of the Banking Sector in Russia in 2011**

*by*Mikhail Khromov & Alexey Vedev

**Does the halo effect still hold? Implications for the euro-candidates from the analysis of the EA bond market - the crisis perspective**

*by*Agnieszka Szczypińska

**Endogeneous Risk in Monopolistic Competition**

*by*Vladislav Damjanovic

**Measuring the stance of monetary policy in zero lower bound environments**

*by*Leo Krippner

**A theoretical foundation for the Nelson and Siegel class of yield curve models**

*by*Leo Krippner

**Modifying Gaussian term structure models when interest rates are near the zero lower bound (this is a revised version of CAMA working paper 36/2011)**

*by*Leo Krippner

**Determinants of bank interest spread in Estonia**

*by*Kadri Männasoo

**ï»¿Sovereign Risk : A Macro-Financial Perspective**

*by*Udaibir S. Das & Maria A. Oliva & Takahiro Tsuda

**ï»¿Sovereign Risk : A Macro-Financial Perspective**

*by*Udaibir S. Das & Maria A. Oliva & Takahiro Tsuda

**Liquidity Regulation, Funding Costs and Corporate Lending**

*by*Clemens Bonner

**The Original Operation Twist: The War Finance Corporation's War Bond Purchase, 1918-1920**

*by*James L. Butkiewicz & Mihaela Solcan

**Persistence and Cycles in the US Federal Funds Rate**

*by*Guglielmo Maria Caporale & Luis A. Gil-Alana

**Interest Rate Pass-through in the EMU: New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data**

*by*Ansgar Belke & Joscha Beckmann & Florian Verheyen

**Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound: Evidence for the ECB and the Fed**

*by*Ansgar Belke & Jens Klose

**Forecasting Interest Rates with Shifting Endpoints**

*by*Dick van Dijk & Siem Jan Koopman & Michel van der Wel & Jonathan H. Wright

**Regional Interest Rate Variations: Evidence from the Indonesian Credit Markets**

*by*Masagus M. Ridhwan & Henri L.F. de Groot & Piet Rietveld & Peter Nijkamp

**The Impact of the LCR on the Interbank Money Market**

*by*Bonner, C. & Eijffinger, S.C.W.

**The Cross-Section and Time-Series of Stock and Bond Returns**

*by*Koijen, Ralph & Lustig, Hanno & van Nieuwerburgh, Stijn

**The ECB as Lender of Last Resort for Sovereigns in the Euro Area**

*by*Buiter, Willem H. & Rahbari, Ebrahim

**Monetary policy responses to oil price fluctuations**

*by*Bodenstein, Martin & Guerrieri, Luca & Kilian, Lutz

**Policy Change and Learning in the RBC Model**

*by*Evans, George W. & Honkapohja, Seppo & Mitra, Kaushik

**Fiscal Policy and Learning**

*by*Evans, George W. & Honkapohja, Seppo & Mitra, Kaushik

**Inside Liquidity in Competitive Markets**

*by*Michiel Bijlsma & Andrei Dubovik & Gijsbert Zwart

**Hipótesis de Fisher y cambio de régimen en Colombia: 1990 - 2010**

*by*Madeleine Gil Ángel & Jacobo Campo Robledo

**Señales de política monetaria y movimientos en la estructura a plazo de la tasa de interés en Colombia**

*by*Freddy H. CASTRO

**Output gap and Neutral interest measures for Colombia**

*by*Andrés González & Sergio Ocampo & Julián Pérez & Diego Rodríguez

**Macroeconomic Effects of Structural Fiscal Policy Changes in Colombia**

*by*Hernando Vargas & Andrés González & Ignacio Lozano

**Measuring Sovereign Bond Spillover in Europe and the Impact of Rating News**

*by*Peter Claeys & Borek Vasicek

**The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments?**

*by*Urszula Szczerbowicz

**Evaluation of Long-Dated Investments under Uncertain Growth Trend, Volatility and Catastrophes**

*by*Christian Gollier

**Asset Pricing Implications of a New Keynesian Model: A Note**

*by*Burkhard Heer & Torben Klarl & Alfred Maussner

**Persistence and Cycles in the US Federal Funds Rate**

*by*Guglielmo Maria Caporale & Luis A. Gil-Alana

**Liquidity, Term Spreads and Monetary Policy**

*by*Yunus Aksoy & Henrique S. Basso

**The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis**

*by*Nikolay Hristov & Oliver Hülsewig & Timo Wollmershäuser

**The Yield Spread Puzzle and the Information Content of SPF Forecasts**

*by*Kajal Lahiri & George Monokroussos & Yongchen Zhao

**Deriving the Taylor Principle when the Central Bank Supplies Money**

*by*Davies, Ceri & Gillman, Max & Kejak, Michal

**Persistent Habits, optimal Monetary Policy Inertia and Interest Rate Smoothing**

*by*Corrado, L. & Holly, S. & Raissi, M.

**How do banks respond to increased funding uncertainty?**

*by*Ritz, R. A.

**Determinants of Short-term Consumer Lending Interest Rates**

*by*Richard W. Evans

**The Financial Crisis and the Changing Dynamics of the Yield Curve**

*by*Morten L. Bech & Yvan Lengwiler

**A DSGE model with Endogenous Term Structure**

*by*M. Falagiarda & M. Marzo

**Bonds Transaction Services and the Term Structure of Interest Rates: Implications for Equilibrium Determinacy**

*by*M. Marzo & P. Zagaglia

**QE and the gilt market: a disaggregated analysis**

*by*Daines, Martin & Joyce, Michael & Tong, Matthew

**The relation between banks' funding costs, retail rates and loan volumes: An analysis of Norwegian bank micro data**

*by*Arvid Raknerud & Bjørn Helge Vatne

**Equity Capital, Bankruptcy Risk and the Liquidity Trap**

*by*Oren Levintal

**Speculative Dynamics in the Term Structure of Interest Rates**

*by*Kristoffer Nimark

**Tails of Inflation Forecasts and Tales of Monetary Policy**

*by*Andrade, P. & Ghysels, E. & Idier, J.

**Generalizing the Taylor Principle: New Comment**

*by*Barthélemy, J. & Marx, M.

**A model of the euro-area yield curve with discrete policy rates**

*by*Renne, J-P.

**Breakeven inflation rates and their puzzling correlation relationships**

*by*Cette, G. & De Jong, M.

**How do anticipated changes to short-term market rates influence banks' retail interest rates? Evidence from the four major euro area economies**

*by*Banerjee, A. & Bystrov, V. & Mizen, P.

**A term structure model with level factor cannot be realistic and arbitrage free**

*by*Dubecq , S. & Gourieroux , C.

**Recent estimates of sovereign risk premia for euro-area countries**

*by*Antonio Di Cesare & Giuseppe Grande & Michele Manna & Marco Taboga

**Liquidity, term spreads and monetary policy**

*by*Yunus Aksoy & Henrique S. Basso

**An International Dynamic Term Structure Model with Economic Restrictions and Unspanned Risks**

*by*Gregory H. Bauer & Antonio Diez de los Rios

**Estimating the Policy Rule from Money Market Rates when Target Rate Changes Are Lumpy**

*by*Jean-Sébastien Fontaine

**Forecasting Inflation and the Inflation Risk Premiums Using Nominal Yields**

*by*Bruno Feunou & Jean-Sébastien Fontaine

**Liquidity, Term Spreads and Monetary Policy**

*by*Yunus Aksoy & Henriqu S Basso

**Did federal funds target rate changes affect the market value of insurance compagnies?**

*by*DE CEUSTER, Marc J.K. & LI, Jie & ZHANG, Hairui

**Euro Integration Reserve Currency?**

*by*Ana Filipa Dias & António Portugal Duarte

**New Paradigms in Monetary Theory and Policy?**

*by*Morten Balling & David T. Llewellyn & Athanasios Orphanides & Luc Coene & Andy Haldane & Richard Davies & Dramane Coulibaly & Hubert Kempf & Nicola Brink & Michael Kock & Amund Holmsen & Øistein Røisland & Guonan Ma & Robert N. McCauley & Fabio C.Bagliano & Claudio Morana & Wim Boonstra & Tobias C. Michalak & Philipp C. Rother

**Circuit theory extended: The role of speculation in crises**

*by*Lancastle, Neil

**Deposit Rate and Lending Rate in Jordan, Which leads Which? A Cointegration Analysis**

*by*Osama D. Sweidan

**Koszty w cyklu koniunktury [Costs in a Business Cycle]**

*by*Maria Drozdowicz-Bieć

**The Public Debt Of Countries From Euro Zone. The Snowball Effect**

*by*Radulescu, Andrei

**Interest rate in an "econom-ethic" perspective**

*by*Giuseppe Garofalo

**Measuring market inflation expectations**

*by*Will Devlin & Deepika Patwardhan

**The Monetary Transmission Mechanism In Polish Economy**

*by*Adam Waszkowski

**The Monetary Transmission Mechanism In Polish Economy**

*by*Adam Waszkowski

**The Debate over Sovereign Risk, Safe Assets, and the Risk-Free Rate: What are the Implications for Sovereign Issuers?**

*by*Hans J. Blommestein

**Interest Rates Determination And Crisis Puzzle (Empirical Evidence From The European Transition Economies)**

*by*Rajmund MIRDALA

**Demand for Reserves and the Central Bank's Management of Interest Rates**

*by*Sébastien Kraenzlin & Martin Schlegel

**Taylor Principle Supplements the Fisher Effect: Empirical Investigation under the US Context**

*by*Mohammed Saiful ISLAM & Mohammad Hasmat ALI

**On the Effects of Rare Disasters and Uncertainty Shocks for Risk Premia in Non-Linear DSGE Models**

*by*Martin Andreasen

**Bond Risk Premiums and Optimal Monetary Policy**

*by*Francisco Palomino

**Fricciones financieras y el diferencial de tasas de interés en una economía dolarizada**

*by*Vega, Hugo

**Is it Possible to Predict the CNB Repo Rate on the Basis of the Backward-Looking Monetary Rule?**

*by*Josef Arlt & Martin Mandel

**Monetary Aggregates - Instrument of the Policy Promoted by the National Bank of Romania**

*by*Coralia Emilia Popa

**Some Critical Aspects on Monetary Maastricht Convergence Criteria**

*by*Bucur Iulia Andreea & Stângaciu Oana Ancuþa

**Analyzing The European Market Of Interest Rate Swap Indices**

*by*Trenca Ioan & Mutu Simona & Petria Nicolae

**The Correlation Between The Exchange Rate And The Direct Foreign Investments**

*by*Halmi Mirela

**Euro Adoption – The Illusion Of The Monetary Integration Of Romania**

*by*Cristina Duhnea & Silvia Ghita-Mitrescu & Diane Paula Corina Vancea

**Extracting Deflation Probability Forecasts from Treasury Yields**

*by*Jens H.E. Christensen & Jose A. Lopez & Glenn D. Rudebusch

**The News Content of Macroeconomic Announcements: What if Central Bank Communication Becomes Stale?**

*by*Michael Ehrmann & David Sondermann

**Estimating Inflation Expectations with a Limited Number of Inflation-Indexed Bonds**

*by*Richard Finlay & Sebastian Wende

**Relationship Between GDP, Inflation and Real Interest Rate with Exchange Rate Fluctuation of African Countries**

*by*Qaisar Abbas & Javid Iqbal & Ayaz

**Il ruolo della BCE nella crisi economica in Europa**

*by*Vincenzo Maffeo

**Imprese innovative ed accesso al credito. Un’indagine empirica**

*by*Andrea Bellucci & Ilario Favaretto & Germana Giombini

**Borrowing Cost as a Crucial Factor for Sustainable Fiscal Consolidation & for Exiting the Current Crisis**

*by*Sotirios Theodoropoulos

**El modelo de la determinación de la renta, el interés y el dinero en Germán Bernácer**

*by*José Villacís González

**On Depth and Retrospect: “I Forget, and Forgive – but I Discount”**

*by*Ana Paula Martins

**A Bayesian interpretation of the Federal Reserve's dual mandate and the Taylor Rule**

*by*Putnam, Bluford H. & Azzarello, Samantha

**Monetary policy credibility: A Phillips curve view**

*by*Malikane, Christopher & Mokoka, Tshepo

**The causal structure of bond yields**

*by*Wang, Zijun

**Interest rate pass-through in Portugal: Interactions, asymmetries and heterogeneities**

*by*Rocha, Manuel Duarte

**The single monetary policy and domestic macro-fundamentals: Evidence from Spain**

*by*Arghyrou, Michael G. & Gadea, Maria Dolores

**The effectiveness of monetary policy in steering money market rates during the financial crisis**

*by*Abbassi, Puriya & Linzert, Tobias

**Common trends and common cycles among interest rates of the G7-countries**

*by*Lindenberg, Nannette & Westermann, Frank

**Monetary information and monetary policy decisions: Evidence from the euroarea and the UK**

*by*Chevapatrakul, Thanaset & Kim, Tae-Hwan & Mizen, Paul

**Sovereign risk premiums in the European government bond market**

*by*Bernoth, Kerstin & von Hagen, Jürgen & Schuknecht, Ludger

**Investor yield and gross underwriting spread comparisons among U.S. dollar domestic, Yankee, Eurodollar, and global bonds**

*by*Resnick, Bruce G.

**The term structure of inflation expectations**

*by*Chernov, Mikhail & Mueller, Philippe

**Properties of foreign exchange risk premiums**

*by*Sarno, Lucio & Schneider, Paul & Wagner, Christian

**The exchange rate as nominal anchor: A test for Ukraine**

*by*Conway, Patrick

**New measures of monetary policy surprises and jumps in interest rates**

*by*León, Ángel & Sebestyén, Szabolcs

**Banking crises and market discipline: International evidence**

*by*Cubillas, Elena & Fonseca, Ana Rosa & González, Francisco

**Forecasting government bond yields with large Bayesian vector autoregressions**

*by*Carriero, Andrea & Kapetanios, George & Marcellino, Massimiliano

**Level, slope, curvature of the sovereign yield curve, and fiscal behaviour**

*by*Afonso, António & Martins, Manuel M.F.

**Interest rate co-movements, global factors and the long end of the term spread**

*by*Byrne, Joseph P. & Fazio, Giorgio & Fiess, Norbert

**Models of the yield curve and the curvature of the implied forward rate function**

*by*Yallup, Peter J.

**Interest rate expectations and uncertainty during ECB Governing Council days: Evidence from intraday implied densities of 3-month EURIBOR**

*by*Vergote, Olivier & Puigvert Gutiérrez, Josep Maria

**The EMU sovereign-debt crisis: Fundamentals, expectations and contagion**

*by*Arghyrou, Michael G. & Kontonikas, Alexandros

**Asymmetric dynamics in correlations of treasury and swap markets: Evidence from the US market**

*by*Toyoshima, Yuki & Tamakoshi, Go & Hamori, Shigeyuki

**The determinants of sovereign credit spread changes in the Euro-zone**

*by*Oliveira, Luís & Curto, José Dias & Nunes, João Pedro

**Forecast rationality and monetary policy frameworks: Evidence from UK interest rate forecasts**

*by*Chortareas, Georgios & Jitmaneeroj, Boonlert & Wood, Andrew

**Linking the interest rate swap markets to the macroeconomic risk: The UK and us evidence**

*by*Azad, A.S.M. Sohel & Fang, Victor & Hung, Chi-Hsiou

**Asymmetric adjustments in the ethanol and grains markets**

*by*Chang, Chia-Lin & Chen, Li-Hsueh & Hammoudeh, Shawkat & McAleer, Michael

**An estimated DSGE model: Explaining variation in nominal term premia, real term premia, and inflation risk premia**

*by*Andreasen, Martin M.

**The time-varying integration of euro area government bond markets**

*by*Pozzi, Lorenzo & Wolswijk, Guido

**Monetary policy in a small open economy with fixed exchange rate: The case of Macedonia**

*by*Jovanovic, Branimir & Petreski, Marjan

**Heterogeneity in bank pricing policies: The Czech evidence**

*by*Horváth, Roman & Podpiera, Anca

**Term structure models and the zero bound: An empirical investigation of Japanese yields**

*by*Kim, Don H. & Singleton, Kenneth J.

**Identification and estimation of Gaussian affine term structure models**

*by*Hamilton, James D. & Wu, Jing Cynthia

**Fiscal and financial determinants of Eurozone sovereign spreads**

*by*Caggiano, Giovanni & Greco, Luciano

**Forecasting the yield curve for the Euro region**

*by*Tabak, B.M. & Sollaci, A.B. & Gomes, G.M. & Cajueiro, D.O.

**Cross-checking optimal monetary policy with information from the Taylor rule**

*by*Tillmann, Peter

**Fractional integration and the volatility of UK interest rates**

*by*Coleman, Simeon & Sirichand, Kavita

**A variance decomposition of index-linked bond returns**

*by*Breedon, Francis

**Measuring the impact of monetary policy on asset prices in Turkey**

*by*Duran, Murat & Özcan, Gülserim & Özlü, Pınar & Ünalmış, Deren

**Euler equations and monetary policy**

*by*Collard, Fabrice & Dellas, Harris

**A risk-driven approach to exchange rate modelling**

*by*Kębłowski, Piotr & Welfe, Aleksander

**Debt, interest rates, and integration of financial markets**

*by*Claeys, Peter & Moreno, Rosina & Suriñach, Jordi

**The role of model uncertainty and learning in the US postwar policy response to oil prices**

*by*Rondina, Francesca

**Do credit market shocks drive output fluctuations? Evidence from corporate spreads and defaults**

*by*Meeks, Roland

**Evolving macroeconomic perceptions and the term structure of interest rates**

*by*Orphanides, Athanasios & Wei, Min

**The yield curve and the macro-economy across time and frequencies**

*by*Aguiar-Conraria, Luís & Martins, Manuel M.F. & Soares, Maria Joana

**The interest rate–inflation relationship under an inflation targeting regime: The case of Turkey**

*by*Kose, Nezir & Emirmahmutoglu, Furkan & Aksoy, Sezgin

**Policy rate pass-through and the adjustment of retail interest rates: Empirical evidence from Malaysian financial institutions**

*by*Zulkhibri, Muhamed

**Does Uncovered Interest Rate Parity Hold in Turkey?**

*by*Özcan Karahan & Olcay Çolak

**Efecto traspaso de tasas de interés: análisis econométrico de los efectos de las decisiones de política monetaria en República Dominicana**

*by*Julio Gabriel Andújar Scheker

**¿Responde el Banco de la República a los movimientos en la tasa de cambio real?**

*by*Egberto Alexander Riveros Saavedra

**Dinámica de la política monetaria e inflación objetivo en Colombia: una aproximación FAVAR**

*by*Andrés Felipe Londoño & Jorge Andrés Tamayo & Carlos Alberto Velásquez

**The role of financial sector competition for monetary policy**

*by*Edgar A. Ghossoub & Thanarak Laosuthi & Robert R. Reed

**Regionale Zinspolitik**

*by*Reiner Peter Hellbrück

**Die Zinslast des Bundes**

*by*Christian Breuer & Daniel Mannfeld & Niklas Potrafke

**Investissement, contraintes financières et fluctuations macroéconomiques**

*by*Miguel Casares & Jean-Christophe Poutineau

**On the liquidity coverage ratio and monetary policy implementation**

*by*Morten Bech & Todd Keister

**Taylor rules and monetary policy: a global "Great Deviation"?**

*by*Boris Hofmann & Bilyana Bogdanova

**Countercyclical policies in emerging markets**

*by*Elod Takáts

**The Effect Of Short Term Interest Rates On Long Term Interest Rates In Turkey (2002-2011)**

*by*Ahmet SENGONUL & Sabri GENC

**Revisiting Bank Pricing Policies in Brazil: Evidence from Loan and Deposit Markets**

*by*Leonardo S. Alencar

**Larger than One Probabilities in Mathematical and Practical Finance**

*by*Mark Burgin & Gunter Meissner

**The Reference Interest Rate And It’S Role In Economy**

*by*Coralia Emilia Popa

**Retrospectives: Irving Fisher's Appreciation and Interest (1896) and the Fisher Relation**

*by*Robert W. Dimand & Rebeca Gomez Betancourt

**Macroeconomics and the Term Structure**

*by*Refet S. G�rkaynak & Jonathan H. Wright

**Why Are Target Interest Rate Changes So Persistent?**

*by*Olivier Coibion & Yuriy Gorodnichenko

**Are the Effects of Monetary Policy Shocks Big or Small?**

*by*Olivier Coibion

**The Optimal Conduct of Monetary Policy with Interest on Reserves**

*by*Anil K. Kashyap & Jeremy C. Stein

**The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks**

*by*Glenn D. Rudebusch & Eric T. Swanson

**A Disequilibrium Model of the Interest Rate**

*by*Santos, Rui

**Risk and Macroeconomic Activity**

*by*James Peery Cover

**Canadian Interest Rate Setting: The Information Content of Canadian and U.S. Central Bank Communication**

*by*Bernd Hayo & hayo@wiwi.uni-marburg.de & Matthias Neuenkirch

**Mean Reversion in the Real Interest Rate and the Effects of Calculating Expected Inflation**

*by*Onsurang Norrbin & Aaron D. Smallwood

**The Pricing of the Option Implicitly Granted by the Italian Treasury to the Specialists in the Reserved Auction Reopening**

*by*Chiara Coluzzi

**Interest Rates After the Credit Crunch: Markets and Models Evolution**

*by*Bianchetti, Marco & Carlicchi, Mattia

**Regaining Financial Stability: Taming Financial Markets Is a Must – a Focus on NMSs**

*by*Dăianu Daniel

**Cointegrated VARMA models and forecasting US interest rates**

*by*Christian Kascha & Carsten Trenkler

**Monetary policy and TIPS yields before the crisis**

*by*Gerlach, Stefan & Moretti, Laura

**Monetary transmission right from the start: On the information content of the eurosystem's main refinancing operations**

*by*Abbassi, Puriya & Nautz, Dieter

**Subordinated alpha-stable Ornstein-Uhlenbeck process as a tool for financial data description**

*by*Joanna Janczura & Sebastian Orzel & Agnieszka Wylomanska

**A Risk-Driven Approach to Exchange-Rate Modelling**

*by*Piotr Keblowski & Aleksander Welfe

**The effect of monetary policy on investors’ risk perception: Evidence from the UK and Germany**

*by*Dan Luo & Iris Biefang-Frisancho Mariscal & Peter Howells

**Stochastic Correlation and Risk Premia in Term Structure Models**

*by*Carl Chiarella & Chih-Ying Hsiao & Thuy-Duong To

**Affine Term Structure Constraints on Euribor data**

*by*Giulio Tarditi

**Exploring Survey-Based Inflation Forecasts**

*by*Luis Gil-Alana & Antonio Moreno & Fernando Pérez de Gracia

**Quantitative Easing: A Keynesian Critique**

*by*Thomas I. Palley

**The Dynamics of Energy-Grain Prices with Open Interest**

*by*Shawkat Hammoudeh & Soodabeh Sarafrazi & Chia-Lin Chang & Michael McAleer

**Monetary Policy Rules and Financial Stress: Does Financial Instability Matter for Monetary**

*by*Jaromír Baxa & Roman Horváth & Borek Vasícek

**Turkiye Icin Getiri Egrileri Kullanilarak Enflasyon Telafisi Tahmin Edilmesi**

*by*Murat Duran & Eda Gulsen & Refet Gurkaynak

**Identification of Monetary Policy in SVAR Models: A Data-Oriented Perspective**

*by*Matteo Fragetta & Giovanni Melina

**Bargaining Power in the Repo Market**

*by*Sébastien Philippe Kraenzlin & Benedikt von Scarpatetti

**Mortgage Rate Pass-Through in Switzerland**

*by*Iva Cecchin

**Policy Change and Learning in the RBC Model**

*by*Kaushik Mitra & George W. Evans & Seppo Honkapohja

**No-Arbitrage One-Factor Models of the South African Term-Structure of Interest Rates**

*by*Peter Aling & Shakill Hassan

**Political Business Cycles and Monetary Policy Revisited – An Application of a Two-Dimensional Asymmetric Taylor Reaction Function**

*by*Jens Klose

**Does Monetary Policy Affect Stock Market Uncertainty? – Empirical Evidence from the United States**

*by*Mario Jovanovic

**A Disequilibrium Model Of The Interest Rate**

*by*Santos, Rui

**Impact of US Quantitative Easing Policy on Emerging Asia**

*by*Morgan, Peter J.

**Equilibrium Selection in a Cashless Economy with Transaction Frictions in the Bond Market**

*by*Massimiliano Marzo & Paolo Zagaglia

**Forecasting Long-Term Interest Rates with a Dynamic General Equilibrium Model of the Euro Area: The Role of the Feedback**

*by*Paolo Zagaglia

**How to Restore Sustainability of the Euro?**

*by*Alho, Kari E.O.

**Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy**

*by*Callum Jones & Mariano Kulish

**Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds**

*by*Richard Finlay & Sebastian Wende

**Elastic Money, Inflation, and Interest Rate Policy**

*by*Allen Head & Junfeng Qiu

**Moment conditions model averaging with an application to a forward-looking monetary policy reaction function**

*by*Luis F. Martins

**Determinants of the EONIA spread and the financial crisis**

*by*Carla Soares & Paulo M.M. Rodrigues

**Identifying the Liquidity Effects of Monetary Policy Shocks For a Small Open Economy: Turkey**

*by*Berument, Hakan & Togay, Selahattin & Sahin, Afsin

**Animal spirits, liquidity-preference and Keynesian behavioural macroeconomics: An intertemporal framework**

*by*Koutsobinas, Theodore

**The Zeeman Effect in Finance: Libor Spectroscopy and Basis Risk Management**

*by*Marco, Bianchetti

**The impact of the financial crisis on the interbank money markets behavior. Evidence from several CEE transition economies**

*by*Mutu, Simona & Breşfelean, Vasile Paul & Göndör, Mihaela

**Theory and empirics of an affine term structure model applied to European data**

*by*Jakas, Vicente

**The Exchange Rate and Interest Rate Differential Relationship: Evidence from Two Financial Crises**

*by*Li, Kui-Wai & Wong, Douglas K T

**A New-Keynesian model of the yield curve with learning dynamics: A Bayesian evaluation**

*by*Dewachter, Hans & Iania, Leonardo & Lyrio, Marco

**Non-linear convergence in Asian interest rates and inflation rates**

*by*Kisswani, Khalid/ M. & Nusair, Salah/ A.

**The risk-taking channel of monetary policy in the USA: Evidence from micro-level data**

*by*Delis, Manthos D & Hasan, Iftekhar & Mylonidis, Nikolaos

**Are domestic banks' pass through higher than foreign banks? Empirical evidence from Pakistan**

*by*Mohsin, Hasan Muhammad & Rivers, P

**Equilibrium selection in a cashless economy with transaction frictions in the bond market**

*by*Marzo, Massimiliano & Zagaglia, Paolo

**Impact of Monetary Policy on the Volatility of Stock Market in Pakistan**

*by*Qayyum, Abdul & Anwar, Saba

**The pure logic of value, profit, interest**

*by*Kakarot-Handtke, Egmont

**Predicting Output and Inflation in Less Developed Financial Markets Using the Yield Curve: Evidence from Malaysia**

*by*Abdul Majid, Muhamed Zulkhibri

**Quantitative and credit easing policies at the zero lower bound on the nominal interest rate**

*by*Dai, Meixing

**Are Dynamically Inefficient Equilibria Learnable?**

*by*John Duffy

**Microcrédito Y Crecimiento Regional En El Perú**

*by*Guivanna Aguilar

**Estimation Of A Time Varying Natural Interest Rate For Peru**

*by*Alberto Humala & Gabriel Rodríguez

**Trend Inflation, Wage Indexation, and Determinacy in the U.S**

*by*Guido Ascari & Nicola Branzoli & Efrem Castelnuovo

**Explaining the Interest-Rate-Growth Differential Underlying Government Debt Dynamics**

*by*David Turner & Francesca Spinelli

**Interest Rate Pass-through During the Global Financial Crisis: The Case of Sweden**

*by*Niels-Jakob Harbo Hansen & Peter Welz

**Principles and Trade-Offs when Making Issuance Choices in the UK**

*by*OECD

**Credit Default Swaps and Sovereign Debt Markets**

*by*M. Kabir Hassan & Geoffrey M. Ngene & Jung Suk-Yu

**Determinants of Credit Default Swaps in International Markets**

*by*M. Kabir Hassan & Thiti S. Ngow & Jung Suk-Yu

**Fractional integration and the volatility of UK interest rates**

*by*Simeon Coleman and Kavita Sirichand

**Persistent Liquidity Effects and Long Run Money Demand**

*by*Fernando E. Alvarez & Francesco Lippi

**Equity Yields**

*by*Jules H. van Binsbergen & Wouter Hueskes & Ralph Koijen & Evert B. Vrugt

**What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk**

*by*Joshua Aizenman & Michael M. Hutchison & Yothin Jinjarak

**What does Monetary Policy do to Long-Term Interest Rates at the Zero Lower Bound?**

*by*Jonathan H. Wright

**Risk, Monetary Policy and the Exchange Rate**

*by*Gianluca Benigno & Pierpaolo Benigno & Salvatore Nisticò

**The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment**

*by*James D. Hamilton & Jing Cynthia Wu

**Testable Implications of Affine Term Structure Models**

*by*James D. Hamilton & Jing Cynthia Wu

**Pride Goes Before a Fall: Federal Reserve Policy and Asset Markets**

*by*Carmen M. Reinhart & Vincent Reinhart

**Monetary policy in a non-representative agent economy: A survey**

*by*Michał Brzoza-Brzezina & Marcin Kolasa & Grzegorz Koloch & Krzysztof Makarski & Michal Rubaszek

**Determinants of credit to households in a life-cycle model**

*by*Michal Rubaszek & Dobromil Serwa

**Behind closed doors: Revealing the ECB’s Decision Rule**

*by*Bernd Hayo & Pierre-Guillaume Méon

**Cross-Checking Optimal Monetary Policy with Information from the Taylor Rule**

*by*Peter Tillmann

**What’s in a Second Opinion? Shadowing the ECB and the Bank of England**

*by*Matthias Neuenkirch & Pierre Siklos

**Reputation and Forecast Revisions: Evidence from the FOMC**

*by*Peter Tillmann

**Are Unconventional Monetary Policies Effective?**

*by*Urszula Szczerbowicz

**Monetary Policy, Liquidity Stress and Learning Dynamics**

*by*Stefano Marzioni

**Productivity Shocks, Stabilization Policies and the Dynamics of Net Foreign Assets**

*by*Giorgio Di Giorgio & Salvatore Nistico'

**Financial Intermediation in an Overlapping Generations Model with Transaction Costs**

*by*Jos van Bommel & Augusto Hasman & Margarita Samartin

**Financial Intermediation in an Overlapping Generations Model with Transaction Costs**

*by*Jos van Bommel & Augusto Hasman & Margarita Samartin

**Housing and Banking in a Small Open Economy DSGE Model**

*by*Viktors Ajevskis & Kristine Vitola

**Is There Room for Bulls, Bears, and States in the Circuit?**

*by*L. Randall Wray

**Fractional integration and the volatility of UK interest rates**

*by*Simeon Coleman & Kavita Sirichand

**The Forward Rate Premium Puzzle: A Resolution?**

*by*Stephen Hall & P. A. V. B. Swamy & George S. Tavlas & Amangeldi Kenjegaliev

**Volatility, Money Market Rates, and the Transmission of Monetary Policy**

*by*Seth B. Carpenter & Selva Demiralp

**Demasking the impact of microfinance**

*by*Helke Waelde

**The safe are rationed, the risky not – an extension of the Stiglitz-Weiss model**

*by*Helke Waelde

**To switch or not to switch - Can individual lending do better in microfinance than group lending?**

*by*Helke Waelde

**What Might Central Banks Lose or Gain in Case of Euro Adoption – A GARCH-Analysis of Money Market Rates for Sweden, Denmark and the UK**

*by*Herbert S. Buscher & Hubert Gabrisch

**Fiscal policy, trigger points and interest rates: Additional evidence from the U.S**

*by*Gerhard Reitschuler & Rupert Sendlhofer

**Policy Commitment and Market Expectations: Lessons Learned from Survey Based Evidence under Japan's Quantitative Easing Policy**

*by*Yoshiyuki Nakazono & Kozo Ueda

**Crédito, Exceso de Toma de Riesgo, Costo del Crédito y Ciclo Económico en Chile**

*by*Carlos Garcia & Andrés Sagner

**Monetary Policy, Determinacy, and the Natural Rate Hypothesis**

*by*Alexander Meyer-Gohde

**Mean-Variance Cointegration and the Expectations Hypothesis**

*by*Till Strohsal & Enzo Weber

**Sticky Information and Determinacy**

*by*Alexander Meyer-Gohde

**A Macro-Finance Approach to Exchange Rate Determination**

*by*Yu-chin Chen & Kwok Ping Tsang

**Combining liquidity usage and interest rates on overnight loans: an oversight indicator**

*by*Laine, Tatu & Nummelin, Tuomas & Snellman, Heli

**Policy change and learning in the RBC model**

*by*Mitra , Kaushik & Evans , George W. & Honkapohja , Seppo

**Expected fiscal policy and interest rates in open economy**

*by*Salvatore Dell’Erba, Sergio Sola

**Are unconventional monetary policies effective?**

*by*Urszula Szcserbowicz &

**The EMU sovereign-debt crisis: Fundamentals, expectations and contagion**

*by*Michael G. Arghyrou & Alexandros Kontonikas

**Investment and interest rate policy in the open economy**

*by*Stephen McKnight

**Real indeterminacy and the timing of money in open economies**

*by*Stephen McKnight

**Asymmetric Adjustment in the Ethanol and Grains Markets**

*by*Chang, C-L. & Chen, L.H. & Hammoudeh, S.M. & McAleer, M.J.

**El papel de la tasa de interés real en el ciclo económico de México**

*by*Arturo Antón-Sarabia & Alan Villegas

**Modifying Gaussian term structure models when interest rates are near the zero lower bound**

*by*Leo Krippner

**A SVECM Model of the UK Economy and The Term Premium**

*by*MARDI DUNGEY & M.TUGRUL VEHBI

**Impact of US Quantitative Easing Policy on Emerging Asia**

*by*Peter J. Morgan

**Impact of US Quantitative Easing Policy on Emerging Asia**

*by*Peter J. Morgan

**Forecasting the U.S. Term Structure of Interest Rates using a Macroeconomic Smooth Dynamic Factor Model**

*by*Siem Jan Koopman & Michel van der Wel

**Multiscale Analysis of the Liquidity Effect**

*by*Antonis Michis

**Credit and Liquidity Risks in Euro-area Sovereign Yield Curves**

*by*Alain Monfort & Jean-Paul Renne

**Financial Intermediation in an Overlapping Generations Model with Transaction Costs**

*by*Jos van Bommel & Augusto Hasman & Margarita Samartin

**A Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets**

*by*Acharya, Viral V & Skeie, David

**Properties of Foreign Exchange Risk Premiums**

*by*Sarno, Lucio & Schneider, Paul & Wagner, Christian

**Determinantes del margen de intermediación en el sector bancario colombiano para el periodo 2000 - 2010**

*by*Escobar, Perla & Gómez, Julián

**The contribution of us bond demand to the us bond yield conundrum of 2004 to 2007: an empirical investigation**

*by*Thomas Goda & Photis Lysandrou & Chris Stewart

**Mercado interbancario colombiano y manejo de liquidez del Banco de la República**

*by*Pamela A. Cardozo & Carlos A. Huertas C. & Julián A. Parra P. & Lina V. Patiño Echeverri

**Time-Varying Monetary-Policy Rules and Financial Stress: Does Financial Instability Matter for Monetary Policy?**

*by*Jaromir Baxa & Roman Horvath & Borek Vasicek

**Financial Contagion and the European Debt Crisis**

*by*Sebastian Missio & Sebastian Watzka

**External Sovereign Debt in a Monetary Union: Bailouts and the Role of Corruption**

*by*Carolina Achury & Christos Koulovatianos & John D. Tsoukalas

**Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based Evidence from Japan**

*by*Heike Schenkelberg & Sebastian Watzka

**In Search of a Theory of Debt Management**

*by*Elisa Faraglia & Albert Marcet & Andrew Scott

**House Price Booms and the Current Account**

*by*Klaus Adam & Pei Kuang & Albert Marcet

**The Dynamics of Energy-Grain Prices with Open Interest**

*by*Shawkat Hammoudeh & Soodabeh Sarafrazi & Chia-Lin Chang & Michael McAleer

**The Impact of Macroeconomic News on Bond Yields: (In)Stabilities over Time and Relative Importance**

*by*Liebermann, Joelle

**Metas de Inflação, Crescimento e Estabilidade Macroeconômica Uma análise a partir de um modelo póskeynesianomacrodinâmico não-linear**

*by*Breno Santana Lobo & José Luis Oreiro

**U.S. Treasury Auction Yields During Boom, Bust, and Quantitative Easing: Role for Fed and Foreign Purchasers**

*by*Catherine L. Mann & Oren Klachkin

**Equilibrium Selection in a Cashless Economy with Transaction Frictions in the Bond Market**

*by*M. Marzo & P. Zagaglia

**The Relationship Between Financial Risk Premia and Macroeconomic Volatility: Issues and Perspectives on the Run-Up to the Turmoil**

*by*M. Marzo & L. Zhoushi & P. Zagaglia

**An estimated DSGE model: explaining variation in term premia**

*by*Andreasen, Martin

**A global model of international yield curves: no-arbitrage term structure approach**

*by*Kaminska, Iryna & Meldrum, Andrew & Smith, James

**How non-Gaussian shocks affect risk premia in non-linear DSGE models**

*by*Andreasen, Martin

**How do banks’ funding costs affect interest margins?**

*by*Arvid Raknerud & Bjørn Helge Vatne & Ketil Rakkestad

**Why Do Emerging Economies Borrow Short Term?**

*by*Fernando Broner & Guido Lorenzoni & Sergio L. Schmukler

**Credit and liquidity risks in euro area sovereign yield curves**

*by*Monfort, A. & Renne, J-P.

**State-Dependent Probability Distributions in Non Linear Rational Expectations Models**

*by*Barthélemy, J. & Marx, M.

**Default, liquidity and crises: an econometric framework**

*by*Monfort, A. & Renne, J-P.

**The Impact of Directed Lending on Long-run Growth in Belarus**

*by*Dzmitry Kruk

**On the Term Structure of Interest Rates of the Mexican Government**

*by*Santiago García-Verdú

**The interbank market after the financial turmoil: squeezing liquidity in a "lemons market" or asking liquidity "on tap"**

*by*Antonio De Socio

**An unexpected crisis? Looking at pricing effectiveness of different banks**

*by*Valerio Vacca

**Predicting Severe Simultaneous Recessions Using Yield Spreads as Leading Indicators**

*by*Charlotte Christiansen

**Monetary Policy after the Crisis**

*by*Marek Belka & Jens Thomsen & Kim Abildgren & Pietro Catte & Pietro Cova & Patrizio Pagano & Ignazio Visco & Petar Chobanov & Amine Lahiani & Nikolay Nenovsky & Cristina Badarau & Grégory Levieuge & Tomasz Łyziak & Jan Przystypa & Ewa Stanisławska & Ewa Wróbel & Urszula Szczerbowicz

**Measures To Recalibrate The Macroeconomic Policies In The New Eu Member States That Are To Adopt The Single Currency**

*by*Pop, Napoleon & Milea, Camelia & Lupu, Iulia & Criste, Adina & Ailinca, Alina Georgeta & Iordache, Floarea & Rotaru, Alina

**Monetary Policy Rule For Poland – Results For Various Specifactions**

*by*Pawel Baranowski

**Monetary Policy Rule For Poland – Results For Various Specifactions**

*by*Pawel Baranowski

**The Macroeconomic Variables And Stock Returns In Pakistan: The Case Of Kse100 Index**

*by*Nadeem SOHAIL & Hussain ZAKIR

**Asset Pricing With Incomplete Information In A Discrete-Time Pure Exchange Economy**

*by*Prasad V. BIDARKOTA & Brice V. DUPOYET

**Cuando La Economía No Importa: Auge Y Esplendor De La Alta Velocidad En España**

*by*DANIEL ALBALATE & GERMÀ BEL

**Have Real Interest Rates Really Fallen That Much In Spain?**

*by*ROBERTO BLANCO & FERNANDO RESTOY

**The Role of Investment Funds in Romania**

*by*Delia-Elena Diaconasu & Alexandru Asavoaei

**Monetary Business Cycle Accounting**

*by*Roman Sustek

**Currency and Checking Deposits as Means of Payment**

*by*Yiting Li

**Debt Sustainability Assessment: Mission Impossible**

*by*Charles Wyplosz

**Quality Improvement of the Offered Services – Solution for the Banking System Management in Romania**

*by*Popescu Dan & Dinculescu Elena –Silvia & Bursugiu Mihaela

**Trends in Strategic Management of Romanian Banking Institutions**

*by*Popescu Dan & Dinculescu Elena –Silvia

**The impact of low interest rates on household financial behaviour**

*by*P. Stinglhamber & Ch. Van Nieuwenhuyze & M.-D. Zachary

**Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis**

*by*N. Cordemans & M. de Sola Perea

**The launch of HUFONIA and the related international experience of overnight indexed swap (OIS) markets**

*by*Szilárd Erhart & András Kollarik

**The Impact of Monetary Policy on Lending and Deposit Rates in Pakistan: Panel Data Analysis**

*by*Hasan Muhammad Mohsin

**Számít-e a valutaárfolyam?**

*by*Erdős, Tibor

**The Financial Market Impact of Quantitative Easing in the United Kingdom**

*by*Michael A. S. Joyce & Ana Lasaosa & Ibrahim Stevens & Matthew Tong

**Interest Rate Forecasts: A Pathology**

*by*Charles A. E. Goodhart & Charles Wen Bin Lim

**The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases**

*by*Joseph Gagnon & Matthew Raskin & Julie Remache & Brian Sack

**A Disequilibrium Analysis of the Japanese Loan Market : Were the Post-bubble Periods in Disequilibrium?**

*by*Liu, Zhentao & Asako, Kazumi

**Duration Analysis of Interest Rate Spells : Cross-National Study of Interest Rate Policy**

*by*Guo, Yingwen & Zhou Z.F., Sherry

**Real Interest Rate and Growth Rate: Theory and Empirical Evidence**

*by*Jean-Marie Le Page

**Gli effetti della distanza su alcune componenti della relazione creditizia. Evidenze empiriche**

*by*Andrea Bellucci & Ilario Favaretto

**Equilibrium interest rate and financial transactions in post-Keynesian models. Pointing out some overlooked features**

*by*Angel Asensio

**Confidence and financial crisis in a post-Keynesian stock flow consistent model**

*by*Edwin Le Heron

**The puzzling peso**

*by*Arteta, Carlos & Kamin, Steven B. & Vitanza, Justin

**Capital market imperfections and the theory of optimum currency areas**

*by*Agénor, Pierre-Richard & Aizenman, Joshua

**The price of liquidity: The effects of market conditions and bank characteristics**

*by*Fecht, Falko & Nyborg, Kjell G. & Rocholl, Jörg

**The liquidity effect for open market operations**

*by*Kopchak, Seth J.

**The yield curve in a small open economy**

*by*Kulish, Mariano & Rees, Daniel

**Fast approximations of bond option prices under CKLS models**

*by*Tangman, D.Y. & Thakoor, N. & Dookhitram, K. & Bhuruth, M.

**Covered interest rate parity in emerging markets**

*by*Skinner, Frank S. & Mason, Andrew

**The fed and the term structure: Addressing simultaneity within a structural VAR model**

*by*Farka, Mira & DaSilva, Amadeu

**Do FOMC members herd?**

*by*Rülke, Jan-Christoph & Tillmann, Peter

**Asymmetric convergence and risk shift in the TED spreads**

*by*Hammoudeh, Shawkat & Chen, Li-Hsueh & Yuan, Yuan

**The effects of the monetary policy regime shift to inflation targeting on the real interest rate in the United Kingdom**

*by*Reschreiter, Andreas

**A macroeconometric framework for monetary policy evaluation: A case study of Pakistan**

*by*Hassan, Rubina & Shahzad, Mirza Muhammad

**Does the ECB Rely on a Taylor Rule During the Financial Crisis? Comparing Ex-post and Real Time Data with Real Time Forecasts**

*by*Ansgar Belke & Jens Klose

**Hipótesis de Fisher y cambio de régimen en Colombia: 1990-2010**

*by*Madeleine Gil Ángel & Jacobo Campo Robledo

**Política Monetaria Y Paridad De Intereses En Colombia, 1990 - 2007: Un Ejercicio**

*by*Elizabeth Aponte Jaramillo

**A Proposal on Macro-prudential Regulation**

*by*Carolina Osorio

**La crisis internacional y cambiaria de Fin de Siglo en Colombia**

*by*Miguel Urrutia & Jorge Norberto Llano

**Implications of public debt indexation for monetary policy transmission**

*by*Joaquim Pinto de Andrade & Manoel Carlos de Castro Pires &

**The use of reserve requirements as a policy instrument in Latin America**

*by*Carlos Montoro & Ramon Moreno

**The cost of business credit by firm category**

*by*F. Chai. & D-B.Nguyen.

**Le coût du crédit aux entreprises selon leur catégorie**

*by*CHAI, F. & NGUYEN, D B.

**The contradictory analyses of Us Crisis Commission**

*by*Giorgio Szego

**Sinalização de Política Monetária e Movimentos na Estrutura a Termo da Taxa de Juros no Brasil**

*by*Clemens Vinícius de A. Nunes & Márcio Holland & Cleomar Gomes da Silva

**The Strategy of Direct Inflation Targeting: Between Theory and Practice**

*by*Ramona-Andreea TEICA

**Central Bank Transparency – Implications and Importance**

*by*Florin DUMITER

**Effectiveness of Monetary Policy Communication in Kenya**

*by*Isaya Maana & Samuel Tiriongo

**Monetary Policy and the Financing of Firms**

*by*Fiorella De Fiore & Pedro Teles & Oreste Tristani

**Optimal Inflation for the US Economy**

*by*Roberto M. Billi

**Interest Rate Risk and Other Determinants of Post-WWII US Government Debt/GDP Dynamics**

*by*George J. Hall & Thomas J. Sargent

**Estimating the Market-Perceived Monetary Policy Rule**

*by*James D. Hamilton & Seth Pruitt & Scott Borger

**La structure par terme des prix des commodités : Analyse théorique et applications au marché pétrolier**

*by*Lautier, Delphine

**The Government Debt and the Long-Term Interest Rate: Application of the Loanable Funds Model to Greece**

*by*Hsing, Yu

**Türkiye’de piyasa göstergelerinden para politikası beklentilerinin ölçülmesi**

*by*Harun ALP & Refet GÜRKAYNAK & Hakan KARA & Gürsu KELEŞ & Musa ORAK

**Cambios de las tasas de política, paridad cubierta de intereses y estructura a plazo**

*by*Arango, Luis Eduardo & Velandia, Daniel Eduardo

**Short- and Long-Run Tests of the Expectations Hypothesis: The Portuguese Case**

*by*Olga Susana M. Monteiro & Artur C. B. da Silva Lopes

**Macro expectations, aggregate uncertainty, and expected term premia**

*by*Dick, Christian D. & Schmeling, Maik & Schrimpf, Andreas

**Die Weltwirtschaftskrise als Exempel der Überinvestitionstheorie: Komplementäre Erklärungsansätze von v. Hayek/Garrison und Minsky**

*by*Sell, Friedrich L.

**The rate of interest as a macroeconomic distribution parameter: Horizontalism and Post-Keynesian models of distribution of growth**

*by*Hein, Eckhard

**Monetary policy and real estate prices: A disaggregated analysis for Switzerland**

*by*Berlemann, Michael & Freese, Julia

**Monetary transmission right from the start: The (dis)connection netween the money market and the ECB's main refinancing rates**

*by*Abbassi, Puriya & Nautz, Dieter

**Sovereign bond yield spreads: a time-varying coefficient approach**

*by*Bernoth, Kerstin & Erdogan, Burcu

**Forecast uncertainty and the Bank of England interest rate decisions**

*by*Schultefrankenfeld, Guido

**What can EMU countries' sovereign bond spreads tell us about market perceptions of default probabilities during the recent financial crisis?**

*by*Dötz, Niko & Fischer, Christoph

**Banking and sovereign risk in the euro area**

*by*Gerlach, Stefan & Schulz, Alexander & Wolff, Guntram B.

**Monetary policy, housing booms and financial (im)balances**

*by*Eickmeier, Sandra & Hofmann, Boris

**Real Interest Parity in New Europe**

*by*Robert J. Sonora & Josip Tica

**Rethinking the Liquidity Puzzle: Application of a New Measure of the Economic Money Stock**

*by*Logan Kelly & William Barnett & John Keating

**Implementation of Monetary Policy: How Do Central Banks Set Interest Rates?**

*by*Benjamin Friedman & Kenneth Kuttner

**Catching-up and inflation in Europe: Balassa-Samuelson, Engel’s Law and other Culprits**

*by*Balazs Egert

**The VARying Effect of Foreign Shocks in Central and Eastern Europe**

*by*Rebeca Jimenez-Rodriguez & Amalia Morales-Zumaquero & Balazs Egert

**Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States**

*by*Peter Chobanov & Amine Lahiani & Nikolay Nenovsky

**Interest rate pass-through and risk**

*by*Iris Biefang Frisancho-Mariscal & Peter Howells

**Bank liquidity, interbank markets and monetary policy**

*by*Xavier Freixas & Antoine Martin & David Skeie

**The Troubling Economics and Politics of Paying Interest on Bank Reserves: A Critique of the Federal Reserve’s Exit Strategy**

*by*Thomas I. Palley

**Monnaie et Crise Bancaire dans une Petite Economie Ouverte**

*by*Jin Cheng

**Conundrum or Complication: A Study of Yield Curve Dynamics under Unusual Economic Conditions and Monetary Policies**

*by*Peter Cripwell & David Edelman

**How Does Monetary Policy Change? Evidence on Inflation Targeting Countries**

*by*Jaromír Baxa & Roman Horváth & Borek Vasícek

**Measuring the Impact of Monetary Policy on Asset Prices in Turkey (Turkiye’de Para Politikasinin Finansal Varlik Fiyatlari Uzerine Etkisi)**

*by*Murat Duran & Gulserim Ozcan & Pinar Ozlu & Deren Unalmis

**Turkiye’de Piyasa Gostergelerinden Para Politikasi Beklentilerinin Olculmesi**

*by*Harun Alp & Hakan Kara & Gursu Keles & Refet Gurkaynak & Musa Orak

**Macroeconomic and interest rate volatility under alternative monetary operating procedures**

*by*Petra Gerlach-Kristen & Barbara Rudolf

**Modeling Monetary Policy**

*by*Samuel Reynard & Andreas Schabert

**Does the Crisis Experience Call for a New Paradigm in Monetary Policy?**

*by*John B. Taylor

**Does Ricardian Equivalence Hold When Expectations are not Rational?**

*by*George W. Evans & Seppo Honkapohja & Kaushik Mitra

**Understanding Interactions in Social Networks and Committees**

*by*Arnab Bhattacharjee & Sean Holly

**Structural Interactions in Spatial Panels**

*by*Arnab Bhattacharjee & Sean Holly

**Is Euro Area Money Demand (Still) Stable? – Cointegrated VAR versus Single Equation Techniques**

*by*Ansgar Belke & Robert Czudaj

**(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis**

*by*Ansgar Belke & Jens Klose

**Monetary Policy and Real Estate Prices: A Disaggregated Analysis for Switzerland**

*by*Berlemann, Michael & Freese, Julia

**Uncovering the Common Risk Free Rate in the European Monetary Union**

*by*Wagenvoort, Rien & Zwart, Sanne

**GDP Trend Deviations and the Yield Spread: the Case of Five E.U. Countries**

*by*Gogas, Periklis & Pragidis, Ioannis

**Forecasting Government Bond Yields with Large Bayesian VARs**

*by*Andrea Carriero & George Kapetanios & Massimiliano Marcellino

**Determinants of sovereign bond yield spreads in the euro area in**

*by*Luciana Barbosa & Sónia Costa

**Taxable and Tax-Free Equivalence of Interest Rate Yields: A Brief Note**

*by*Cebula, Richard

**Did the Crisis Change it All? Evidence from Monetary and Fiscal Policy**

*by*Mitreska, Ana & Kadievska Vojnovic, Maja & Georgievska, Ljupka & Jovanovic, Branimir & Petkovska, Marija

**Estimating a monetary policy rule for India**

*by*Hutchison, Michael & Sengupta, Rajeswari & Singh, Nirvikar

**Banking Redefined**

*by*varma, Vijaya krushna varma

**Impact of the global crisis on the linkages between the interest rates and the stock prices in Romania**

*by*Stefanescu, Razvan & Dumitriu, Ramona

**Yield Curve Analysis: Choosing the optimal maturity date of investments and financing**

*by*Lenz, Rainer

**Indian G-Sec Market II: Anatomy of Short Rates**

*by*Das, Rituparna

**Linking Decision and Time Utilities**

*by*Kontek, Krzysztof

**How related are interbank and lending interest rates? Evidence on selected EU countries**

*by*Heryan, Tomas & Stavarek, Daniel

**Un modelo de tres factores con un parámetro de sensibilidad de mercado para estimar la dinámica de la tasa corta: Una aplicación para la tasa de fondeo gubernamental de México**

*by*Ruiz-Porras, Antonio & Perez-Sicairos, Rene Benjamin

**Analyse der Renditestrukturkurve: Zur Laufzeitenstruktur von Investitions- und Finanzierungsentscheidungen**

*by*Lenz, Rainer

**Firm leverage, household leverage and the business cycle**

*by*Solomon, Bernard Daniel

**Real time data, regime shifts, and a simple but effective estimated Fed policy rule, 1969-2009**

*by*Smant, David / D.J.C.

**Estimación de la estructura de tasas utilizando el modelo Dinámico Nelson Siegel: resultados para Chile y EEUU**

*by*Alfaro, Rodrigo & Becerra, Juan Sebastian & Sagner, Andres

**Has inflation targeting increased predictive power of term structure about future inflation: evidence from an emerging market ?**

*by*Ege, Yazgan & Huseyin, Kaya

**Financing U.S. debt: Is there enough money in the world – and at what cost?**

*by*Kitchen, John & Chinn, Menzie

**Noncausal Vector Autoregression**

*by*Lanne, Markku & Saikkonen, Pentti

**The rate of interest as a macroeconomic distribution parameter: Horizontalism and Post-Keynesian models of distribution of growth**

*by*Hein, Eckhard

**The interest rate spread as a forecasting tool of greek industrial production**

*by*Gogas, Periklis & Pragkidis, Ioannis

**Rethinking the liquidity puzzle: application of a new measure of the economic money stock**

*by*Kelly, Logan & Barnett, William A. & Keating, John

**Rethinking the Liquidity Puzzle: Application of a New Measure of the Economic Money Stock**

*by*Kelly, Logan & Barnett, William A. & Keating, John W.

**The yield curve and the prediction on the business cycle: a VAR analysis for the European Union**

*by*Cinquegrana, Giuseppe & Sarno, Domenico

**Some empirical evidence of the euro area monetary policy**

*by*Forte, Antonio

**Properties of Foreign Exchange Risk Premia**

*by*Sarno, Lucio & Schneider, Paul & Wagner, Christian

**Estimating a Monetary Policy Rule for India**

*by*Hutchison, Michael & Sengupta, Rajeswari & Singh, Nirvikar

**The Political Economy of the Yield Curve**

*by*Di Maggio, Marco

**Interest rates and bank risk-taking**

*by*Delis, Manthos D & Kouretas, Georgios

**Direct tests of the expectations theory of the term structure: Survey expectations, the term premium and coefficient biases**

*by*Smant, David / D.J.C.

**The yield curve and the macro-economy across time and frequencies**

*by*Luís Aguiar-Conraria & Manuel M. F. Martins & Maria Joana Soares

**Inflation, Macroeconomic Policy and Hunger: A Variation on a Theme by C. Rangarajan**

*by*Raghbendra Jha

**Does Ricardian Equivalence Hold When Expectations are not Rational?**

*by*George W. Evans & Seppo Honkapohja

**Turkey's Improving Integration with the Global Capital Market: Impacts on Risk Premia and Capital Costs**

*by*Rauf Gönenç & Saygin Sahinöz & Ozge Tuncel

**Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and Other Culprits**

*by*Balázs Égert

**Why are Real Interest Rates in New Zealand so High? Evidence and Drivers**

*by*Natalie Labuschagne & Polly Vowles

**A theoretical foundation for the Nelson and Siegel class of yield curve models, and an empirical application to U.S. yield curve dynamics**

*by*Leo Krippner

**The yield curve and the macro-economy across time and frequencies**

*by*Luís Francisco Aguiar & Manuel M. F. Martins & Maria Joana Soares

**Inflation Targeting**

*by*Lars E.O. Svensson

**Betting Against Beta**

*by*Andrea Frazzini & Lasse H. Pedersen

**An Empirical Analysis of the Swaption Cube**

*by*Anders B. Trolle & Eduardo S. Schwartz

**The Predictive Power of the Yield Curve across Countries and Time**

*by*Menzie D. Chinn & Kavan J. Kucko

**Central Banks and the Financial System**

*by*Francesco Giavazzi & Alberto Giovannini

**Implementation of Monetary Policy: How Do Central Banks Set Interest Rates?**

*by*Benjamin M. Friedman & Kenneth N. Kuttner

**Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics**

*by*George J. Hall & Thomas J. Sargent

**The Cross-Section and Time-Series of Stock and Bond Returns**

*by*Ralph S.J. Koijen & Hanno Lustig & Stijn Van Nieuwerburgh

**Central bank’s macroeconomic projections and learning**

*by*Giuseppe Ferrero & Alessandro Secchi

**Short-run and Long-run Effects of Banking in a New Keynesian Model**

*by*Miguel Casares & Jean-Christophe Poutineau

**Spatial Propagation of Macroeconomic Shocks in Europe**

*by*Romain Houssa

**Macroeconomic stability and the real interest rate: a cross-country analysis**

*by*Groth, Charlotta & Zampolli, Fabrizio

**Politica monetaria, finanza strutturata e mercati finanziari**

*by*Giorgio PIZZUTTO

**Do FOMC Members Herd?**

*by*Jan-Christoph Rülke & Peter Tillmann

**Strategic Forecasting on the FOMC**

*by*Peter Tillmann

**Determinants of Lending Rates and Interest Rate Spreads in Macedonia**

*by*Ljupka Georgievska & Rilind Kabashi & Nora Manova - Trajkovska & Ana Mitreska & Mihajlo Vaskov

**News Shocks and the Slope of the Term Structure of Interest Rates**

*by*André Kurmann & Christopher Otrok

**Productivity Shocks, Stabilization Policies and the Dynamics of Net Foreign Assets**

*by*Giorgio Di Giorgio & Salvatore Nisticò

**Quantitative Easing and Proposals for Reform of Monetary Policy Operations**

*by*Scott Fullwiler & L. Randall Wray

**Changes in Central Bank Procedures during the Subprime Crisis and Their Repercussions on Monetary Theory**

*by*Marc Lavoie

**Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to "Self-insuring" Emerging Market Economies**

*by*Jorg Bibow

**Economic Value of Stock and Interest Rate Predictability in the UK**

*by*Stephen Hall & Kavita Sirichand

**Decision-Based Forecast Evaluation of UK Interest Rate Predictability**

*by*Stephen Hall & Kavita Sirichand

**Asymmetric Adjustments in the Ethanol and Grains Markets**

*by*Chia-Lin Chang & Li-Hsueh Chen & Shawkat Hammoudeh & Michael McAleer

**Nonlinear Interest Rate Reaction Functions for the UK**

*by*Ralf Brüggemann & Jana Riedel

**Rethinking the Liquidity Puzzle: Application of a New Measure of the Economic Money Stock**

*by*William Barnett & Logan Kelly & John Keating

**Interbank Lending and the Demand for Central Bank Loans - a Simple Microfoundation**

*by*Markus Pasche

**Some preliminary but troubling evidence on group credits in microfinance programmes**

*by*Helke Waelde

**Financial Integration and Growth -Is Emerging Europe Different?**

*by*Christian Friedrich & Isabel Schnabel & Jeromin Zettelmeyer

**Monetary Transmission Right from the Start: The (Dis)Connection Between the Money Market and the ECB’s Main Refinancing Rates**

*by*Puriya Abbassi & Dieter Nautz

**Level, Slope, Curvature of Sovereign Yield Curve and Fiscal Behaviour**

*by*António Afonso & Manuel M. F. Martins

**Financial Integration in European Countries: Some Panel Evidence**

*by*Cândida Ferreira

**Short and Long-run Behaviour of Long-term Sovereign Bond Yields**

*by*António Afonso & Christophe Rault

**Pension financing and macroeconomic equilibrium**

*by*Enrico D’Elia

**Institutions and Cyclical Properties of Macroeconomic Policies in the Global Economy**

*by*César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel.

**The Great Moderation and the Decoupling of Monetary Policy from Long-Term Rates in the U.S. and Germany**

*by*Matthew Greenwood-Nimmo & Yongcheol Shin & Till van Treeck

**The Role of Monetary Policy Uncertainty in the Term Structure of Interest Rates**

*by*Junko Koeda & Ryo Kato

**The Effects of Monetary Policy Commitment: Evidence from Time- varying Parameter VAR Analysis**

*by*Jouchi Nakajima & Shigenori Shiratsuka & Yuki Teranishi

**The 2007-? financial crisis: a euro area money market perspective**

*by*Nuno Cassola & Claudio Morana

**Bank and Official Interest Rates: How Do They Interact over Time?**

*by*G. C. Lim & Sarantis Tsiaplias & C. L. Chua

**Monetary Transmission Right from the Start: The (Dis)Connection Between the Money Market and the ECB’s Main Refinancing Rates**

*by*Puriya Abbassi & Dieter Nautz

**What Does the Yield Curve Tell Us about Exchange Rate Predictability?**

*by*Yu-chin Chen & Kwok Ping Tsang

**Search-Theoretic Money, Capital and International Exchange Rate Fluctuations**

*by*Gomis-Porqueras, Pere & Kam, Timothy & Lee, Junsang

**Does Ricardian Equivalence hold when expectations are not rational?**

*by*Evans , George W & Honkapohja , Seppo & Mitra, Kaushik

**Housing loan rate margins in Finland**

*by*Putkuri, Hanna

**The EMU sovereign-debt crisis: Fundamentals, expectations and contagion**

*by*Michael G. Arghyrou & Alexandros Kontonikas

**Interest Rate Co-movements, Global Factors and the Long End of the Term Spread**

*by*Joseph P. Byrne & Giorgio Fazio & Norbert Fiess

**Financial Intermediaries and Transaction Costs**

*by*Augusto Hasman & Margarita Samartin & Jos van Bommel

**How Does Monetary Policy Change? Evidence on Inflation Targeting Countries**

*by*Jaromír Baxa & Roman Horváth & Bořek Vašíček

**Forecasting Government Bond Yields with Large Bayesian VARs**

*by*A. Carriero & G. Kapetanios & M. Marcellino

**Rules and risk in the euro area: does rules-based national fiscal governance contain sovereign bond spreads?**

*by*Anna Iara & Guntram B. Wolff

**Spatial propagation of macroeconomic shocks in Europe**

*by*Hans DEWACHTER & Romain HOUSSA & Priscilla TOFFANO

**Incertidumbre, crecimiento del producto, inflación y depreciación cambiaria en México: Evidencia de modelos GARCH multivariados**

*by*Rodolfo Cermeño & Benjamín Oliva

**Price pressure in the government bond market**

*by*Robin Greenwood & Dimitri Vayanos

**Financial Frictions and Credit Spreads**

*by*Ke Pang & Pierre L. Siklos

**The Spanish term structure of interest rates revisited: cointegration with multiple structural breaks, 1974-2010**

*by*Vicente Esteve & Manuel Navarro-Ibáñez & Maria A. Prats

**Monetary Policy and Excessive Bank Risk Taking**

*by*Itai Agur & Maria Demertzis

**Is Euro Area Money Demand (Still) Stable?: Cointegrated VAR versus Single Equation Techniques**

*by*Ansgar Belke & Robert Czudaj

**Fractional Cointegration in US Term Spreads**

*by*Guglielmo Maria Caporale & Luis A. Gil-Alana

**Global Liquidity, World Savings Glut and Global Policy Coordination**

*by*Ansgar Belke & Daniel Gros

**(How) Do the ECB and the Fed React to Financial Market Uncertainty?: The Taylor Rule in Times of Crisis**

*by*Ansgar Belke & Jens Klose

**Sovereign Bond Yield Spreads: A Time-Varying Coefficient Approach**

*by*Kerstin Bernoth & Burcu Erdogan

**Bank Liquidity, Interbank Markets, and Monetary Policy**

*by*Freixas, X. & Martin, A. & Skeie, D.

**The Bond Yield Conundrum: Alternative Hypotheses and the State of the Economy**

*by*Eijffinger, S.C.W. & Mahieu, R.J. & Raes, L.B.D.

**Euro money market interest rate dynamics and volatility: how they respond to recent changes in the operational framework**

*by*Jardet, Caroline & Le Fol, Gaëlle

**Discounting the Future: the Case of Climate Change**

*by*Ekeland, Ivar

**Monetary Policy, Trend Inflation and the Great Moderation:An Alternative Interpretation**

*by*Olivier Coibion & Yuriy Gorodnichenko

**Anticipations, prime de risque et structure par terme des taux d’intérêt : une analyse des comportements d’experts**

*by*Georges Prat & Remzi Uctum

**The 2007-? financial crisis: a money market perspective**

*by*Nuno Cassola & Claudio Morana

**What Drives the European Central Bank's Interest-Rate Changes?**

*by*Aastrup, Morten & Jensen, Henrik

**Politics and Monetary Policy**

*by*Ehrmann, Michael & Fratzscher, Marcel

**The bond yield conundrum: alternative hypotheses and the state of the economy**

*by*Eijffinger, Sylvester C. W. & Mahieu, Ronald J & Raes, Louis

**Macroeconomics and the Term Structure**

*by*Gürkaynak, Refet S. & Wright, Jonathan

**Banking and Sovereign Risk in the Euro Area**

*by*Gerlach, Stefan & Schulz, Alexander & Wolff, Guntram B.

**Swiss Monetary Policy, 2000-2009**

*by*Genberg, Hans & Gerlach, Stefan

**Forecasting Government Bond Yields with Large Bayesian VARs**

*by*Carriero, Andrea & Kapetanios, George & Marcellino, Massimiliano

**The Price of Liquidity: Bank Characteristics and Market Conditions**

*by*Fecht, Falko & Nyborg, Kjell G & Rocholl, Jörg

**Does Ricardian Equivalence Hold When Expectations are not Rational?**

*by*Evans, George W. & Honkapohja, Seppo & Mitra, Kaushik

**Asymmetric Standing Facilities: An Unexploited Monetary Policy Tool**

*by*Pérez-Quirós, Gabriel & Rodriguez Mendizabal, Hugo

**Estimations of the natural rate of interest in Colombia**

*by*Eliana González & Luis F. Melo & Luis E. Rojas & Brayan Rojas

**Relación entre variables macro y la curva de rendimientos**

*by*Luis Fernando Melo Velandia & Giovanni Alfonso Castro Lancheros

**Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia**

*by*Hernando Vargas Herrera & Franz Hamann & Andrés González

**A literature review on the tourism-led-growth hypothesis**

*by*JG. Brida & M. Pulina

**Cruise visitors’ intention to return as land tourists and recommend a visited destination. A structural equation model**

*by*JG. Brida & M. Pulina & E. Riaño & SZ. Aguirre

**Financial Frictions and Credit Spreads**

*by*Ke Pang & Pierre L. Siklos

**How Does Monetary Policy Change? Evidence on Inflation Targeting Countries**

*by*Jaromir Baxa & Roman Horvath & Borek Vasicek

**Alternative Models For Hedging Yield Curve Risk: An Empirical Comparison**

*by*Nicola CARCANO & Hakim DALL'O

**The Price of Liquidity: Bank Characteristics and Market Conditions**

*by*Falko FECHT & Kjell G. NYBORG & Jörg ROCHOLL

**Short and Long-run Behaviour of Long-term Sovereign Bond Yields**

*by*António Afonso & Christophe Rault

**Long-run Determinants of Sovereign Yields**

*by*António Afonso & Christophe Rault

**Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and other Culprits**

*by*Balazs Egert

**The VARying Effect of Foreign Shocks in Central and Eastern Europe**

*by*Rebeca Jiménez-Rodriguez & Amalia Morales-Zumaquero & Balazs Egert

**The EMU sovereign-debt crisis: Fundamentals, expectations and contagion**

*by*Arghyrou, Michael G & Kontonikas, Alexandros

**Structure and Asymptotic Theory for Nonlinear Models with GARCH Errors**

*by*Felix Chan & Michael McAleer & Marcelo C. Medeiros

**Asymmetric Adjustments in the Ethanol and Grains Markets**

*by*Chia-Lin Chang & Li-Hsueh Chen & Shawkat Hammoudeh & Michael McAleer

**Operating Procedures and the Expectations Theory of the Term Structure of Interest Rates: A Note on the New Zealand Experience from 1989 to 2008**

*by*Alfred Guender & Allan G.J. Wu

**Structural Interactions in Spatial Panels**

*by*Bhattacharjee, A. & Holly, S.

**Understanding Interactions in Social Networks and Committees**

*by*Bhattacharjee, A. & Holly, S.

**Rational Partisan Theory, Uncertainty and Spatial Voting: Evidence for the Bank of England’s MPC**

*by*Bhattacharjee, A. & Holly, S.

**Interbank overnight interest rates - gains from systemic importance**

*by*Q. Farooq Akram & Casper Christophersen

**Term structure forecasting using macro factors and forecast combination**

*by*Michiel de Pooter & Francesco Ravazzolo & Dick van Dijk

**Interest rate pass-through in the major European economies - the role of expectations**

*by*Anindya Banerjee & Victor Bystrov & Paul Mizen

**The role of model uncertainty and learning in the U.S. postwar policy response to oil prices**

*by*Francesca Rondina

**Bank Liquidity, Interbank Markets and Monetary Policy**

*by*Xavier Freixas & Antoine Martin & David Skeie

**Incomplete markets, liquidation risk, and the term structure of interest rates**

*by*Challe, E. & Le Grand, F. & Ragot, X.

**Equilibrium yield curves under regime switching**

*by*Santiago García Verdú

**Central banks' macroeconomic projections and learning**

*by*Giuseppe Ferrero & Alessandro Secchi

**The rise of risk-based pricing of mortgage interest rates in Italy**

*by*Silvia Magri & Raffaella Pico

**Credit and banking in a DSGE model of the euro area**

*by*Andrea Gerali & Stefano Neri & Luca Sessa & Federico M. Signoretti

**Asymmetric standing facilities: an unexploited monetary policy tool**

*by*Gabriel Perez-Quiros & Hugo Rodríguez Mendizábal

**An Assessment of Competition in the Argentine Banking Sector: Empirical Evidence with Data at Bank Level**

*by*Gustavo Hector González Padilla

**Mean-Variance Cointegration and the Expectations Hypothesis**

*by*Strohsal, Till & Weber, Enzo

**Risk and Policy Shocks on the US Term Structure**

*by*Weber, Enzo & Wolters, Jürgen

**The Analytics of New Keynesian Phillips Curves**

*by*Alfred Maussner

**The role of model uncertainty and learning in the U.S. postwar policy response to oil prices**

*by*Francesca Rondina

**State-Dependent Threshold STAR Models**

*by*Michael J. Dueker & Zacharias Psaradakis & Martin Sola & Fabio Spagnolo

**The Spanish term structure of interest rates revisited: cointegration with multiple structural breaks, 1974-2010**

*by*Vicente Esteve & Manuel Navarro-Ibáñez & María A. Prats

**Money, Capital And Exchange Rate Fluctuations**

*by*Pedro Gomis-Porqueras & Timothy Kam & Junsang Lee

**How Non-Gaussian Shocks Affect Risk Premia in Non-Linear DSGE Models**

*by*Martin M. Andreasen

**Macro Expectations, Aggregate Uncertainty, and Expected Term Premia**

*by*Christian D. Dick & Maik Schmeling & Andreas Schrimpf

**Stochastic Volatility**

*by*Torben G. Andersen & Luca Benzoni

**The Quest for Stability: the macro view**

*by*Willem H. Buiter & Stefan Gerlach & Clemens J.M. Kool & José Viñals

**Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle**

*by*Freeman, Mark C.

**The Impact of ECB Monetary Policy Decisions and Communication on the Yield Curve**

*by*Claus Brand & Daniel Buncic & Jarkko Turunen

**TCMB Faiz Kararlarinin Hisse Senedi Piyasalari Uzerine Etkisi**

*by*Murat Duran & Pinar Ozlu & Deren Unalmis

**The Yield Curve and the Prediction on the Business Cycle: a Var Analysis for the European Union**

*by*Giuseppe CINQUEGRANA & Domenico SARNO

**Some Empirical Evidence of the Euro Area Monetary Policy**

*by*Antonio Forte

**Discussion: Swiss Monetary Policy 2000-2009**

*by*Marcel R. Savioz & Maja Ganarin

**Swiss Monetary Policy 2000-2009**

*by*Hans Genberg & Stefan Gerlach

**Asymmetric Adjustment in the Lending-Deposit Rate Spread: Evidence from Eastern European Countries**

*by*Su, Chi Wei & Chang, Hsu Ling

**Asset Pricing in a Production Economy with Chew-Dekel Preferences**

*by*Claudio Campanale & Rui Castro & Gian Luca Clementi

**Central Bank´s Foreign Exchange Reserves Accumulation and Dynamics of Banking System Liquidity Absorption: The Case of the Czech Republic, Poland and Hungary**

*by*Karel Brůna

**The Problem of the Yearly Inflation Rate and Its Implications for the Monetary Policy of the Czech National Bank**

*by*Josef Arlt & Milan Bašta

**How Related are Interbank and Lending Interest Rates? Evidence on Selected European Union Countries**

*by*Tomáš HERYÁN & Daniel STAVÁREK

**Monetary Policy Implementation and Liquidity Management of the Czech Banking System**

*by*Karel BRŮNA

**The Econometric Analysis Of The Dependence Between The Consumer, GDP And The Interest Rate Using The Eviews Program**

*by*Nadia Elena Stoicuţa & Ana Petrina Stanciu

**Algorithms For The Processes Of Establishing Prices And Balanced Bank Interests**

*by*Carina-Elena Stegăroiu & Valentin Stegăroiu

**Estimación de la curva de rendimiento cupón cero para el Perú y su uso para el análisis monetario**

*by*Javier Pereda C.

**Modeling the Term Structure of Interest Rates: A Review of the Literature**

*by*Gibson, Rajna & Lhabitant, Francois-Serge & Talay, Denis

**Government Debt and the Long-Term Interest Rate: Application of an Extended Open-Economy Loanable Funds Model to Poland**

*by*Yu Hsing

**Pirruszi dezinfláció vagy tartósan alacsony inflációs környezet?**

*by*Valentinyi, Ákos & Bihari, Péter

**The Impact of Exchange Rate Regime on Interest Rates in Latin America**

*by*Caroline Duburcq

**Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound**

*by*Andrew Levin & David López-Salido & Edward Nelson & Yack Yun

**The Lending-Deposit Rate Relationship in Eastern European Countries: Evidence from the Rank Test for Non-linear Cointegration**

*by*Hsu-Ling Chang & Chi-Wei Su

**The Euro Adoption Debate Revisited: The Czech Case**

*by*Jaromír Hurník & Zdenìk Tùma & David Vávra

**Profit vs Interest in Classical Writings: Turgot’s vs. Mill’s Contribution**

*by*Michael Gootzeit

**Does trade matter for stock market integration?**

*by*Wassim Dbouk & Lawrence Kryzanowski

**Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies**

*by*JÃ¶rg Bibow

**Zinsspreads auf europäische Anleihen: Finanzmärkte verstärken Druck zu mehr Haushaltsdisziplin**

*by*Kerstin Bernoth & Burcu Erdogan

**Zinsspreads auf europäische Staatsanleihen: Implikationen und Lehren aus der europäischen Schuldenkrise**

*by*Kerstin Bernoth

**Financial Markets Interactions between Economic Theory and Practice**

*by*Mihaela NICOLAU

**The Term Structure of Interest Rates in a New Keynesian Model with Time-Varying Macro Volatility**

*by*Daniel Burren

**Expected and Unexpected Impulses of Monetary Policy on the Interest Pass-Through Mechanism in Asian Countries**

*by*Kuan-Min Wang

**Communicational Bias in Monetary Policy: Can Words Forecast Deeds?**

*by*Pablo Pincheira & Mauricio Calani

**Costo de capital: sectoravìcola, periodo 2000-2007 (Un caso pràctico en Bogotà)**

*by*LUIS EDUARDO GAMMA DÌAZ

**Efectos de la política monetaria sobre las tasas de interés de los créditos hipotecarios en Colombia**

*by*Franz Hamann & Hernando Vargas & Andrés Gónzalez

**Anticipations, prime de risque et structure par terme des taux d'intérêt : une analyse des comportements d'experts**

*by*Georges Prat & Remzi Uctum

**L'intégration commerciale est-elle une condition préalable à l'intégration financière ?**

*by*Adeline Bachellerie & Jérôme Héricourt & Valérie Mignon

**L'évolution des taux des certificats de dêpot et la disparité des taux unitaires par emetteurs, indicateur de tensions potentielles ?**

*by*Lascar, J. & Prunaux, E. & Wilhelm, F.

**Call Money Interest Rate Determinants in Argentina**

*by*Alejandra Anastasi & Pedro Elosegui & Máximo Sangiácomo

**Efficient Yield Curve Estimation and Forecasting in Brazil**

*by*Ricardo Azevedo Araujo & Guilherme V. Moura & Marcelo S. Portugal

**The emerging role of expectations in conducting and coordonating monetary policy**

*by*Marius HERBEI & Florin DUMITER

**Considerations regarding the influence of the base leading rate over actualization rate of investment projects financed by EU funds**

*by*Attila TAMAS SZORA & Iulian DOBRA

**Investigation Of The Determinants Of The Adjustment Of Lending Rates In Macedonia – A Sur Approach**

*by*Jane BOGOEV

**Cointegration Analysis of Behavioral Issues in the Auctioning of Treasury Bills in Tanzania**

*by*Ellinami J Minja

**Does More Government Deficit Lead to a Higher Long-term Interest Rate? Application of an Extended Loanable Funds Model to Estonia**

*by*Yu Hsing

**How Debt Markets Have Malfunctioned in the Crisis**

*by*Arvind Krishnamurthy

**Central Bank Communication and Expectations Stabilization**

*by*Stefano Eusepi & Bruce Preston

**Financial Stability, the Trilemma, and International Reserves**

*by*Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor

**The TIPS Yield Curve and Inflation Compensation**

*by*Refet S. G�rkaynak & Brian Sack & Jonathan H. Wright

**Repo Market Effects of the Term Securities Lending Facility**

*by*Michael J. Fleming & Warren B. Hrung & Frank M. Keane

**Price Pressure in the Government Bond Market**

*by*Robin Greenwood & Dimitri Vayanos

**Interest Rate Risk in Credit Markets**

*by*Monika Piazzesi & Martin Schneider

**Loan Syndication and Credit Cycles**

*by*Victoria Ivashina & David Scharfstein

**Global Interest Rates, Currency Returns, and the Real Value of the Dollar**

*by*Charles Engel & Kenneth D. West

**Generalizing the Taylor Principle: Reply**

*by*Troy Davig & Eric M. Leeper

**Generalizing the Taylor Principle: Comment**

*by*Roger E. A. Farmer & Daniel F. Waggoner & Tao Zha

**External Macroeconomic Factors and the Link between Short- and Long-Run European Interest Rates: A Note**

*by*Mariam Camarero & Javier Ordonez & Cecilio Tamarit

**Monetary Policy Surprises and Interest Rates: Choosing between the Inflation-Revelation and Excess Sensitivity Hypotheses**

*by*Willem Thorbecke & Hanjiang Zhang

**Türkiye'de para politikasının aktarımı: Para politikasının mali piyasalara etkisi**

*by*Zelal AKTAŞ & Harun ALP & Refet GÜRKAYNAK & Mehtap KESRİYELİ & Musa ORAK

**Government Bond Yield Spreads: A Survey**

*by*Riccardo Lo Conte

**Análisis de la estrategia de política monetaria del Banco Central Europeo (1999-2005)**

*by*García Iglesias, Jesús Manuel & Pateiro Rodríguez, Carlos

**Real exchange rates and real interest rate differentials: a present value interpretation**

*by*Mathias Hoffmann & Ronald MacDonald

**Contestability, Technology and Banking**

*by*Gropp, Reint Eberhard & Corvoisier, Sandrine

**Should We Discount the Far-Distant Future at Its Lowest Possible Rate?**

*by*Gollier, Christian

**Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle**

*by*Freeman, Mark C.

**Controllability and persistence of money market rates along the yield curve: evidence from the euro area**

*by*Busch, Ulrike & Nautz, Dieter

**Money in monetary policy design: Monetary cross-checking in the New-Keynesian Model**

*by*Beck, Guenter W. & Wieland, Volker

**Price discovery on traded inflation expectations: does the financial crisis matter?**

*by*Schulz, Alexander & Stapf, Jelena

**Pricing caps with HJM models: the benefits of humped volatility**

*by*Jury Falini

**Yield Curve Predictability, Regimes, and Macroeconomic Information: A Data-Driven Approach**

*by*Francesco Audrino & Kameliya Filipova

**Loans, Interest Rates and Guarantees: Is There a Link?**

*by*Giorgio Calcagnini & Fabio Farabullini & Germana Giombini

**On the role of money growth targeting under inflation targeting regime**

*by*Meixing DAI

**Isolating a measure of inflation expectations for the South African financial market using forward interest rates**

*by*Monique Reid

**Demand for Reserves and the Central Bank's Management of Interest Rates**

*by*Martin Schlegel & Sébastien Kraenzlin

**Automated Likelihood Based Inference for Stochastic Volatility Models**

*by*Hans J. Skaug & Jun Yu

**Does the ECB Rely on a Taylor Rule? - Comparing Ex-post with Real Time Data**

*by*Ansgar Belke & Jens Klose

**A Simple Model of an Oil Based Global Savings Glut – The “China Factor” and the OPEC Cartel**

*by*Ansgar Belke & Daniel Gros

**US–Euro Area Monetary Policy Interdependence – New Evidence from Taylor Rule Based VECMs**

*by*Ansgar Belke & Yuhua Cui

**Estimation of a Time Varying Natural Interest Rate for Peru**

*by*Humala, Alberto & Rodríguez, Gabriel

**A New Measure of Fiscal Shocks Based on Budget Forecasts and its Implications**

*by*Manuel Coutinho Pereira

**The interest rate pass-through of the Portuguese banking system: characterization and determinants**

*by*Paula Antão

**Interest rates and prices causality in the Czech Republic - Granger approach**

*by*Pomenkova, Jitka & Kapounek, Svatopluk

**Top tax system: a common taxation system for all nations**

*by*Varma, Vijaya Krushna Varma

**An Equilibrium Model of the Term Structure of Interest Rates: Recursive Preferences at Play**

*by*Gonzalez-Astudillo, Manuel

**The evolving role and definition of the federal funds rate in the conduct of U.S. monetary policy**

*by*Belongia, Michael & Hinich, Melvin

**An Extended Macro-Finance Model with Financial Factors**

*by*Dewachter, Hans & Iania, Leonardo

**An Extended Macro-Finance Model with Financial Factors**

*by*Dewachter, Hans & Iania, Leonardo

**Monetary Business Cycle Accounting**

*by*Sustek, Roman

**A new measure of fiscal shocks based on budget forecasts and its implications**

*by*Pereira, Manuel C

**Vplyv inflačných očakávaní na vývoj úrokových sadzieb v krajinách Višegrádskej štvorky**

*by*Mirdala, Rajmund

**Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy**

*by*Hernandez-Verme, Paula & Wang, Wen-Yao

**Estimación de la Curva de Rendimiento**

*by*Alfaro, Rodrigo

**Testing Linearity in Term Structures**

*by*Peroni, Chiara

**Indian G-Sec Market: How the Term Structure Reacts to Monetary Policy**

*by*Das, Rituparna

**Term Structure Equations Under Benchmark Framework**

*by*El Qalli, Yassine

**Does Fed Funds Target Interest Rate Lead Bank of England’s Bank Rate and European Central Bank’s Key Interest Rate?**

*by*Çelik, Sadullah & Deniz, Pınar

**Predicting European Union recessions in the euro era: The yield curve as a forecasting tool of economic activity**

*by*Gogas, Periklis & Chionis, Dionisios & Pragkidis, Ioannis

**On the role of money growth targeting under inflation targeting regime**

*by*Dai, Meixing

**Are Banks Different? Evidence from the CDS Market**

*by*Burkhard Raunig & Martin Scheicher

**What Drives Sovereign Risk Premiums?: An Analysis of Recent Evidence from the Euro Area**

*by*David Haugh & Patrice Ollivaud & David Turner

**Forecasting New Zealand's economic growth using yield curve information**

*by*Leo Krippner & Leif Anders Thorsrud

**A theoretical foundation for the Nelson and Siegel class of yield curve models**

*by*Leo Krippner

**How Debt Markets have Malfunctioned in the Crisis**

*by*Arvind Krishnamurthy

**Measuring Central Bank Communication: An Automated Approach with Application to FOMC Statements**

*by*David O. Lucca & Francesco Trebbi

**Towards a Common European Monetary Union Risk Free Rate**

*by*Sergio Mayordomo & Juan Ignacio Peña & Eduardo S. Schwartz

**The Determinants of Stock and Bond Return Comovements**

*by*Lieven Baele & Geert Bekaert & Koen Inghelbrecht

**Globally Correlated Nominal Fluctuations**

*by*Espen Henriksen & Finn E. Kydland & Roman Sustek

**Negative Nominal Interest Rates: Three ways to overcome the zero lower bound**

*by*Willem H. Buiter

**Understanding Inflation-Indexed Bond Markets**

*by*John Y. Campbell & Robert J. Shiller & Luis M. Viceira

**The Great Inflation Drift**

*by*Marvin Goodfriend & Robert G. King

**A Note on Regime Switching, Monetary Policy, and Multiple Equilibria**

*by*Jess Benhabib

**The reception of public signals in financial markets – what if central bank communication becomes stale?**

*by*Michael Ehrmann & David Sondermann

**Asset Pricing in a Production Economy with Chew-Dekel Preferences**

*by*CAMPANALE, Claudio & CASTRO, Rui & CLEMENTI, Gian Luca

**Asset Pricing in a Production Economy with Chew–Dekel Preferences**

*by*CAMPANALE, Claudio & CASTRO, Rui & CLEMENTI, Gian Luca

**Optimal Monetary Policy with Asymmetric Targets**

*by*Peter J. Stemp

**Optimal Interest Rate Rules Under One-Sided Output and Inflation Targets**

*by*Peter J. Stemp

**A joint macroeconomic-yield curve model for Hungary**

*by*Zoltán Reppa

**The Fed’s perceived Phillips curve: Evidence from individual FOMC forecasts**

*by*Peter Tillmann

**Canadian Interest Rate Setting: The Information Content of Canadian and U.S. Central Bank Communication**

*by*Bernd Hayo & Matthias Neuenkirch

**Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?**

*by*Bernd Hayo & Matthias Neuenkirch

**Competition among banks and the pass-through of monetary policy**

*by*Jochen H. F. Güntner

**Robust Equilibrium Yield Curves**

*by*Isaac Kleshchelski & Nicolas Vincent

**A Convergence Model of the Term Structure of Interest Rates**

*by*Viktors Ajevskis & Kristine Vitola

**Determinants of government bond spreads in the Euro area – in good times as in bad**

*by*Christian Aßmann & Jens Hogrefe

**How Do Bank Lending Rates and the Supply of Loans React to Shifts in Loan Demand in the U.K.?**

*by*Johann Burgstaller & Johann Scharler

**The Evolution of Loan Rate Stickiness Across the Euro Area**

*by*Jouchi Nakajima & Yuki Teranishi

**Common Trends and Common Cycles among Interest Rates of the G7-Countries**

*by*Nannette Lindenberg & Frank Westermann

**Controllability and Persistence of Money Market Rates along the Yield Curve: Evidence from the Euro Area**

*by*Ulrike Busch & Dieter Nautz

**International Interest-Rate Risk Premia in Affine Term Structure Models**

*by*Felix Geiger

**Deteriorating Public Finances and Rising Government Debt: Implications for Monetary Policy**

*by*Lillian Cheung & Chi-Sang Tam & Jessica Szeto

**Forecasting with a DSGE Model of the term Structure of Interest Rates: The Role of the Feedback**

*by*Zagaglia, Paolo

**What Drives the Term Structure in the Euro Area? Evidence from a Model with Feedback**

*by*Zagaglia, Paolo

**Uncovered Interest Parity in a Partially Dollarized Developing Country: Does UIP Hold in Bolivia? (And If Not, Why Not?)**

*by*Melander, Ola

**What Moves Bond Yields In China?**

*by*Fan, Longzhen & Johansson, Anders C.

**China'S Official Rates And Bond Yields**

*by*Fan, Longzhen & Johansson, Anders C.

**Identification of macroeconomic factors in large panels**

*by*Lasse BORK & Hans DEWACHTER & Romain HOUSSA

**Studying the Relation between the Interest Rates and the Exchange Rate in Belarus under the Speculative Motives Assumption**

*by*Miksjuk Alexei

**Term Structure Equations Under Benchmark Framework**

*by*El Qalli Yassine

**Strategies for Asian Exchange Rate Policy Cooperation**

*by*Huang Yiping

**Fisher, Macaulay et Allais face au "Paradoxe de Gibson"**

*by*Jean-Jacques Durand & Georges Prat

**Does the ECB Rely on a Taylor Rule?: Comparing Ex-post with Real Time Data**

*by*Ansgar Belke & Jens Klose

**A Simple Model of an Oil Based Global Savings Glut: The "China Factor" and the OPEC Cartel**

*by*Ansgar Belke & Daniel Gros

**The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices**

*by*Jörg Döpke & Michael Funke & Sean Holly & Sebastian Weber

**Modeling Monetary Policy**

*by*Samuel Reynard & Andreas Schabert

**Yield Curve Reaction to Macroeconomic News in Europe : Disentangling the US Influence**

*by*Ielpo, Florian & Brière, Marie

**An equilibrium approach for Gamma Discounting**

*by*Jouini, Elyès & Napp, Clotilde

**Empirical Analysis of Monetary Transmission in Tunisia: What do SVAR Models Tell Us?**

*by*Hachicha, Ahmed & Bates, Samuel

**Convenience Yield and Commodity Markets**

*by*Lautier, Delphine

**Understanding Inflation-Indexed Bond Markets**

*by*John Y. Campbell & Robert J. Shiller & Luis M. Viceira

**Liquidity crunch in the interbank market: is it credit or liquidity risk, or both?**

*by*Angelo Baglioni

**TIPS, Inflation Expectations and the Financial Crisis**

*by*Thorsten Lehnert & Aleksandar Andonov & Florian Bardong

**TIPS, Inflation Expectations and the Financial Crisis**

*by*Thorsten Lehnert & Aleksandar Andonov & Florian Bardong

**TIPS, Inflation Expectations and the Financial Crisis**

*by*Thorsten Lehnert & Aleksandar Andonov & Florian Bardong

**Time-Variation in Term Permia: International Survey-Based Evidence**

*by*Christian Wolff & Ron Jongen & Willem F.C. Verschoor

**Time-Variation in Term Permia: International Survey-Based Evidence**

*by*Christian Wolff & Ron Jongen & Willem F.C. Verschoor

**Time-Variation in Term Permia: International Survey-Based Evidence**

*by*Christian Wolff & Ron Jongen & Willem F.C. Verschoor

**Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound**

*by*Levin, Andrew & López-Salido, J David & Nelson, Edward & Yun, Tack

**Money in monetary policy design: Monetary cross-checking in the New-Keynesian model**

*by*Beck, Günter & Wieland, Volker

**Transparency under Flexible Inflation Targeting: Experiences and Challenges**

*by*Svensson, Lars E O

**La crisis reciente de Estados Unidos (2007-2008): redescubriendo la importancia del mercado de "fondos prestables"**

*by*Carlos Esteban Posada & Jorge Andrés Tamayo C.

**Heterogeneity in Bank Pricing Policies: The Czech Evidence**

*by*Roman Horvath & Anca Maria Podpiera

**Risk Aversion, Intertemporal Substitution, and the Term Structure of Interest Rates**

*by*René Garcia & Richard Luger

**From Various Degrees of Trade to Various Degrees of Financial Integration: What do Interest Rates Have to Say?**

*by*Adeline Bachellerie & Jérôme Héricourt & Valérie Mignon

**Analysis of Monetary Policy and Financial Stability: A New Paradigm**

*by*Charles A. E. Goodhart & Carolina Osorio & Dimitrios P. Tsomocos

**How Should the Distant Future be Discounted when Discount Rates are Uncertain?**

*by*Christian Gollier & Martin L. Weitzman

**Shooting on a Moving Target: Eyplaining European Bank Rates during the Interwar Period**

*by*Kirsten Wandschneider & Nikolaus Wolf

**Common Trends and Common Cycles among Interest Rates of the G7-Countries**

*by*Nannette Lindenberg & Frank Westermann

**Nicht zu früh bremsen! - Der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA-**

*by*Ronald Schettkat & Rongrong Sun

**The Demise of the Swiss Interest Rate Puzzle**

*by*Peter Kugler & Beatrice Weder

**Extracting inflation expectations and inflation risk premia from the term structure: a joint model of the UK nominal and real yield curves**

*by*Joyce, Michael & Lildholdt, Peter & Sorensen, Steffen

**Fractional Integration and Cointegration: Testing the Term Structure of Interest Rates**

*by*Marco R Barassi & Dayong Zhang

**Asymmetric Standing Facilities: An Unexploited Monetary Policy Tool**

*by*Gabriel Pérez Quirés & Hugo Rodréguez Mendizébal

**Frequency-domain analysis of debt service in a macro-finance model for the euro area**

*by*Renne, J-P.

**No-arbitrage Near-Cointegrated VAR(p) Term Structure Models, Term Premia and GDP Growth**

*by*Jardet, C. & Monfort, A. & Pegoraro, F.

**The Rocky Ride of Break-even-inflation rates**

*by*Cette, G. & De Jong, M.

**A Note on the Volatilities of the Interest Rate and the Exchange Rate Under Different Monetary Policy Instruments: Mexico 1998-2008**

*by*Guillermo Benavides & Carlos Capistrán

**The interbank market after August 2007: what has changed, and why?**

*by*Paolo Angelini & Andrea Nobili & Maria Cristina Picillo

**The Announcement of Monetary Policy Intentions**

*by*Giuseppe Ferrero & Alessandro Secchi

**Extraction of financial market expectations about inflation and interest rates from a liquid market**

*by*Ricardo Gimeno & José Manuel Marqués

**Banking competition, housing prices and macroeconomic stability**

*by*Javier Andrés & Óscar J. Arce

**Determinants of the Inter-Bank Interest Rate in Argentina**

*by*Alejandra Anastasi & Pedro Elosegui & Máximo Sangiácomo

**Bond Liquidity Premia**

*by*Jean-Sébastien Fontaine & René Garcia

**The US Term Structure and Central Bank Policy**

*by*Weber, Enzo & Wolters, Jürgen

**Credit Rationing and Exchange-Rate Stabilization: Examining the Relation between Financial Frictions, Exchange-Rate Volatility, Lending Rates, and Capital Inflows**

*by*Gabriel Martinez

**Asymmetric Standing Facilities: An Unexploited Monetary Policy Tool**

*by*Gabriel Pérez Quirós & Hugo Rodríguez Mendizábal

**ECB Monetary Policy and Term Structure of Interest Rates in the Euro Area: an Empirical Analysis**

*by*Filippo COSSETTI & Francesco GUIDI

**Identification of Macroeconomic Factors in Large Panels**

*by*Lasse Bork & Hans Dewachter & Romain Houssa

**Smooth Dynamic Factor Analysis with an Application to the U.S. Term Structure of Interest Rates**

*by*Borus Jungbacker & Siem Jan Koopman & Michel van der Wel

**Estimating US Monetary Policy Shocks Using a Factor-Augmented Vector Autoregression: An EM Algorithm Approach**

*by*Lasse Bork

**Should we Discount the Far-Distant Future at its Lowest Possible Rate?**

*by*Gollier, Christian

**An Analysis On The Monetary Policy Interest Rate Channel In The Transmission Of The Monetary Impulse**

*by*Glod, Alina Georgeta & Mosneanu, Elena Ana & Balasescu, Florin

**Interest Rate Setting on the Swiss Franc Repo Market**

*by*Sébastien Kraenzlin

**Determinants of the Yield Curve - a Model for the Relationship Between Risk and Yield**

*by*Carr, Douglas

**Detection of Structural Breaks in Copula Models**

*by*Brodsky, Boris & Penikas, Henry & Safaryan, Irina

**Does more government deficit raise the interest rate? Application of extended loanable funds model to Slovenia**

*by*Yu Hsing

**The Financial Indicators Leading Real Economic Activity - the Case of Poland**

*by*Szymon Grabowski

**Monetary policy and prediction of variability**

*by*Karel Brůna

**Valuation of Convexity Related Interest Rate Derivatives**

*by*Jiří Witzany

**Monetary Policy Implementation during the Crisis in 2007 to 2008**

*by*Clemens Jobst

**The role of MNB bills in domestic financial markets. What is the connection between the large volume of MNB bills, bank lending and demand in the government securities markets?**

*by*Csaba Balogh

**The German Sub-national Government Bond Market: Structure, Determinants of Yield Spreads and Berlin's Forgone Bail-out**

*by*Alexander Schulz & Guntram B. Wolff

**Banking Integration, Bank Stability, and Regulation - Introduction to a Special Issue of the International Journal of Central Banking**

*by*Hyun Shin & Reint Gropp

**Futures Contract Rates as Monetary Policy Forecasts**

*by*Giuseppe Ferrero & Andrea Nobili

**Does the Law of One Price Hold in Euro-Area Retail Banking? An Empirical Analysis of Interest Rate Differentials across the Monetary Union**

*by*Massimiliano Affinito & Fabio Farabullini

**Does the Expectation Hypothesis Hold at the Shortest End of the Term Structure?**

*by*Uesugi, Iichiro & Yamashiro, Guy M.

**Modeling the term structure of interest rates on Russian government bonds in 2000 – 2008**

*by*Drobyshevsky Sergey & Lugovoy Oleg & Astafieva Ekaterina & Burkova N. Yu.

**Interest rates and inflation: What are the links?**

*by*Malcolm Sawyer

**Interest rate exogeneity: Theory, evidence and policy issues for the U.S. economy**

*by*Robert Pollin

**Exogeneidad del tipo de interés: teoría, evidencia y temas de política para la economía estadounidense**

*by*Robert Pollin

**La influencia del tipo de interés en los precios. Una reinterpretación heterodoxa de Wicksell**

*by*Eladio Febrero Paños & María José Calderón Milán

**Pricing Foreign Equity Options with Stochastic Correlation and Volatility**

*by*Jun Ma

**Estimación de la tasa de cambio real de equilibrio: aplicación a Colombia**

*by*Jaime Silva González

**On the purchasing power parity for Latin-American countries**

*by*Jose Angelo Divino & Vladimir Kuhl Teles & Joaquim Pinto de Andrade

**Interactions between US and UK interest rates and news spillovers: the impact of the EMU**

*by*Yves Kuhry & Sukriye Tuysuz

**The Effect of Interest Rates on Consumer Credit in Turkey**

*by*Mustafa Ibicioglu & Mehmet Baha Karan

**An Empirical Analysis of Short Term Interest Rate Models for Turkey**

*by*Hasan Sahin & Ismail H. Genç

**An Assessment of the Competition in the Banking Industry: Empirical Evidence from Argentina with Data at Bank Level**

*by*Héctor Gustavo González Padilla

**Considerations Regarding The Influence Of The Base Leading Rate Over Investment Projects Financed By Eu Funds**

*by*Attila Tamas Szora & Iulian Bogdan Dobra

**The British public atitude survey regarding inflation and interest rates**

*by*Marius HERBEI & Florin DUMITER

**Understanding the Forward Premium Puzzle: A Microstructure Approach**

*by*Craig Burnside & Martin Eichenbaum & Sergio Rebelo

**Optimal Monetary Policy Rules in an Estimated Sticky-Information Model**

*by*Ricardo Reis

**A Black Swan in the Money Market**

*by*John C. Williams & John B. Taylor

**Monetary Policy Analysis with Potentially Misspecified Models**

*by*Marco Del Negro & Frank Schorfheide

**Modelling non-linear comovements between time series**

*by*Catherine Kyrtsou & Costas Vorlow

**Time-series predictability in the disaster model**

*by*François Gourio

**Deficits, Explicit Debt, Implicit Debt, and Interest Rates: Some Empirical Evidence**

*by*Zijun Wang & Andrew J. Rettenmaier

**Another Look at Yield Spreads: The Role of Liquidity**

*by*Dong Heon Kim

**Credit Spreads und ihre Determinanten: Eine empirische Analyse für Deutschland**

*by*Horst Rottmann & Franz Seitz

**Tramo corto de la curva de rendimientos, cambio de régimen inflacionario y expectativas de inflación en Colombia**

*by*Arango, Luis Eduardo & Flórez, Luz Adriana

**The 'New Consensus Macroeconomics' in the Light of the Current Crisis**

*by*Elias Karakitsos

**Monetary Policy Implementation and the Federal Funds Rate**

*by*Nautz, Dieter & Schmidt, Sandra

**Level, Slope, Curvature: Characterising the Yield Curve in a Cointegrated VAR Model**

*by*Giese, Julia V.

**Central bank misperceptions and the role of money in interest rate rules**

*by*Beck, Günter W. & Wieland, Volker

**Learning, endogenous indexation and disinflation in the New-Keynesian model**

*by*Wieland, Volker

**A value at risk analysis of credit default swaps**

*by*Scheicher, Martin & Raunig, Burkhard

**Market conditions, default risk and credit spreads**

*by*Tang, Dragon Yongjun & Yan, Hong

**The German sub-national government bond market: evolution, yields and liquidity**

*by*Schulz, Alexander & Wolff, Guntram B.

**The single monetary policy and domestic macro-fundamentals: Evidence from Spain**

*by*Michael G. Arghyrou & Maria Dolores Gadea

**(How) Will the Euro Affect Inflation in the Czech Republic? A contribution to the current debate**

*by*Tomás Slacík

**Are Central Banks following a linear or nonlinear (augmented) Taylor rule?**

*by*Castro, Vítor

**A Macroeconomic Foundation for the Nelson and Siegel Class of Yield Curve Models**

*by*Leo Krippner

**Monetary policy with signal extraction from the bond market**

*by*Kristoffer Nimark

**Considerations on Interest Rate Exogeneity**

*by*Robert Pollin

**On Model Selection and Markov-Switching: An Empirical Examination of Term Structure Models with Regime Shifts**

*by*John Driffill & Turalay Kenc & Martin Sola & Fabio Spagnolo

**Changes in the Terms of Trade and Canada's Productivity Performance**

*by*Diewert, Erwin

**The process of convergence towards the euro for the Visegrad-4 countries**

*by*Giuliana Passamani

**The Impact of ECB Monetary Policy Decisions and Communication on the Yield Curve**

*by*Claus Brand & Daniel Buncic & Jarkko Turunen

**How monetary policy committees impact the volatility of policy rates**

*by*Etienne Farvaque & Norimichi Matsueda & Pierre-Guillaume Méon

**Intelligible Factors for the Yield Curve**

*by*Yvan Lengwiler & Carlos Lenz

**Central Bank Misperceptions and the Role of Money in Interest Rate Rules**

*by*Guenter Beck & Volker Wieland

**Further Results on a Black Swan in the Money Market**

*by*John Taylor & John Williams

**Monetary Policy Rules for Convergence to the Euro**

*by*Lucjan T. Orlowski

**Liquidity and Asset Prices**

*by*Raphael A. Espinoza & Dimitrios P. Tsomocos

**A Term Structure Decomposition of the Australian Yield Curve**

*by*Richard Finlay & Mark Chambers

**Monetary Transmission and the Yield Curve in a Small Open Economy**

*by*Mariano Kulish & Daniel Rees

**The term structure and the expectations hypothesis: a threshold model**

*by*Modena, Matteo

**Bond risk premia, macroeconomic fundamentals and the exchange rate**

*by*Taboga, Marco & Pericoli, Marcello

**Yield to Maturity Is Always Received as Promised: A Reply**

*by*Cebula, Richard & Yang, Bill

**The Term Structure of Interest Rate as a Predictor of Inflation and Real Economic Activity: Nonlinear Evidence from Turkey**

*by*Omay, Tolga

**The macroeconomic determinants of remittances in Bangladesh**

*by*Hasan, Mohammad Monirul

**European Business Fluctuations in the Austrian Framework**

*by*Parnaudeau, Miia

**International parity relations between Poland and Germany: a cointegrated VAR approach**

*by*Stazka, Agnieszka

**Two Curves, One Price :Pricing & Hedging Interest Rate Derivatives Decoupling Forwarding and Discounting Yield Curves**

*by*Bianchetti, Marco

**Price informativeness and predictability: how liquidity can help**

*by*Lin, William & Tsai, Shih-Chuan & Sun, David

**The day-to-day interbank market, volatility, and central bank intervention in a developing economy**

*by*Sánchez-Fung, José R.

**An Analytical Review of Different Concepts of Riba (Interest) in the Sub-Continent**

*by*Aziz, Farooq & Mahmud, Muhammad & Karim, Emadul

**Covered Interest Rate Parity: The Case of the Czech Republic**

*by*Bednarik, Radek

**Short and long run tests of the expectations hypothesis: the Portuguese case**

*by*Silva Lopes, Artur C. B. da & Monteiro, Olga Susana

**Nonlinear Adjustment in US Bond Yields: an Empirical Analysis with Conditional Heteroskedasticity**

*by*Lucchetti, Riccardo & Palomba, Giulio

**What does a financial system say about future economic growth?**

*by*Grabowski, Szymon

**The High Cross-Country Correlations of Prices and Interest Rates**

*by*Henriksen, Espen & Kydland, Finn & Sustek, Roman

**The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?**

*by*Brzoza-Brzezina, Michal & Kot, Adam

**Capital Formation and Capital Stock in Indonesia, 1950-2007**

*by*Pierre van der Eng

**Liquidity and Asset Prices**

*by*Raphael A. Espinoza & Dimitrios P. Tsomocos

**Mr. Wicksell and the global economy: What drives real interest rates?**

*by*Michal Brzoza-Brzezina & Jesus Crespo Cuaresma

**Have Long-term Financial Trends Changed the Transmission of Monetary Policy?**

*by*Boris Cournède & Rudiger Ahrend & Robert W.R. Price

**The Euro Changeover in the Slovak Republic: Implications for Inflation and Interest Rates**

*by*Felix Hüfner & Isabell Koske

**Explaining Movements in the NZ Dollar - Central Bank Communication and the Surprise Element in Monetary Policy?**

*by*Özer Karagedikli & Pierre L. Siklos

**Some benefits of monetary policy transparency in New Zealand**

*by*Aaron Drew & Özer Karagedikli

**Interest Rate Transmission in a Dollarized Economy: the Case of Serbia**

*by*Milan Aleksiæ & Ljiljana Ðurðeviæ & Mirjana Paliæ & Nikola Tasiæ

**Interest Rate Transmission in a Dollarized Economy: the Case of Serbia**

*by*Milan Aleksic & Ljiljana Djurdjevic & Mirjana Palic & Nikola Tasic

**Are Central Banks following a linear or nonlinear (augmented) Taylor rule?**

*by*Vítor Castro

**Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation**

*by*Olivier Coibion & Yuriy Gorodnichenko

**Competitive Lending with Partial Knowledge of Loan Repayment**

*by*William A. Brock & Charles F. Manski

**Liquidity and Market Crashes**

*by*Jennifer Huang & Jiang Wang

**A Black Swan in the Money Market**

*by*John B. Taylor & John C. Williams

**Rare Disasters and Exchange Rates**

*by*Emmanuel Farhi & Xavier Gabaix

**Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance**

*by*Xavier Gabaix

**The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?**

*by*Adam Kot & Michal Brzoza-Brzezina

**It’s not only WHAT is said, it’s also WHO the speaker is. Evaluating the effectiveness of central bank communication**

*by*Marek Rozkrut

**Central bank misperceptions and the role of money in interest rate rules**

*by*Guenter Beck & Volker Wieland

**Imperfect information, macroeconomic dynamics and the yield curve : an encompassing macro-finance model**

*by*Hans Dewachter

**Identification of Macroeconomic Factors in Large Panels**

*by*Romain Houssa & Lasse Bork & Hans Dewachter

**The behaviour of the MPC: Gradualism, inaction and individual voting patterns**

*by*Groth, Charlotta & Wheeler, Tracy

**Lending interest rate pass-through in the euro area. A data-driven tale**

*by*Giuseppe Marotta

**Structural breaks in the lending interest rate pass-through and the euro**

*by*Giuseppe Marotta

**Estimating yield curves from swap, BUBOR and FRA data**

*by*Zoltán Reppa

**Corporate Interest Rates and the Financial Accelerator in the Czech Republic**

*by*Fidrmuc, Jarko & Horváth, Roman & Horváthová, Eva

**Einflussfaktoren auf den Credit Spread von Unternehmensanleihen**

*by*Gann, Philipp & Laut, Amelie

**Bank Lending, Housing and Spreads**

*by*Aqib Aslam & Emiliano Santoro

**Monetary Policy Surprises and the Expectations Hypothesis at the Short End of the Yield Curve**

*by*Selva Demiralp

**Asset Pricing in a General Equilibrium Production Economy with Chew-Dekel Risk Preferences**

*by*Claudio Campanale & Gian Luca Clementi & Rui Castro

**A multiobjective approach using consistent rate curves to the calibration of a Gaussian Heath-Jarrow-Morton model**

*by*Antonio Falcó & Juan Nave & Lluís Navarro

**Do remittances impact the economy? Some empirical evidences from a developing economy**

*by*Hrushikesh Mallick

**Optimizing Time-series Forecasts for Inflation and Interest Rates Using Simulation and Model Averaging**

*by*Jumah, Adusei & Kunst, Robert M.

**A note on the model selection risk for ANOVA based adaptive forecasting of the EURIBOR swap term structure**

*by*Oliver Blaskowitz & Helmut Herwartz

**Adaptive Forecasting of the EURIBOR Swap Term Structure**

*by*Oliver Blaskowitz & Helmut Herwatz

**Impact of IPO Activities on the Hong Kong Dollar Interbank Market**

*by*Frank Leung & Philip Ng

**What Drives Hong Kong Dollar Swap Spreads: Credit or Liquidity?**

*by*Cho-Hoi Hui & Lillie Lam

**Complete Monotonicity of the Representative Consumer's Discount Factor**

*by*Hara, Chiaki

**Firm Age and the Evolution of Borrowing Costs: Evidence from Japanese Small Firms**

*by*Sakai, Koji & Uesugi, Iichiro & Watanabe, Tsutomu

**The Monetary Policy Decision-Making Process and the Term Structure of Interest Rates**

*by*Dillén, Hans

**Monetary Policy Regimes and the Volatility of Long-Term Interest Rates**

*by*Queijo von Heideken, Virginia

**A continuous-time model of the term structure of interest rates with fiscal-monetary policy interactions**

*by*Marzo, Massimiliano & Romagnoli, Silvia & Zagaglia, Paolo

**Money-market segmentation in the Euro area: what has changed during the turmoil?**

*by*Zagaglia, Paolo

**The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices**

*by*Michael Funke & Sebastian Weber & Jörg Döpke & Sean Holly

**The Term Structure and the Expectations Hypothesis: a Threshold Model**

*by*Matteo Modena

**A Long-Run Risks Model of Asset Pricing with Fat Tails**

*by*Zhiguang Wang & Prasad V. Bidarkota

**Incomplete Information in a Long Run Risks Model of Asset Pricing**

*by*Prasad V. Bidarkota

**The Simultaneity Bias of the Uncovered Interest Rate Parity: Evidence for Brazil**

*by*Alex Luiz Ferreira

**Valuation of Convexity Related Derivatives**

*by*Jiří Witzany

**The ECB and the bond market**

*by*Carlo Favero & Francesco Giavazzi

**Estimating Term Structure Equations Using Macroeconomic Variables**

*by*Fair, Ray C.

**Beating the Random Walk: a Performance Assessment of Long-term Interest Rate Forecasts**

*by*Frank A.G. den Butter & Pieter W. Jansen

**Have Euro Area Government Bond Risk Premia Converged To Their Common State?**

*by*Lorenzo Pozzi & Guido Wolswijk

**Commodity derivative markets**

*by*Lautier, Delphine

**Estimating Term Structure Equations Using Macroeconomic Variables**

*by*Ray C. Fair

**Nonparametric Estimation of Scalar Diffusion Processes of Interest Rates Using Asymmetric Kernels**

*by*Nikolay Gospodinov & Masayuki Hirukawa

**Monetary Policy Regimes and the Term Structure of Interest Rates**

*by*Bikbov, Ruslan & Chernov, Mikhail

**Inflation Targeting as the New Golden Standard**

*by*Spivak, Avia & Sussman, Nathan

**Central Bank Misperceptions and the Role of Money in Interest Rate Rules**

*by*Beck, Günter & Wieland, Volker

**The Procyclical Effects of Basel II**

*by*Repullo, Rafael & Suarez, Javier

**In Search of a Theory of Debt Management**

*by*Faraglia, Elisa & Marcet, Albert & Scott, Andrew

**Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model**

*by*Wieland, Volker

**Does Competition Reduce the Risk of Bank Failure?**

*by*Martinez-Miera, David & Repullo, Rafael

**Should the Euro Area be Run as a Closed Economy?**

*by*Favero, Carlo A & Giavazzi, Francesco

**How Does Liquidity Affect Government Bond Yields?**

*by*Favero, Carlo A & Pagano, Marco & von Thadden, Ernst-Ludwig

**La curva de rendimientos a plazo y las expectativas de tasas de interes en el mercado de renta fija en colombia 2002-2007**

*by*Diego Alonso Agudelo Rueda & Mónica Arango Arango

**Pass-Through" de las tasas de interés en Colombia: Un enfoque multivariado con cambio de régimen "**

*by*Rocío Betancourt García & Martha Misas Arango & Leonardo Bonilla Mejía

**Política monetaria para la coyuntura y el mediano plazo: Observaciones y Conjeturas**

*by*Carlos Esteban Posada & Luis Eduardo Arango

**Cambios de las tasas de política, paridad cubierta de intereses y estructura a plazo**

*by*Luis Eduardo Arango & Daniel Eduardo Velandia

**Expectativas, Tasa de Interés y Tasa de Cambio. Paridad Cubierta y no Cubierta en Colombia 2000-2007**

*by*Juan Jose Echavarría & Diego Vásquez & Mauricio Villamizar

**Estructura a plazo, hipótesis de expectativas y paridad descubierta de intereses en Colombia**

*by*Juan Camilo Rojas

**The Procyclical Effects Of Basel Ii**

*by*Rafael Repullo & Javier Suarez

**Does Competition Reduce The Risk Of Bank Failure?**

*by*Rafael Repullo & David Martínez-Miera

**Discounting the Long-Distant Future: A Simple Explanation for the Weitzman-Gollier-Puzzle**

*by*Wolfgang Buchholz & Jan Schumacher

**The single monetary policy and domestic macro-fundamentals: Evidence from Spain**

*by*Arghyrou, Michael G & Gadea, Maria Dolores

**Constructing Structural VAR Models with Conditional Independence Graphs**

*by*Les Oxley & Marco Reale & Granville Tunnicliffe Wilson

**The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices**

*by*Döpke, J. & Funke, M. & Holly, S. & Weber, S.

**Monetary Policy and European Unemployment**

*by*Ronald Schettkat & Rongrong Sun

**Asymptotic Maturity Behavior of the Term Structure**

*by*Klaas Schulze

**An Affine Factor Model of the Greek Term Structure**

*by*Hiona Balfoussia

**Understanding the real rate conundrum: an application of no-arbitrage finance models to the UK real yield curve**

*by*Joyce, Michael & Kaminska, Iryna & Lildholdt, Peter

**A no-arbitrage structural vector autoregressive model of the UK yield curve**

*by*Kaminska, Iryna

**Measuring monetary policy expectations from financial market instruments**

*by*Joyce, Michael & Relleen, Jonathan & Sorensen, Steffen

**Identifying the interdependence between US monetary policy and the stock market**

*by*Hilde C. Bjørnland & Kai Leitemo

**In Search of a Theory of Debt Management**

*by*Elisa Faraglia & Albert Marcet & Andrew Scott

**Assessing the shape of the distribution of interest rates: lessons from French individual data**

*by*Lacroix, R.

**La prévision des taux d’intérêt à partir de contrats futures : l’apport de variables économiques et financières**

*by*Coffinet, J.

**A Macroeconomic Model of the Term Structure of Interest Rates in Mexico**

*by*Josué Fernando Cortés Espada & Manuel Ramos Francia

**An Affine Model of the Term Structure of Interest Rates in Mexico**

*by*Josué Fernando Cortés Espada & Manuel Ramos Francia

**An Empirical Analysis of the Mexican Term Structure of Interest Rates**

*by*Josué Fernando Cortés Espada & Alberto Torres García & Manuel Ramos Francia

**A beta based framework for (lower) bond risk premia**

*by*Stefano Nobili & Gerardo Palazzo

**Short-term interest rate futures as monetary policy forecasts**

*by*Giuseppe Ferrero & Andrea Nobili

**Uncertainty and the price of risk in a nominal convergence process**

*by*Ricardo Gimeno & José Manuel Marqués

**McCallum Rules, Exchange Rates, and the Term Structure of Interest Rates**

*by*Antonio Diez de los Rios

**Combining Canadian Interest-Rate Forecasts**

*by*David Jamieson Bolder & Yuliya Romanyuk

**Macroeconomic Determinants of the Term Structure of Corporate Spreads**

*by*Jun Yang

**Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?**

*by*Philipp Maier & Garima Vasishtha

**In Search of a Theory of Debt Management**

*by*Albert Marcet & Elisa Faraglia & Andrew Scott

**Mean Reversion in US and International Short Rates**

*by*Charlotte Christiansen

**Explaining Macroeconomic and Term Structure Dynamics Jointly in a Non-linear DSGE Model**

*by*Martin Møller Andreasen

**The limiting properties of the QMLE in a general class of asymmetric volatility models**

*by*Christian M. Dahl & Emma M. Iglesias

**Asymmetric Monetary Policy in the Czech Republic?**

*by*Roman Horvath

**The History of Inflation Targeting in the Czech Republic through Optic of a Dynamic General Equilibrium Model**

*by*Jarek Hurnik & Ondra Kamenik & Jan Vlcek

**Level, Slope, Curvature: Characterising the Yield Curve in a Cointegrated VAR Model**

*by*Giese, Julia V.

**Econometric Model of Interest Rates on Deposits in Montenegro**

*by*Ivana Stešević

**La indeterminación del nivel de precios cuando el banco central sigue una regla de tasa de interés**

*by*Lizarazu, Eddy

**Forecasting for the Bank's Asset-Liability Management**

*by*Penikas, Henry

**Market Discipline and Deposit Insurance**

*by*Peresetsky, Anatoly

**Monetary Policy Stance and Future Inflation: The Case of Czech Republic**

*by*Roman Horvath

**The Interest Rate Pass-Through in Austria – Effects of the Financial Crisis**

*by*Clemens Jobst & Claudia Kwapil

**Interest rate expectations and macroeconomic shocks affecting the yield curve**

*by*Zoltán Reppa

**An Optimal Taylor Rule for Colombia, 1991-2006**

*by*Remberto Rhenals & Juan Pablo Saldarriaga

**On prices in the new neoclassical Sythesis in Macroeconomics**

*by*Alexander Tobon

**The Yield Curve and the Interest Rates Expectations on Fixed Income Market in Colombia Between 2002 and 2007**

*by*Diego Agudelo Rueda & Mónica Arango Arango

**An Analytical Review of Different Concepts of Riba (Interest) in the Sub-Continent**

*by*Farooq Aziz & Muhammad Mahmud & Emad ul Karim

**Cambios de la Tasa de Política y su Efecto en la Estructura a Plazo de Colombia**

*by*Luis Eduardo Arango & Andrés González & John Jairo León & Luis Fernando Melo.

**Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective**

*by*Rocío Betancourt & Hernando Vargas & Norberto Rodríguez.

**Modeling Short-Term Interest Rate Spreads in the Euro Money Market**

*by*Nuno Cassola & Claudio Morana

**The History of Inflation Targeting in the Czech Republic Through the Lens of a Dynamic General Equilibrium Model**

*by*Jaromír Hurník & Ondøej Kameník & Jan Vlèek

**Measuring the Financial Markets’ Perception of EMU Enlargement: The Role of Ambiguity Aversion**

*by*Martin Cincibuch & Matrina Horníková

**Monetary Policy Efficiency in the Economies of Central Asia**

*by*Asel Isaková

**Análisis empírico de la relación entre las tasas de interés forward subyacentes al mercado Mexicano de swaps de TIIE**

*by*Jesús Bravo Pliego

**La política monetaria de la reserva federal y del Banco de la República: entre la ortodoxia y las presiones inflacionarias**

*by*Romel Rodríguez Hernández

**Los precios en la nueva síntesis neoclásica-keynesiana en macroeconomía**

*by*Tobón, Alexander

**Una regla de Taylor óptima para Colombia, 1991-2006**

*by*Rhenals M., Remberto & Saldarriaga, Juan Pablo

**La curva de rendimientos a plazo y las expectativas de tasas de interés en el mercado de renta fija en Colombia, 2002-2007**

*by*Diego Agudelo Rueda & Mónica Arango Arango

**The Wicksellian Flavour in Macroeconomics**

*by*Barbaroux, Nicolas

**Expectativas, tasa de interés y tasa de cambio: paridad cubierta y no cubierta en Colombia, 2000-2007**

*by*Juan José Echavarría & Diego Vásquez

**Developments in repo markets during the financial turmoil**

*by*Peter Hördahl & Michael R King

**The ABX: how do the markets price subprime mortgage risk?**

*by*Ingo Fender & Martin Scheicher

**The inflation risk premium in the term structure of interest rates**

*by*Peter Hördahl

**Monetary operations and the financial turmoil**

*by*Claudio Borio & William Nelson

**Overlapping Generations: The First Jubilee**

*by*Philippe Weil

**Default Risk and Income Fluctuations in Emerging Economies**

*by*Cristina Arellano

**Variable Rare Disasters: A Tractable Theory of Ten Puzzles in Macro-finance**

*by*Xavier Gabaix

**Should the Euro Area Be Run as a Closed Economy?**

*by*Carlo Favero & Francesco Giavazzi

**The Economics of Climate Change**

*by*Nicholas Stern

**Endogenous State Prices, Liquidity, Default, and the Yield Curve**

*by*Raphael A. Espinoza & Dimitrios P Tsomocos

**THE SGP and the ECB an exercise in asymmetry**

*by*Mayes, David & Viren , Matti

**Emerging Markets’ Deficits, Privatization, and Interest Rates**

*by*Walker, David A.

**Tests for Asymmetric Threshold Cointegration with an Application to the Term Structure**

*by*Mark E. Wohar & Robert Sollis

**Devlet iç borçlanma senetleri için getiri eğrisi tahmini**

*by*Özge AKINCI & Burcu GÜRCİHAN & Refet GÜRKAYNAK & Özgür ÖZEL

**Nominal and Real Interest Rates during an Optimal Disinflation in New Keynesian Models**

*by*Marcus Hagedorn

**What Explains the Spread Between the Euro Overnight Rate and the ECB's Policy Rate?**

*by*Linzert, Tobias & Schmidt, Sandra

**Debt and Interest Rates: The U.S. and the Euro Area**

*by*Frankel, Jeffrey & Chinn, Menzie D.

**Explaining the US bond yield conundrum**

*by*Bandholz, Harm & Clostermann, Jörg & Seitz, Franz

**The yield spread and GDP growth - Time Varying Leading Properties and the Role of Monetary Policy**

*by*Hogrefe, Jens

**Monetary policy and core inflation**

*by*Lenza, Michele

**Simple interest rate rules with a role for money**

*by*Scharnagl, Michael & Gerberding, Christina & Seitz, Franz

**Money in monetary policy design under uncertainty: the Two-Pillar Phillips Curve versus ECB-style cross-checking**

*by*Beck, Günter W. & Wieland, Volker

**An affine macro-finance term structure model for the euro area**

*by*Lemke, Wolfgang

**Money-based interest rate rules: lessons from German data**

*by*Gerberding, Christina & Seitz, Franz & Worms, Andreas

**Threshold dynmamics of short-term interest rates: empirical evidence and implications for the term structure**

*by*Archontakis, Theofanis & Lemke, Wolfgang

**Term Structure Dynamics in a Monetary Economy with Learning**

*by*Sadayuki Ono

**Real economic activity and state of financial markets**

*by*Szymon Grabowski

**Real Convergence, Price Level Convergence and Inflation Differentials in Europe**

*by*Balazs Egert

**Approximating Monetary Policy: Case Study for the ASEAN-5**

*by*Arief Ramayandi

**Yield curve reaction to macroeconomic news in Europe :disentangling the US influence**

*by*Marie Briere & Florian Ielpo

**Globalization, markups and the natural rate of interest**

*by*Jean-Marc Natal & Nicolas Stoffels

**An Orthogonal Polynomial Approach to Estimate the Term Structure of Interest Rates**

*by*Hans-Jürg Büttler

**Automated Likelihood Based Inference for Stochastic Volatility Models**

*by*Hans J. Skaug & Jun Yu

**Automated Likelihood Based Inference for Stochastic Volatility Models**

*by*Jun Yu

**Endogenous State Prices, Liquidity, Default, and the Yield Curve**

*by*Raphael A. Espinoza & Charles A. E. Goodhart & Dimitrios P. Tsomocos

**Anticipated Fiscal Policy and Adaptive Learning**

*by*George W. Evans & Seppo Honkapohja & Kaushik Mitra

**A Theoretically Defensible Measure of Risk: Using Financial Market Data from a Middle Income Context**

*by*Johannes Fedderke & Neryvia Pillay

**Learning About the Term Structure and Optimal Rules for Inflation Targeting**

*by*Mewael F. Tesfaselassie & Eric Schaling & Sylvester Eijffinger

**The Spatial Distribution of Manufacturing in South Africa 1970-1996, its Determinants and Policy Implications**

*by*Johannes Fedderke & Alexandra Wollnik

**Asset Pricing in a Production Economy with ChewÐDekel Preferences**

*by*Claudio Campanale & Rui Castro & Gian Luca Clementi

**Re-examining the Importance of Trade Openness for Aggregate Instability**

*by*Stephen McKnight & Alexander Mihailov

**Investment and Interest Rate Policy in the Open Economy**

*by*Stephen McKnight

**Real Indeterminacy and the Timing of Money in Open Economies**

*by*Stephen McKnight

**Re-examining the Importance of Trade Openness for Aggregate Instability**

*by*Stephen McKnight & Alexander Mihailov

**Investment and Interest Rate Policy in the Open Economy**

*by*Stephen McKnight

**Real Indeterminacy and the Timing of Money in Open Economies**

*by*Stephen McKnight

**Why Central Banks Smooth Interest Rates? A Political Economy Explanation**

*by*Carlos Montoro

**Forecasting the Yield Curve Using Priors from No Arbitrage Affine Term Structure Models**

*by*Andrea Carriero

**A Bayesian Framework for the Expectations Hypothesis. How to Extract Additional Information from the Term Structure of Interest Rates**

*by*Andrea Carriero

**The Curse of Irving Fisher (Professional Forecasters' Version)**

*by*Gregor W. Smith & James Yetman

**Great Moderation(s) and U.S. Interest Rates: Unconditional Evidence**

*by*James M. Nason & Gregor W. Smith

**The Forward Premium of Euro Interest Rates**

*by*Sónia Costa & Ana Beatriz Galvão

**Yield to Maturity Is Always Received as Promised**

*by*Cebula, Richard & Yang, Bill

**The effects of a greater central bank credibility on interest rates level and volatility response to news in the U.K**

*by*Tuysuz, Sukriye

**Interactions between interest rates and the transmission of monetary and economic news: the cases of US and UK**

*by*Tuysuz, Sukriye & Kuhry, Yves

**Central Bank transparency and the U.S. interest rates level and volatility response to U.S. news**

*by*TUYSUZ, Sukriye

**Monetary Policy In Islamic Economic Framework: Case of Islamic Republic of Iran**

*by*Kiaee, Hasan

**Liquidity-adjusted benchmark yield curves: a look at trading concentration and information**

*by*Lin, William & Sun, David

**Estimation of the Equilibrium Interest Rate: Case of CFA zone**

*by*Dramani, Latif & Laye, Oumy

**The expectations hypothesis of the term structure: some empirical evidence for Portugal**

*by*Silva Lopes, Artur C. & M. Monteiro, Olga Susana

**CMS swaps in separable one-factor Gaussian LLM and HJM model**

*by*Henrard, Marc

**The irony in the derivatives discounting**

*by*Henrard, Marc

**Explaining the US Bond Yield Conundrum**

*by*Bandholz, Harm & Clostermann, Joerg & Seitz, Franz

**An Analytical Solution for the Interest Rate Reaction Function in a Neo- Keynesian Economy Using the Undetermined Coefficients Method**

*by*Arend, Mario

**Debt-deficit dynamics in India and macroeconomic effects: A structural approach**

*by*Kannan, R & Singh, Bhupal

**Skewed Libor Market Model and Gaussian HJM explicit approaches to rolled deposit options**

*by*Henrard, Marc

**The usury doctrine and urban public finances in late-medieval Flanders (1220 - 1550): rentes (annuities), excise taxes, and income transfers from the poor to the rich**

*by*Munro, John H.

**Investment and Monetary Policy: Learning and Determinacy of Equilibrium**

*by*John Duffy & Wei Xiao

**Determinants of Interest Spread in Pakistan**

*by*Idrees Khawaja & Musleh-ud Din

**Kelet-közép európai devizaárfolyamok elõrejelzése határidõs árfolyamok segítségével**

*by*Zsolt Darvas & Zoltán Schepp

**Anticipated Fiscal Policy and Adaptive Learning**

*by*George W. Evans & Seppo Honkapohja & Kaushik Mitra

**Real Convergence, Price Level Convergence and Inflation Differentials in Europe**

*by*Balázs Égert

**The Explanatory Power of Monetary Policy Rules**

*by*John B. Taylor

**Housing and Monetary Policy**

*by*John B. Taylor

**The Long and the Short End of the Term Structure of Policy Rules**

*by*Josephine M. Smith & John B. Taylor

**No-Arbitrage Taylor Rules**

*by*Andrew Ang & Sen Dong & Monika Piazzesi

**Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices**

*by*Xavier Gabaix

**Cracking the Conundrum**

*by*David K. Backus & Jonathan H. Wright

**Mortgage Timing**

*by*Ralph S.J Koijen & Otto Van Hemert & Stijn Van Nieuwerburgh

**Why Do Emerging Economies Borrow Short Term?**

*by*Fernando A. Broner & Guido Lorenzoni & Sergio L. Schmukler

**The Term Structure of Real Rates and Expected Inflation**

*by*Andrew Ang & Geert Bekaert & Min Wei

**The Demand for Treasury Debt**

*by*Arvind Krishnamurthy & Annette Vissing-Jorgensen

**The determinants of stock and bond return comovements**

*by*Lieven Baele & Geert Bekaert & Koen Inghelbrecht

**Further evidence on the impact of economic news on interest**

*by*Dominique Guégan & Florian Ielpo

**Uncovering Yield Parity: A New Insight into the UIP Puzzle through the Stationarity of Long Maturity Forward Rates**

*by*Zsolt Darvas & GÃ¡bor Rappai & ZoltÃ¡n Schepp

**Is a word to the wise indeed enough? ECB statements and the predictability of interest rate decisions**

*by*David-Jan Jansen & Jakob de Haan

**Are Euro Interest Rates led by FED Announcements?**

*by*Andrea Monticini & Giacomo Vaciago

**Asset pricing implications for a New Keynesian model**

*by*Bianca De Paoli, Alasdair Scott, Olaf Weeken

**Endogenous Cycles and Liquidity Risk**

*by*Jos van Bommel

**Forecasting Exchange Rates of Major Currencies with Long Maturity Forward Rates**

*by*Zsolt Darvas & Zoltán Schepp

**The Expectations Hypothesis of Term Structure of Interest Rates Revisited**

*by*Fabrizio Casalin

**Emerging Market Sovereign Spreads, Global Financial Conditions and U.S. Macroeconomic News**

*by*Fatih Ozatay & Erdal Ozmen & Gülbin Sahinbeyoglu

**Complete Monotonicity of the Representative Consumer's Discount Factor**

*by*Chiaki Hara

**Shifts in the Inflation Target and Communication of Central Bank Forecasts**

*by*Mewael F. Tesfaselassie

**Money market uncertainty and retail interest rate fluctuations: A cross-country comparison**

*by*Burkhard Raunig & Johann Scharler

**An "Almost-Too-Late" Warning Mechanism For Currency Crises**

*by*Jesus Crespo Cuaresma & Tomas Slacik

**Mr. Wicksell and the global economy: What drives real interest rates?**

*by*Michal Brzoza-Brzezina & Jesus Crespo Cuaresma

**Expectations Hypothesis Tests in the Presence of Model Uncertainty**

*by*Erdenebat Bataa & Dong H. Kim & Denise R. Osborn

**Robust Equilibrium Yield Curves**

*by*Isaac Kleshchelski & Nicolas Vincent

**The Long-run Risk Model: Dynamics and Cyclicality of Interest Rates**

*by*Hasseltoft, Henrik

**Accounting Transparency and the Term Structure of Credit Default Swap Spreads**

*by*Bajlum, Claus & Tind Larsen, Peter

**What determines commercial banks’ demand for reserves in the interbank market**

*by*Kempa, Michal

**Monetary policy, expected inflation and inflation risk premia**

*by*Ravenna , Federico & Seppälä, Juha

**Dutch disease scare in Kazakhstan: Is it real?**

*by*Égert , Balázs & Leonard, Carol S.

**An "almost-too-late" warning mechanism for currency crises**

*by*Crespo Cuaresma, Jesýs & Slacik, Tomas

**Macroeconomic Determinants of Bank Spread in Brazil: An Empirical Evaluation**

*by*Guilherme Jonas Costa da Silva & José Luís Oreiro & Luiz Fernando de Paula

**Estimating Time-Varying Policy Neutral Rate in Real Time**

*by*Roman Horváth

**The Political Economy of Infrastructure Investment in India**

*by*Chetan Ghate

**Do Exchange Rates Move in Line With Uncovered Interest Parity?**

*by*Huisman, R. & Mahieu, R.J. & Mulder, A.

**Revisiting Uncovered Interest Rate Parity: Switching Between UIP and the Random Walk**

*by*Huisman, R. & Mahieu, R.J.

**The Economic Value of Fundamental and Technical Information in Emerging Currency Markets**

*by*de Zwart, G.J. & Markwat, T.D. & Swinkels, L.A.P. & van Dijk, D.J.C.

**El mercado de crédito en México**

*by*Víctor Gerardo Carreón Rodríguez & Malena Svarch Pérez

**Deflationary bubbles**

*by*Willem H. Buiter & Anne C. Sibert

**Endogenous state prices, liquidity, default, and the yield curve**

*by*Raphael A. Espinoza & Charles Goodhart & Dimitrios P. Tsomocos

**Monetary policy committees and interest rate smoothing**

*by*Carlos Montoro

**On Depth and Retrospect: “I Forget, and Forgive – but I Discount”**

*by*Ana Paula Martins

**Future Fiscal and Budgetary Shocks**

*by*Hian Teck Hoon & Edmund S. Phelps

**Determinants of Interest Spread in Pakistan**

*by*Idrees Khawaja & Musleh-ud Din

**How committees reduce the volatility of policy rates**

*by*Etienne Farvaque & Norimichi Matsueda & Pierre-Guillaume Méon

**Analyzing the Term Structure of Interest Rates using the Dynamic Nelson-Siegel Model with Time-Varying Parameters**

*by*Siem Jan Koopman & Max I.P. Mallee & Michel van der Wel

**Predicting the Term Structure of Interest Rates: Incorporating Parameter Uncertainty, Model Uncertainty and Macroeconomic Information**

*by*Michiel D. de Pooter & Francesco Ravazzolo & Dick van Dijk

**Liquidity and the cost of Funds and Integration of the Eurozone Treasury Bills Market**

*by*Biais, Bruno & Renucci, Antoine & Saint-Paul, Gilles

**Government Risk Premiums in the Bond Market: EMU and Canada**

*by*Schuknecht, Ludger & von Hagen, Jürgen & Wolswijk, Guido

**Fiscal Insurance and Debt Management in OECD Economies**

*by*Faraglia, Elisa & Marcet, Albert & Scott, Andrew

**The Expectation Hypothesis of the Term Structure of Very Short-Term Rates: Statistical Tests and Economic Value**

*by*Della Corte, Pasquale & Sarno, Lucio & Thornton, Daniel L

**Why Do Emerging Economies Borrow Short Term?**

*by*Broner, Fernando A & Lorenzoni, Guido & Schmukler, Sergio

**Anticipated Fiscal Policy and Adaptive Learning**

*by*Evans, George W & Honkapohja, Seppo & Mitra, Kaushik

**Term Structure Forecasting: No-Arbitrage Restrictions vs Large Information Set**

*by*Favero, Carlo A & Niu, Linlin & Sala, Luca

**Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips Curve versus ECB-Style Cross-Checking**

*by*Beck, Günter & Wieland, Volker

**Money in Monetary Policy Design: A Formal Characterization of ECB-Style Cross-Checking**

*by*Beck, Günter & Wieland, Volker

**Does The Spot Curve Contain Information On Future Monetary Policy In Colombia**

*by*Juan Manuel Julio

**La curva de rendimientos como predictor de expectativas macroeconómicas**

*by*Juan Camilo Rojas

**The Time-Varying Policy Neutral Rate in Real Time: A Predictor for Future Inflation?**

*by*Roman Horvath

**Inflation Targeting and Communication: Should the Public Read Inflation Reports or Tea Leaves?**

*by*Ales Bulir & Katerina Smidkova & Viktor Kotlan & David Navratil

**Measuring the Financial Markets' Perception of EMU Enlargement: The Role of Ambiguity Aversion**

*by*Martin Cincibuch & Martina Hornikova

**Credit Elasticities in Less-Developed Economies: Implications for Microcredit**

*by*Dean Karlan & Jonathan Zinman

**A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan**

*by*Gunther Schnabl & Christian Danne

**Monetary Policy Committees and Interest Rate Smoothing**

*by*Carlos Montoro

**Fiscal Harmonization in the Presence of Public Inputs**

*by*Gonzalo Fernández de Córdoba & José L. Torres

**Anticipated Fiscal Policy and Adaptive Learning**

*by*Evans, G.W. & Honkapohja ,S. & Mitra, K.

**Determinants of the time varying risk premia**

*by*Pornpinun Chantapacdepong

**Subjective Evaluation Of Delayed Risky Outcomes: An Experimental Approach**

*by*Uri Ben-Zion & Jan Pieter Krahnen & TAL SHAVIT

**Switching VARMA Term Structure Models - Extended Version**

*by*Monfort, A. & Pegoraro, F.

**Euro Area Market Reactions to the Monetary Developments Press Release**

*by*Coffinet, J. & Gouteron, S.

**Determinants of long-term interest rates in the United States and the euro area: A multivariate approach**

*by*De Loubens, A. & Idier, J. & Jardet, C.

**Euro money market interest rates dynamics and volatility: How they respond to recent changes in the operational framework**

*by*Jardet, C. & Le Fol, G.

**Have real interest rates really fallen that much in Spain?**

*by*Roberto Blanco & Fernando Restoy

**A No-Arbitrage Analysis of Macroeconomic Determinants of Term Structures and the Exchange Rate**

*by*Fousseni Chabi-Yo & Jun Yang

**The Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada**

*by*Claude Lavoie & Hope Pioro

**‘This Arbitrary Rearrangement of Riches’: an Alternative Theory of the Costliness of Inflation**

*by*William Coleman

**Spatial Persistence of Demographic Shocks and Economic Growth**

*by*Théophile Azomahou & Claude Diebolt & Tapas Mishra

**Fiscal harmonization in the presence of public inputs**

*by*Gonzalo Fernández-de-Córdoba & José L. Torres

**Level-ARCH Short Rate Models with Regime Switching: Bivariate Modeling of US and European Short Rates**

*by*Charlotte Christiansen

**Does it Pay to Watch Central Bankers’ Lips? The Information Content of ECB Wording**

*by*Friedrich Heinemann & Katrin Ullrich

**The Predictive Power of Interest Rates Spread for Economic Activity**

*by*Raffaele Passaro

**Economic transparency and poverty**

*by*Helder Ferreira De Mendonça & Josè Simao Filho

**Economic transparency and poverty**

*by*Helder Ferreira De Mendonça & Josè Simao Filho

**The interest rate transmission mechanism and the management of interest margin in the context of Czech national bank disinflation policy**

*by*Karel Brůna

**The impact of fresh releases on the yield curve**

*by*Vladimir Pikora

**Monetary policy, trend inflation changes and volatility of interest rates relations: an analysis of long-term interest rate dynamics in the context of changes in czech national bank repo rate**

*by*Karel Brůna

**Determinants of Interest Spread in Pakistan**

*by*M. Idrees Khawaja & Musleh-Ud Din

**The flattening of the yield curve : causes and economic policy implications**

*by*M. Collin

**The liquidity management of the Eurosystem during the period of financial turmoil**

*by*Luc Aucremanne & Jef Boeckx & Olivier Vergote

**The theory and practice of interest rate smoothing**

*by*Ágnes Csermely & András Rezessy

**Kelet-közép-európai devizaárfolyamok előrejelzése határidős árfolyamok segítségével**

*by*Darvas, Zsolt & Schepp, Zoltán

**The Determinants of Sovereign Bond Spreads: Theory and Facts From Latin America**

*by*Martín Grandes

**Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses**

*by*Hiroshi Ugai

**Interest Rate Setting by the ECB, 1999-2006: Words and Deeds**

*by*Stefan Gerlach

**Low Nominal Interest Rates: A Public Finance Perspective**

*by*Noritaka Kudoh

**Transparency, Disclosure, and the Federal Reserve**

*by*Michael Ehrmann & Marcel Fratzscher

**Striving to Be “Clearly Open” and “Crystal Clear”: Monetary Policy Communication of the CNB**

*by*Kateøina Šmídková & Aleš Bulíø

**Some Benefits of Monetary-Policy Transparency in New Zealand**

*by*Aron Drew & Özer Karagedikli

**The Science and Art of Monetary-Policy Communication**

*by*Martin Èihák

**O componente ´custo de oportunidade´ do spread bancário no Brasil: uma abordagem pós-keynesiana**

*by*Carvalho, Carlos Eduardo

**Determinación de una estructura de plazos para el mercado de renta fija de México mediante un modelo de tres factores para la dinámica de la tasa corta**

*by*René Benjamín Pérez Sicairos

**Modelling The German Yield Curve And Testing The Lucas Critique, 1975-2001**

*by*SANTOS, Carlos & OLIVEIRA, Maria Alberta

**Measuring Interest Rates as Determined by Thrift and Productivity**

*by*Woon Gyu Choi

**La Tasa De Interés Natural En Colombia**

*by*JUAN JOSÉ ECHAVARRÍA SOTO & ENRIQUE LÓPEZ ENCISO & MARTHA MISAS ARANGO & JUANA TÉLLEZ CORREDOR- JUAN CARLOS PARRA ÁLVAREZ

**Unit roots and persistence in the nominal interest rate: a confirmatory analysis applied to the OECD**

*by*Diego Romero-Ávila

**What drives provincial-Canada yield spreads?**

*by*Laurence Booth & George Georgopoulos & Walid Hejazi

**The Canadian macroeconomy and the yield curve: an equilibrium-based approach**

*by*René Garcia & Richard Luger

**La demande de titres longs par les non-residents explique-t-elle le bas niveau des taux longs publics americains ?**

*by*Bruno Ducoudre

**The Money Market Daily Session :an UHF-GARCH Model Applied to the Portuguese Case Before and After the Introduction Of the Minimum Reserve System of the Single Monetary Policy**

*by*Fatima Sol Murta

**Determinants of bank interest rates and comparisons between Greece and the euro area**

*by*Sophocles N. Brissimis & Thomas Vlassopoulos

**The bond market term premium: what is it, and how can we measure it?**

*by*Don H Kim & Athanasios Orphanides

**Cracking the Conundrum**

*by*David K. Backus & Jonathan H. Wright

**L’accès des PME aux financements bancaires**

*by*GABRIELLI, D.

**Les incidences de la réforme de l’usure sur les modalités de financement des PME**

*by*GABRIELLI, D. & HOUSNI-FELLAH, M. & OUNG, V.

**Macroeconomic factors in the term structure of interest rates when agents learn**

*by*Thomas Laubach & Robert J. Tetlow & John C. Williams

**Optimal Simple Nonlinear Rules for Monetary Policy in a New-Keynesian Model**

*by*Paolo Zagaglia & Massimiliano Marzo & Ingvar Strid

**Asset pricing implications of a New Keynesian model**

*by*Bianca De Paoli & Alasdair Scott & Olaf Weeken

**Monetary Policy and the Term Structure: A Fully Structural DSGE approach**

*by*Massimiliano Marzo & Ulf Sodestrom & Paolo Zagaglia

**Economic activity and Recession Probabilities: spread predictive power in Italy**

*by*Costanza Torricelli & Marianna Brunetti

**(Un)naturally low?**

*by*Silvia Sgherri & Marco J. Lombardi

**Using genetic algorithms to improve the term structure of interest rates fitting**

*by*Ricardo Gimeno & Juan M. Nave

**Debt Management Under Complete Markets**

*by*Elisa Faraglia & Albert Marcet & Andrew Scott

**Production, Collateral and the Risk-Free Rate**

*by*Geoffrey Dunbar

**Arbitrage with Fixed Costs and Interest Rate Models**

*by*Jouini, Elyès & Napp, Clotilde

**The Role of Banks in the Transmission of Monetary Policy in the Baltics**

*by*Köhler, Matthias & Hommel, Judith & Grote, Matthias

**Does money matter in the ECB strategy? New evidence based on ECB communication**

*by*Berger, Helge & de Haan, Jakob & Sturm, Jan-Egbert

**How the ECB and US Fed set interest rates**

*by*Belke, Ansgar & Polleit, Thorsten

**Money in monetary policy design under uncertainty: A formal characterization of ECB-style cross-checking**

*by*Beck, Günter W. & Wieland, Volker

**Money in monetary policy design under uncertainty: The two-pillar Phillips curve versus ECB-style cross-checking**

*by*Beck, Günter W. & Wieland, Volker

**Mean variance optimization of non-linear systems and worst-case analysis**

*by*Parpas, Panos & Rustem, Berc & Wieland, Volker & Zakovic, Stan

**Fiscal institutions, fiscal policy and sovereign risk premia**

*by*Hallerberg, Mark & Wolff, Guntram B.

**Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia**

*by*Bernoth, Kerstin & Wolff, Guntram B.

**Bond pricing when the short term interest rate follows a threshold process**

*by*Lemke, Wolfgang & Archontakis, Theofanis

**The dynamic relationship between the Euro overnight rate, the ECB´s policy rate and the term spread**

*by*Offermanns, Christian J. & Nautz, Dieter

**Interest Rate Pass-Through in Central and Eastern Europe: Reborn from Ashes Merely to Pass Away?**

*by*Balázs Égert & Jesus Crespo-Cuaresma & Thomas Reininger

**Real-Time Time-Varying Equilibrium Interest Rates: Evidence on the Czech Republic**

*by*Roman Horváth

**Foreign Exchange Risk Premium Determinants: Case of Armenia**

*by*Tigran Poghosyan & Evzen Kocenda &

**A Yield Curve Perspective on Uncovered Interest Parity**

*by*Leo Krippner

**A Yield Curve Perspective on Uncovered Interest Parity**

*by*Leo Krippner

**Low inflation, a high net savings surplus and institutional restrictions keep the Japanese long-term interest rate low**

*by*Jansen, Pieter W.

**Did capital market convergence lower the effectiveness of the interest rate as a monetary policy tool?**

*by*Jansen, Pieter W.

**Modelling the Duration of Interest Rate Spells Under Inflation Targeting in Canada**

*by*Ruby Shih & David E. A. Giles

**Random walks and cointegration relationships in international parity conditions between Germany and USA for the Bretton-Woods period**

*by*Bevilacqua, Franco

**Random walks and cointegration relationships in international parity conditions between Germany and USA for the post Bretton-Woods period**

*by*Bevilacqua, Franco

**A Further Look into the Demography-based GDP Forecasting Method**

*by*Tapas K. Mishra

**Valor en Riesgo en carteras de renta fija: una comparación entre modelos empíricos de la estructura temporal**

*by*Pilar Abad & Sonia Benito

**Sovereign Risk Premiums in the European Government Bond Market**

*by*Bernoth, Kerstin & Hagen, Jürgen von & Schuknecht, Ludger

**The Determinants of Sovereign Spreads in Emerging Markets**

*by*Olcay Yucel Culha & Fatih Ozatay & Gulbin Sahinbeyoglu

**Determinants of long-term interest rates in the Scandinavian countries**

*by*Suzan Hol

**Market Reactions to Central Bank Communication Policies :Reading Interest Rate Options Smiles**

*by*Marie Briere

**On the Expectations Hypothesis in US Term Structure**

*by*Erdenebat Bataa & Dong Heon Kim & Denise R. Osborn

**The term structure of inflation risk premia and macroeconomic dynamics**

*by*Peter HÃ¶rdahl & Oreste Tristani & David Vestin

**Monetary Policy and the Term Structure of Interest Rates**

*by*Federico Ravenna & University of California & Juha Seppala & University of Illinois

**The Fractional OU Process: Term Structure Theory and Application**

*by*Esben Hoeg & Per Frederiksen

**Macroeconomic Models and the Yield Curve**

*by*Jagjit Chadha & Sean Holly

**Endogenous State Prices, Liquidity, Default, and the Yield Curve**

*by*Raphael A. Espinoza & Charles A. E. Goodhart & Dimitrios P. Tsomocos

**Taking Personalities out of Monetary Policy Decision Making? Interactions, Heterogeneity and Committee Decisions in the Bank of Englandâ€™s MPC**

*by*Arnab Bhattacharjee & Sean Holly

**Labour and Product Market Reforms in the Economy with Distortionary Taxation**

*by*Nikola Bokan & Andrew Hughes Hallett

**Using Taylor Rules to Assess the Relative Activism of the European Central Bank, the Bank of England and the Federal Reserve Board**

*by*David Cobham

**Testing for Parameter Stability in Dynamic Models Across Frequencies**

*by*Bertrand Candelon & Gianluca Cubadda

**Alongamento dos títulos de renda fixa no Brasil**

*by*Márcio Gomes Pinto Garcia & Juliana Salomão

**Monetary Policy Rules and Exchange Rates:A Structural VAR Identified by No Arbitrage**

*by*Sen Dong

**Growth-Indexed Bonds in Emerging Markets: a Quantitative Approach**

*by*Andre Faria

**Why Do Emerging Economies Borrow Short Term?**

*by*Fernando Broner & Guido Lorenzoni & Sergio Schmuckler

**Measuring the Natural Interest Rate for the Peruvian Economy**

*by*Paul Castillo & Carlos Montoro & Vicente Tuesta

**Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market**

*by*Kristoffer Nimark

**Term Structure Rules for Monetary Policy**

*by*Mariano Kulish

**Identifying asset price booms and busts with quantile regressions**

*by*José Ferreira Machado & João Sousa

**Real-Time Time-Varying Equilibrium Interest Rates: Evidence on the Czech Republic**

*by*Horvath, Roman

**Stock Market Development, Capital Accumulation and Growth in India since 1950**

*by*Sarkar, Prabirjit

**Identifying Determinants of the Cost of Long Term Borrowing for U.S. Firms: Insights for Management**

*by*Cebula, Richard & McGrath, Richard

**Further evidence on the impact of economic news on interest rates**

*by*Ielpo, Florian & Guégan, Dominique

**Bonds futures: Delta? No gamma!**

*by*Henrard, Marc

**Bonds futures and their options: more than the cheapest-to-deliver; quality option and marginning**

*by*Henrard, Marc

**Why Are Interest Rates So Low?**

*by*John, Tatom

**TIPS Options in the Jarrow-Yildirim model**

*by*Henrard, Marc

**An Interpretation of An Affine Term Structure Model for Chile**

*by*Juan Marcelo, Ochoa

**A Reinterpretation and Remedy of Keynes’s Liquidity Preference Theory**

*by*Wenge Huang

**The Value of Interest Rate Stabilization Policies When Agents are Learning**

*by*John Duffy & Wei Xiao

**A Three-Factor Yield Curve Model: Non-Affine Structure, Systematic Risk Sources, and Generalized Duration**

*by*Francis X. Diebold & Lei Ji & Canlin Li

**Factors Behind Low Long-Term Interest Rates**

*by*Rudiger Ahrend & Pietro Catte & Robert W.R. Price

**Heterogeneous Expectations and Bond Markets**

*by*Wei Xiong & Hongjun Yan

**Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections**

*by*Glenn D. Rudebusch & John C. Williams

**International Capital Flows and U.S. Interest Rates**

*by*Francis E. Warnock & Veronica Cacdac Warnock

**Modern Macroeconomics in Practice: How Theory is Shaping Policy**

*by*Patrick Kehoe & Varadarajan V. Chari

**Can Central Banks Target Bond Prices?**

*by*Kenneth Kuttner

**A General Stochastic Volatility Model for the Pricing and Forecasting of Interest Rate Derivatives**

*by*Anders B. Trolle & Eduardo S. Schwartz

**The term structure of interest rates in a DSGE model**

*by*Marina Emiris

**Structural breaks in the interest rate pass-through and the euro. A cross-country study in the euro area and the UK**

*by*Giuseppe Marotta

**Multiple breaks in lending rate pass-through A cross country study for the euro area**

*by*Gianluca Di Lorenzo & Giuseppe Marotta

**Structural breaks in the interest rate pass-through and the euro. A cross-country study in the euro area and the UK**

*by*Giuseppe Marotta

**Multiple breaks in lending rate pass-through A cross country study for the euro area**

*by*Gianluca Di Lorenzo & Giuseppe Marotta

**The effect of the MNB’s communication on financial markets**

*by*Péter Gábriel & Klára Pintér

**A Factor Model of the Term Structure of Interest Rates and Risk Premium Estimation for Latvia's Money Market**

*by*Viktors Ajevskis & Kristine Vitola

**Forecasting interest rate swap spreads using domestic and international risk factors: Evidence from linear and non-linear models**

*by*Ilias Lekkos & Costas Milas & Theodore Panagiotidis

**The Impact of ECB Communication on Financial Market Expectations**

*by*Michael Lamla & Sarah M. Rupprecht

**Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication**

*by*Helge Berger & Jakob de Haan & Jan-Egbert Sturm

**Forecasting interest rate swap spreads using domestic and international risk factors: Evidence from linear and non-linear models**

*by*Costas Milas & Ilias Lekkos & Theodore Panagiotidis

**Crowding-out and Crowding-in Effects of Government Bonds Market on Private Sector Investment (Japanese Case Study)**

*by*Abdullatif Alani, Emad M.A.

**Modeling The Euro Overnight Rate**

*by*Ángel León & Francis Benito & Juan Nave

**Term structure of interest rate. european financial integration**

*by*Hortènsia Fontanals & Elisabet Ruiz & Catalina Bolancé

**Indexed Bonds and Revisions of Inflation Expectations**

*by*Reschreiter, Andreas

**Financial Structure and its Impact on the Convergence of Interest Rate Pass-through in Europe. A Time-varying Interest Rate Pass-through Model**

*by*Schwarzbauer, Wolfgang

**Structural Econometric Approach to Bidding in the Main refinancing Operations of the Eurosystem**

*by*Nuno Cassola & Christian Ewerhart & Claudio Morana

**British Interest Rate Convergence between the US and Europe: A Recursive Cointegration Analysis**

*by*Enzo Weber

**Time Series Analysis of the Expectations Hypothesis for the Japanese Term Structure of Interest Rates in the Presence of Multiple Structural Breaks**

*by*Sugita, Katsuhiro

**Can a time-varying equilibrium real interest rate explain the excess sensitivity puzzle?**

*by*Alexius, Annika & Welz, Peter

**Measuring Expectations**

*by*Kjellberg, David

**Chartist Trading in Exchange Rate Theory**

*by*Selander, Carina

**Does the Yield Spread Predict the Output Gap in the U.S.?**

*by*Zagaglia, Paolo

**The Predictive Power of the Yield Spread under the Veil of Time**

*by*Zagaglia, Paolo

**Life-Cycle Housing and Portfolio Choice with Bond Markets**

*by*van Hemert, Otto

**Monetary policy and rejections of the expectations hypothesis**

*by*Ravenna , Federico & Seppälä , Juha

**Money market volatility, A simulation study**

*by*Kempa , Michal

**A Re-examination of the link between Real Exchange Rates and Real Interest Rate Differentials**

*by*Mathias Hoffmann & Ronald MacDonald

**Asset Pricing with Incomplete Information In a Discrete Time Pure Exchange Economy**

*by*Prasad Bidarkota & Brice Dupoyet

**Learning About the Term Structure and Optimal Rules for Inflation Targeting**

*by*Tesfaselassie, M.F. & Schaling, E. & Eijffinger, S.C.W.

**On Simple Conditions for Mixed Equilibria in Dualistic Models. Part II: Degree of Coverage**

*by*Ana Paula Martins

**On Simple Conditions for Mixed Equilibria in Dualistic Models. Part I: Degree of Mobility**

*by*Ana Paula Martins

**A Two-Stage Realized Volatility Approach to Estimation of Diffusion Processes with Discrete**

*by*Peter C. B. Phillips & Jun Yu

**Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia**

*by*Kerstin Bernoth & Guntram Wolff

**Uncovering Yield Parity: A new insight into the UIP puzzle through the stationarity of long maturity forward rates**

*by*Zsolt Darvas & G�bor Rappai & Zolt�n Schepp

**Low inflation, a high net savings surplus and institutional restrictions keep the Japanese long-term interest rate low**

*by*Jansen, Pieter W.

**Did capital market convergence lower the effectiveness of the interest rate as a monetary policy tool?**

*by*Jansen, Pieter W.

**Learning about the Term Structure and Optimal Rules for Inflation Targeting**

*by*Tesfaselassie, M.F. & Schaling, E. & Eijffinger, S.C.W.

**Monetary Policy, the Bond Market, and Changes in FOMC Communication Policy**

*by*Troy Davig & Jeffrey R. Gerlach

**Money and Production, and Liquidity Trap**

*by*Pradeep Dubey & John Geanakoplos

**The Term Structure of Interest Rates in the European Union**

*by*Minoas Koukouritakis & Leo Michelis

**New-Keynesian Macroeconomics and the Term Structure**

*by*Bekaert, Geert & Cho, Seonghoon & Moreno, Antonio

**Learning About the Term Structure and Optimal Rules for Inflation Targeting**

*by*Eijffinger, Sylvester C W & Schaling, Eric & Tesfaselassie, Mewael F.

**Una Aproximación a La Dinámica de las Tasas de Interés de Corto Plazo en Colombia a través de Modelos GARCH Multivariados**

*by*Luis Fernando Melo Velandia & Oscar Reinaldo Becerra Camargo

**Tasa De Rendimiento De Capital De Colombia Para El Período Entre 1990-2001**

*by*Ana María Tribín Uribe

**La Tasa de Interés Natural en Colombia**

*by*Juan José Echavarría & Enrique López Enciso & Martha Misas Arango & Juana Tellez Corredor

**Interest Rate Pass-Through In Colombia: A Micro- Banking Perspective**

*by*Rocío Betancourt & Hernando Vargas & Norberto Rodríguez Niño

**Efectos de los cambios en la tasa de intervención del Banco de la República sobre la estructura a plazo**

*by*Luis Eduardo Arango & Andrés González & Jhon Jairo León & Luis Fernando Melo

**Taux d’intérêt et marchés boursiers : une analyse empirique de l’intégration financière internationale**

*by*vladimir Borgy & Valérie Mignon

**The Role of the IMF in Well-Performing Low-Income Countries**

*by*Steve Radelet

**Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication**

*by*Helge Berger & Jan-Egbert Sturm

**Foreign Exchange Risk Premium Determinants: Case of Armenia**

*by*Tigran Poghosyan & Evzen Kocenda

**Monetary policy before and after the euro: Evidence from Greece**

*by*Arghyrou, Michael G

**Interest Rate Clustering in UK Financial Services Markets**

*by*John K. Ashton & Robert Hudson

**Macroeconomic Models and the Yield Curve: An assessment of the Fit**

*by*Chadha, J.S. & Holly, S.

**Monetary Policy Rules under Heterogeneous Inflation Expectations**

*by*Sophocles N. Brissimis & Nicholas S. Magginas

**Term Structure Anomalies: Term Premium or Peso problem?**

*by*JARDET, C.

**An empirical analysis of national differences in the retail bank interest rates of the euro area**

*by*Massimiliano Affinito & Fabio Farabullini

**House prices and real interest rates in Spain**

*by*Juan Ayuso & Roberto Blanco & Fernando Restoy

**Can Affine Term Structure Models Help Us Predict Exchange Rates?**

*by*Antonio Diez de los Rios

**A comparative Long-memory Analysis between Spanish, Mexican and U.S. interest rates**

*by*Fernando Espinosa Navarro & Klender Cortez & Roman Jordi Adillon Boladeres

**Forecasting US bond yields at weekly frequency**

*by*Riccardo LUCCHETTI & Giulio PALOMBA

**An interpretation of an affine term structure model of Chile**

*by*J.Marcelo Ochoa

**Spot and foward market intervention during the 1997 Korean currency crisis**

*by*Woosik Moon & Yeongseop Rhee

**Spot and foward market intervention during the 1997 Korean currency crisis**

*by*Woosik Moon & Yeongseop Rhee

**An Investigation of the German Dominance Hypothesis in the Context of Eastern Enlargement of the EU**

*by*Mete Feridun

**Budget Deficit and Interest Rates**

*by*Zdeněk Dvorný

**Glenn Rudebusch’s View on the Targeting of Short-Term Interest Rates**

*by*Karel Brůna

**Globalisation and monetary policy**

*by*J. Boeckx

**Whom should we believe? Information content of the yield curve and analysts’ expectations**

*by*Péter Gábriel & Klára Pintér

**A devizakötvény-felárak és a hitelminősítések összefüggése - keresztmetszeti elemzés. A cross-section analysis**

*by*Kocsis, Zalán & Mosolygó, Zsuzsa

**EMU and the transmission of monetary policy: evidence from business lending rates**

*by*Boris Hofmann

**The Interest Rate Pass-Through in German Banking Groups**

*by*Hiltrud Nehls

**The Bond Yield "Conundrum" from a Macro-Finance Perspective**

*by*Glenn D. Rudebusch & Eric T. Swanson & Tao Wu

**Financial Market Functioning and Monetary Policy: Japanfs Experience**

*by*Naohiko Baba

**The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market**

*by*Naohiko Baba & Motoharu Nakashima & Yosuke Shigemi & Kazuo Ueda

**Time-Varying Risk Premia in the Single European Treasury Bill Market**

*by*Nikolaos Mylonidis

**On The Fisher Effect And Inflation Dynamics In Low-Income Countries: An Assessment Of Sub-Saharan Africa Economies**

*by*NANDWA, Boaz

**The Role of Global Risk Aversion in Explaining Sovereign Spreads**

*by*Alicia Garcia-Herrero & Alvaro Ortiz

**Interest Rate Setting and the Colombian Monetary Transmission Mechanism**

*by*Carlos Andrés Amaya

**Règle de Taylor vs Règle-icm. Application à la zone euro**

*by*Grégory Levieuge

**Libéralisation de la rémunération des dépôts à vue en France : premier bilan**

*by*FONTENY, E. & KIERZENKOWSKI, R. & LASCAR, J.

**Modélisation et analyse des mécanismes du Club de Paris de rachat de créances par prépaiement**

*by*DANIEL, L. & MANAS, A.

**Analyse des taux de soumission aux appels d’offres de l’Eurosystème**

*by*LECINQ, F.

**How the Bundesbank really conducted monetary policy**

*by*Christina Gerberding & Franz Seitz & Andreas Worms

**Bond Yield Predictability and Estimation of Affine Term Structure Models**

*by*Bovorn Vichiansin

**Using a Nonlinear Filter to Estimate a Multifactor Term Structure Model with Gaussian Mixture Innovations**

*by*Wolfgang Lemke

**Do Actions Speak Louder Than Words?The Response of Asset Prices to Monetary Policy Actions and Statements**

*by*Refet GÃ¼rkaynak & Brian Sack

**Central bank power is a matter of faith**

*by*Bengtsson, Ingemar

**Soybean Inventory and Forward Curve Dynamics**

*by*Nguyen, Vu-Nhat & Geman, Hélyette

**A Note on Deficit, Implicit Debt, and Interest Rates**

*by*Zijun Wang

**The Elasticity of Substitution across Maturities in International Capital Markets: A Simple Test**

*by*Drakos, Konstantinos

**Dibs Faiz Oranlarında Oynaklığın Koşulu Değişen Varyans Modeli İle Tahmini Ve Öngörülmesi**

*by*Kıvılcım M. ÖZCAN & Suat AYDIN

**Does it Pay to Watch Central Bankers' Lips? The Information Content of ECB Wording**

*by*Heinemann, Friedrich & Ullrich, Katrin

**The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy**

*by*Schnabl, Gunther & Danne, Christian

**Modeling the FIBOR/EURIBOR Swap Term Structure : An Empirical Approach**

*by*Blaskowitz, Oliver J. & Herwartz, Helmut & de Cadenas Santiago, Gonzalo

**Liquidity Preference Theory Revisited—To Ditch or to Build on It?**

*by*Joerg Bibow

**Modeling Interest Rate Transmission Dynamics In Greece. Is There Any Structural Break After Emu?**

*by*DIONYSIOS CHIONIS & COSTAS LEON

**Are Europe's Interest Rates led by FED Announcements?**

*by*Andrea Monticini & Giacomo Vaciago

**Interest Rate Rules and the Response to the Output Gap**

*by*Juan Paez-Farrell

**The CNB’s Policy Decisions – Are They Priced in by the Markets?**

*by*David Navrátil & Viktor Kotlán

**The Role Of Global Risk Aversion In Explaining Latin American Sovereign Spreads**

*by*ALICIA GARCIA HERRERO & ALVARO ORTIZ

**The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy**

*by*Gunther Schnabl & Christian Danne

**Expectations, Bond Yields and Monetary Policy**

*by*Albert Lee Chun

**Libor Market Model and Gaussian HJM explicit approaches to option on composition**

*by*Marc Henrard

**Convexity adjustment and delivery option in Australian dollar 90 Day Bills Futures**

*by*Marc Henrard

**Modelling International Bond Markets with Affine Term Structure Models**

*by*Georg Mosburger & Paul Schneider

**Bank interest rates in a small European economy: Some exploratory macro level analyses using Finnish data**

*by*Karlo Kauko

**The intraday price of money: evidence from the e-MID market**

*by*Angelo Baglioni & Andrea Monticini

**Bermudan swaptions in Hull-White one-factor model: analytical and numerical approaches**

*by*Marc Henrard

**Bond Yield Compression in the Countries Converging to the Euro**

*by*Lucjan T. Orlowski & Kirsten Lommatzsch &

**A New Framework for Yield Curve, Output and Inflation Relationships**

*by*Leo Krippner

**A New Framework for Yield Curve, Output and Inflation Relationships**

*by*Leo Krippner

**Attributing Returns and Optimising United States Swaps Portfolios Using an Intertemporally-Consistent and Arbitrage-Free Model of the Yield Curve**

*by*Leo Krippner

**Attributing Returns and Optimising United States Swaps Portfolios Using an Intertemporally-Consistent and Arbitrage-Free Model of the Yield Curve**

*by*Leo Krippner

**Investigating the Relationships between the Yield Curve, Output and Inflation using an Arbitrage-Free Version of the Nelson and Siegel Class of Yield Curve Models**

*by*Leo Krippner

**Investigating the Relationships between the Yield Curve, Output and Inflation using an Arbitrage-Free Version of the Nelson and Siegel Class of Yield Curve Models**

*by*Leo Krippner

**An Intertemporally-Consistent and Arbitrage-Free Version of the Nelson and Siegel Class of Yield Curve Models**

*by*Leo Krippner

**An Intertemporally-Consistent and Arbitrage-Free Version of the Nelson and Siegel Class of Yield Curve Models**

*by*Leo Krippner

**A Control Variate Method for Monte Carlo Simulations of Heath-Jarrow-Morton with Jumps**

*by*Carl Chiarella & Christina Nikitopoulos-Sklibosios & Erik Schlogl

**The Volatility Structure of the Fixed Income Market under the HJM Framework: A Nonlinear Filtering Approach**

*by*Carl Chiarella & Hing Hung & Thuy-Duong To

**The Volatility Structure of the Fixed Income Market under the HJM Framework: A Nonlinear Filtering Approach**

*by*Carl Chiarella & Thuy-Duong To

**A note on the Malliavin differentiability of the Heston volatility**

*by*Elisa Alòs & Christian-Olivier Ewald

**New-Keynesian Macroeconomics and the Term Structure**

*by*Seonghoon Cho & Antonio Moreno & Geert Bekaert

**Expectations, Bond Yields and Monetary Policy**

*by*Albert Lee Chun

**Curve Forecasting by Functional Autoregression**

*by*A. Onatski & V. Karguine

**TIPS: Taking Inflation Premium Seriously**

*by*Min Wei & Stefania D'Amico & Don H. Kim

**The Recent Shift in Term Structure Behavior from a No-Arbitrage Macro-Finance Perspective**

*by*Tao Wu & Glenn Rudebusch

**Inflation Targeting, Committee Decision Making and Uncertainty: The Case of the Bank of Englandâ€™s MPC**

*by*Arnab Bhattacharjee & Sean Holly

**Cousin risks: the extent and the causes of positive correlation between country and currency risks**

*by*Marcio Gomes Pinto Garcia & Alexandre Lowenkron

**Monetary Policy and the Term Structure of Interest Rates**

*by*Juha Seppala & Federico Ravenna

**Tax Riots**

*by*Christopher Phelan & Marco Bassetto

**No-Arbitrage Taylor Rules**

*by*Andrew Ang & Sen Dong

**Macroeconomic Determinants of the Movement of the Yield Curve**

*by*Vargas, Gregorio A.

**Implied Volatilities of Caps: a Gaussian approach**

*by*Flavio Angelini & Stefano Herzel

**Do Macro Variables, Asset Markets or Surveys Forecast Inflation Better?**

*by*Andrew Ang & Geert Bekaert & Min Wei

**Self-Fulfilling Currency Crises: The Role of Interest Rates**

*by*Christian Hellwig & Arijit Mukherji & Aleh Tsyvinski

**Money Growth and Interest Rates**

*by*Seok-Kyun Hur

**A less effective monetary transmission in the wake of EMU? Evidence from lending rates pass-through**

*by*Gianluca Di Lorenzo & Giuseppe Marotta

**The aim of the present work is to test the predictive power of the term spread in forecasting real economic growth rates and recession probabilities in Italy. According to the most recent literature, the relationship between the term spread and economic growth rates is modelled as a nonlinear one and specifically the Logistic Smooth Transition model is used, while a probit model is implemented to forecast recession probabilities. In both applications evidence supports a relevant informative content of the spread in Italy**

*by*Costanza Torricelli & Marianna Brunetti

**A less effective monetary transmission in the wake of EMU? Evidence from lending rates pass-through**

*by*Gianluca Di Lorenzo & Giuseppe Marotta

**Repegging of the Lats to the Euro: Implications for the Financial Sector**

*by*Viktors Ajevskis & Armands Pogulis

**On the predictability of common risk factors in the US and UK interest rate swap markets: Evidence from non-linear and linear models**

*by*Ilias Lekkos & Costas Milas & Theodore Panagiotidis

**On the predictability of common risk factors in the US and UK interest rate swap markets:Evidence from non-linear and linear models**

*by*Ilias Lekkos & Costas Milas & Theodore Panagiotidis

**The Term Structure of Interest Rates under Regime Shifts and Jumps**

*by*Shu Wu & Yong Zeng

**Monetary Policy and Long-term Interest Rates**

*by*Shu Wu

**Interest rate pass-through estimates from vector autoregressive models**

*by*Johann Burgstaller

**International Capital Flows and U.S. Interest Rates**

*by*Francis E. Warnock & Veronica C. Warnock

**The Yield Curve Slope and Monetary Policy Innovations**

*by*Gamber, Edward N. & Joutz, Frederick L.

**Modeling the FIBOR/EURIBOR Swap Term Structure: An Empirical Approach**

*by*Oliver Blaskowitz & Helmut Herwartz & Gonzalo de Cadenas Santiago

**US Monetary Policy Announcements and the Term Structure of Interest Rate Differentials: Evidence from Hong Kong and Singapore**

*by*Giorgio Valente

**The Rate of Return of Pay-As-You-Go Pension Systems: A More Exact Consumption-Loan Model of Interest**

*by*Settergren, Ole & Mikula, Boguslaw D.

**Some Further Evidence on Interest-Rate Smoothing: The Role of Measurement Errors in the Output Gap**

*by*Apel, Mikael & Jansson, Per

**Identifying the Interdependence between US Monetary Policy and the Stock Market**

*by*Bjørnland, Hilde C. & Leitemo, Kai

**Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations**

*by*Bindseil, Ulrich & Nyborg, Kjell G. & Strebulaev, Ilya A.

**A framework for understanding inflation - with or without money**

*by*Bengtsson, Ingemar

**Identifying the interdependence between US monetary policy and the stock market**

*by*Bjørnland , Hilde & Leitemo, Kai

**Bank interest rates in a small European economy: Some exploratory macro level analyses using Finnish data**

*by*Kauko , Karlo

**A Tale of Two Effects**

*by*Paul Evans & Xiaojun Wang

**Asset Pricing with Incomplete Information under Stable Shocks**

*by*Prasad V. Bidarkota & Brice V. Dupoyet & J. Huston McCulloch

**Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations**

*by*Kjell G. Nyborg & Ulrich Bindseil & Ilya A. Strebulaev

**Immunization Using a Parametric Model of the Term Structure**

*by*Jorge Miguel Ventura Bravo & Carlos Manuel Pereira da Silva

**Efficient Rank Reduction of Correlation Matrices**

*by*Grubisic, I. & Pietersz, R.

**Generic Market Models**

*by*Pietersz, R. & van Regenmortel, M.

**Consumer Confidence and Yield Spreads in Europe**

*by*Ferreira García, María Eva & Rubio Irigoyen, Gonzalo & Martínez, María Isabel & Navarro, Eliseo

**The importance of the wording of the ECB**

*by*Carlo Rosa & Giovanni Verga

**The bank lending survey for the euro area**

*by*Jesper Berg & Annalisa Ferrando & Gabe de Bondt & Silvia Scopel

**Forecasting Interest Rates - A Comparative Assessment Of Some Second Generation Non-Linear Models**

*by*Dilip M. Nachane & Jose G. Clavel

**Is a Word to the Wise Indeed Enough? ECB Statements and the Predictibility of Interest Rate Decisions**

*by*David-Jan Jansen & Jakob de Haan

**Labor Income and the Demand for Long-term Bonds**

*by*Koijen, R.S.J. & Nijman, T.E. & Werker, B.J.M.

**Fisher Hypothesis Revisited: A Fractional Cointegration Analysis**

*by*Saadet Kirbas Kasman & Adnan Kasman & Evrim Turgutlu

**A Two-Stage Realized Volatility Approach to the Estimation for Diffusion Processes from Discrete Observations**

*by*Peter C.B. Phillips & Jun Yu

**Term Structure Linkages Among the New EU Countries and the EMU**

*by*Minoas Koukouritakis & Leo Michelis

**The Term Structures of Interest Rates in the New and Prospective EU Countries**

*by*Minoas Koukouritakis & Leo Michelis

**Term Structure Estimation with Survey Data on Interest Rate Forecasts**

*by*Kim, Don H. & Orphanides, Athanasios

**The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields**

*by*Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio

**Why Are Returns on Swiss Franc Assets So Low? Rare Events May Solve the Puzzle**

*by*Kugler, Peter & Weder di Mauro, Beatrice

**Time Variation in Term Premia: International Evidence**

*by*Jongen, Ron & Verschoor, Willem F C & Wolff, Christian C

**The Predictive Power of the Yield Spread: Further Evidence and A Structural Interpretation**

*by*Favero, Carlo A & Kaminska, Iryna & Söderström, Ulf

**Central Bank Forecasts and Disclosure Policy: Why it Pays to be Optimistic**

*by*Eijffinger, Sylvester C W & Tesfaselassie, Mewael F.

**The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates**

*by*Clarida, Richard & Sarno, Lucio & Taylor, Mark P & Valente, Giorgio

**The CNB's Policy Decisions - Are They Priced in by the Markets?**

*by*David Navratil & Viktor Kotlan

**The Consumption-Based Determinants of the Term Structure of Discount Rates**

*by*Christian Gollier

**Inflation Expectations in the Czech Interbank Market**

*by*Martin Fukac

**The Importance of the Wording of the ECB**

*by*Carlo Rosa & Giovanni Verga

**Inflation Targeting, Committee Decision Making and Uncertainty: The case of the Bank of England’s MPC**

*by*Bhattacharjee, A. & Holly, S.

**Why are Returns on Swiss Franc Asset so Low?**

*by*Peter Kugler & Beatrice Weder

**The natural real interest rate and the output gap in the euro area: A joint estimation**

*by*Julien Garnier & Bjørn-Roger Wilhelmsen

**Japan's deflation, problems in the financial system and monetary policy**

*by*Naohiko Baba & Shinichi Nishioka & Nobuyuki Oda & Masaaki Shirakawa & Kazuo Ueda & Hiroshi Ugai

**The role of the natural rate of interest in monetary policy**

*by*Jeffery D. Amato

**Are there asymmetries in the response of bank interest rates monetary shocks?**

*by*Leonardo Gambacorta & Simonetta Iannotti

**The role of global risk aversion in explaining Latin American sovereign spreads**

*by*Alicia García-Herrero & Álvaro Ortiz

**Estimating the natural interest rate for the euro area and Luxembourg**

*by*Ladislav Wintr & Paolo Guarda & Abdelaziz Rouabah

**The Canadian Macroeconomy and the Yield Curve: An Equilibrium-Based Approach**

*by*René Garcia & Richard Luger

**Can Jurisdictional Uncertainty And Capital Controls Explain The High Level Of Real Interest Rates In Brazil? Evidence From Panel Data**

*by*Fernando M. Gonçalves & Márcio Holland & Andrei D. Spacov

**The Effect Of Labour Share On The Natural Rate Of Interest: Some Empirical Evidence**

*by*Pedro Gomes & Pedro Bom & Pedro Leão

**Recent developments in Australian bond yields**

*by*Benjamin Ford & Karen Taylor

**Interest Rate Rules, Price Determinacy and the Value of Money in a non Ricardian World**

*by*Jean-Pascal Benassy

**Changing Beliefs and the Term Structure of Interest Rates: Cross-Equation Restrictions with Drifting Parameters**

*by*Timothy Cogley

**Una rivisitazione delle teorie di Modigliani sulla finanza**

*by*Terenzio Cozzi

**The stabilization mechanism of ultra short-term interest rates in the context of Czech national bank's repo tenders**

*by*Karel Brůna

**Special Data Section Domestic Debt Markets in Sub-Saharan Africa**

*by*Jakob Christensen

**The Natural Rate of Interest — Concepts and Appraisal for the Euro Area**

*by*Ernest Gnan & Doris Ritzberger-Grünwald

**Kamatátgyűrűzés Magyarországon**

*by*Naszódi, Anna & Krekó, Judit & Horváth, Csilla

**El Tramo Corto de la Estructura a Plazo como Predictor de Expectativas de la Actividad Económica en Colombia**

*by*Luis E Arango & Luz Adriana Flórez & Angélica M Arosemena

**The Behavior of Interest Rate Differentials Under Shifting Exchange Rate Regimes: The Experience of Chile, Colombia and Israel**

*by*Carlos Ibarra

**America's Deficit, the World's Problem: Keynote Speech**

*by*Obstfeld, Maurice

**Searching for Non-monotonic Effects of Fiscal Policy: New Evidence**

*by*Giavazzi, Francesco & Jappelli, Tullio & Pagano, Marco & Benedetti, Marina

**Marking to Market, Liquidity, and Financial Stability**

*by*Plantin, Guillaume & Sapra, Haresh & Shin, Hyun-Song

**Japan's Deflation, Problems in the Financial System, and Monetary Policy**

*by*Baba, Naohiko & Nishioka, Shinichi & Oda, Nobuyuki & Shirakawa, Masaaki & Ueda, Kazuo & Ugai, Hiroshi

**The "Middle-Risk Gap" and Financial System Reform: Small-Firm Financing in Japan**

*by*Schaede, Ulrike

**Monetary and Fiscal Policy to Escape from a Deflationary Trap**

*by*Iwamoto, Yasushi

**Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements**

*by*Refet S Gürkaynak & Brian Sack & Eric Swanson

**Determinants of Long-term Interest Rates in the Czech Republic**

*by*Tomáš Holinka

**Do the Measurements of Financial Market Inflation Expectations Yield Relevant Macroeconomic Information?**

*by*Martin Fukaè

**Is the CNB Predictable?**

*by*David Navrátil & Viktor Kotlán

**The Management Of Interest Rate Risk In Small And Medium Banks**

*by*HALID KONJHODŽIC & TONCI SVILOKOS

**Monetary policy and the expectations hypothesis**

*by*D. Vestin & Hordahl & P.

**Why are long rates sensitive to monetary policy?**

*by*Ulf Soderstrom & Tore Ellingsen

**Liquidity Effects in non-Ricardian Economies**

*by*Jean-Pascal Benassy

**On the Feasibility of Debt Ponzi Schemes - A Bond Portfolio Approach**

*by*Martin Barbie & Marcus Hagedorn

**Cousin Risks: The Extent and the Causes of Positive Correlation between Country and Currency Risks**

*by*Marcio Garcia & Alexandre Lowenkron

**Estimation of the Volatility Structure of the Fixed Income Market**

*by*Thuy Duong To & Carl Chiarella

**Intertemporal Consumption and Consumer Demand**

*by*Keith R. McLaren & H. Youn Kim & Russel J. Cooper

**Term Structure Dynamics: A Daily View from the Hungarian Foreign Currency Deposits Markets**

*by*Konstantinou, Panagiotis

**Over- and underbidding in central bank open market operations conducted as fixed rate tender**

*by*Bindseil, Ulrich

**Expected budget deficits and interest rate swap spreads - Evidence for France, Germany and Italy**

*by*Heppke-Falk, Kirsten H. & Hüfner, Felix P.

**Interest rate reaction functions for the euro area Evidence from panel data analysis**

*by*Ruth, Karsten

**How the Bundesbank really conducted monetary policy: An analysis based on real-time data**

*by*Gerberding, Christina & Worms, Andreas & Seitz, Franz

**Towards a Joint Characterization of Monetary Policy and the Dynamics of the Term Structure of Interest Rates**

*by*Fendel, Ralf

**The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World**

*by*John Geanakoplos

**Optimal Monetary Policy under Heterogeneous Expectations**

*by*Orlando Gomes

**Are Europe Interest Rates led by FED's Announcements?**

*by*Monticini & Vaciago

**The Case for Open-Market Purchases in a Liquidity Trap**

*by*Alan Auerbach & Maurice Obstfeld

**Nonlinear dynamics of interest rate and inflation**

*by*Markku Lanne

**Learning, inflation expectations and optimal monetary policy**

*by*Eric Schaling

**Dynamics of Interest Rate Curve by Functional Auto-Regression**

*by*Vladislav Kargin & Alexei Onatski

**Liquidity Trap Prevention and Escape: A Simple Proposition**

*by*Junning Cai

**The Information Content of the Natural Rate of Interest: The Case of Poland**

*by*Michal Brzoza-Brzezina

**The Role Of Global Risk Aversion In Explaining Latin American Sovereign Spreads**

*by*ALICIA GARCIA HERRERO & ALVARO ORTIZ

**Calibration of Interest Rate Models - Transition Market Case**

*by*Martin Vojtek

**Riding the Yield Curve: Diversification of Strategies**

*by*David S. Bieri & Ludwig B. Chincarini

**Dynamic Risk Profile of the US Term Structure by Wavelet MRA**

*by*SUTTHISIT JAMDEE & CORNELIS A. LOS

**Taking Positive Interest Rates Seriously**

*by*Enlin Pan & Liuren Wu

**Estimating the Volatility Structure of an Arbitrage-Free Interest Rate Model Via the Futures Markets**

*by*Ram Bhar & Carl Chiarella & Thuy-Duong To

**Overnight Indexed Swaps and Floored Compounded Instrument in HJM One-Factor Model**

*by*Marc Henrard

**On the Small Sample Properties of Dickey Fuller and Maximum Likelihood Unit Root Tests on Discrete-Sampled Short-Term Interest Rates**

*by*Paulo M. M. Rodrigues & Antonio Rubia

**Structural Breaks, Inflation and Interest Rates: Evidence for the G7 countries**

*by*Jesus Clemente & Antonio Montañes & Marcelo Reyes

**Interest Rate Pass-Through in New EU Member States: The Case of the Czech Republic, Hungary and Poland**

*by*Jesús Crespo-Cuaresma & Balázs Égert & Thomas Reininger

**Trust In Transition: Cross Country And Firm Evidence**

*by*Martin Raiser & Alan Rousso & Franklin Steves

**A Note on the Bias of using Futures Rates as a Proxy for the Instantaneous Forward Rate**

*by*Thuy-Duong To

**A Markovian Defaultable Term Structure Model with State Dependent Volatilities**

*by*Carl Chiarella & Erik Schlögl & Christina Nikitopoulos-Sklibosios

**A Comparison of Alternative Nonparametric Estimators of the Short Rate Diffusion Coefficient**

*by*Roberto Reno' & Antonio Roma & Stephen Schaefer

**Nonparametric Estimation of the Diffusion Coefficient via Fourier Analysis, with Aplication to Short Rate Modeling**

*by*Roberto Reno'

**Credit rationing and crowding out during the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862**

*by*Peter Temin & Joachim Voth

**Quadratic term structure models with jumps in incomplete currency markets**

*by*Daal, Elton

**The value of interest rate stabilization polices when agents are learning**

*by*Duffy, John & Xiao, Wei

**Nonparametric Estimation of Convergence of Interest Rates: Effects on Bond Pricing**

*by*Teresa Corzo Santamaría & Javier Gómez Biscarri

**Leaning Against the Parity**

*by*Alex Luiz Ferreira

**Future Fiscal and Budgetary Shocks**

*by*Hian Teck Hoon & Edmund S Phelps

**Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates**

*by*Iryna Kaminska & Andrea Carriero & Carlo A. Favero

**Cointegration and Regime-Switching Risk Premia in the U.S. Term Structure of Interest Rates**

*by*PeterTillmann

**Does the Term Spread Play a Role in the Fed's Reaction Function? An Empirical Investigation**

*by*Jesus Vazquez

**Application Of The Kalman Filter For Estimating Continuous Time Term Structure Models: Evidence From The Uk And Germany**

*by*Rana Chatterjee

**Filtering Long-Run Inflation Expectations with a Structural Macro Model of the Yield Curve**

*by*Marco Lyrio & Hans Dewachter

**Targeting Inflation by Forecast Feedback Rules in Small Open Economies**

*by*Kai Leitemo

**Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information**

*by*P.A. Tinsley & Sharon Kozicki

**Competition, transmission and bank pricing policies: Evidence from Belgian loan and deposit markets**

*by*F. DE GRAEVE & O. DE JONGHE & R. VANDER VENNET

**A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy**

*by*Tao Wu & Glenn Rudebusch

**Modelling the Yield Curve: A Two Components Approach**

*by*John Hatgioannides & Menelaos Karanasos & Marika Karanassou

**La Curva de Retorno y el Modelo C-CAPM: Evidencia para Chile**

*by*González, Manuel

**Money, credit and the interest rate in Marx's economic. On the similarities of Marx's monetary analysis to Post-Keynesian economics**

*by*Hein, Eckhard

**Estimating a time varying neutral real interest rate for New Zealand**

*by*Olivier Basdevant & Nils Björksten & Özer Karagedikli

**The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long Run Evidence 1875-1997**

*by*Michael D. Bordo & Joseph G Haubrich

**Monetary and Fiscal Remedies for Deflation**

*by*Alan Auerbach & Maurice Obstfeld

**The Determinants of Pass-Through of Market Conditions to Bank Retail Interest Rates in Belgium**

*by*Ferre De Graeve & Olivier De Jonghe & Rudi Vander Vennet

**Bayesian Analysis of Continuous Time Models of the Australian Short Rate**

*by*Andrew D. Sanford & Gael Martin

**Crise de change et politique monétaire optimale dans un modèle de troisième génération : le rôle de la prime de risque**

*by*Vincent Bouvatier

**Interest rate pass-through in Hungary**

*by*Csilla Horváth & Judit Krekó & Anna Naszódi

**Demand and supply in the ECB's main refinancing operations**

*by*Livio Stracca & Clara Martin Moss & Livio Stracca

**Risk factors of inflation-indexed and conventional government bonds and the APT**

*by*Andreas Reschreiter

**Macro factors and the term structure of interest rates**

*by*Hans Dewachter

**Money market rates and implied CCAPM rates: some international evidence**

*by*Yamin Ahmad

**Foreign Exchange and Money Markets in the Context of the Exchange Rate Target Zone**

*by*Viktors Ajevskis & Armands Pogulis & Gunars Berzins

**On The Small Sample Properties Of Dickey Fuller And Maximum Likelihood Unit Root Tests On Discrete-Sampled Short-Term Interest Rates**

*by*Paulo M.M. Rodrigues & Antonio Rubia

**The Consumption-Based Determinants of the Term Structure of Discount Rates**

*by*Gollier, Christian

**Far Out on the Yield Curve**

*by*Alexius, Annika

**Excess Sensitivity and Volatility of Long Interest Rates: The Role of Limited Information in Bond Markets**

*by*Beechey, Meredith

**Why Are Long Rates Sensitive to Monetary Policy?**

*by*Ellingsen, Tore & Söderström, Ulf

**On Finite Dimensional Realizations of Forward Price Term Structure Models**

*by*Gaspar, Raquel M.

**General Quadratic Term Structures of Bond, Futures and Forward Prices**

*by*Gaspar, Raquel M.

**Heterogeneous information about the term structure, least-squares learning and optimal rules for inflation targeting**

*by*Schaling , Eric & Eijffinger , Sylvester & Tesfaselassie , Mewael

**Measuring the long-term perception of monetary policy and the term structure**

*by*Rautureau, Nicolas

**A flexible prior distribution for Markov switching autoregressions with Student-t errors**

*by*Deschamps, Philippe J.

**The Impact of Fat Tails on Equilibrium Rates of Return and Term Premia**

*by*Prasad V. Bidarkota & Brice V. Dupoyet

**The Deficit?Interest Rate Connection: an empirical assessment of the EU**

*by*Carlos Vieira

**Jackknifing Bond Option Prices**

*by*Jun Yu & Peter Phillips

**Heterogeneous Information about the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules for Inflation Forecast Targeting**

*by*Mewael Tesfaselassie & Eric Schaling & Sylvester Eijffinger

**The Friedman Rule in a Two Sector Small Open Economy**

*by*Alexandre Cunha

**A joint econometric model of macroeconomic and term structure dynamics**

*by*Peter Hoerdahl & Oreste Tristani

**A General Equilibrium Model of the Term Structure of Interest Rates under Regime-switching Risk**

*by*Yong Zeng & Shu Wu

**Cointegration and Regime-Switching Risk Premia in the US Term Structure of Interest Rates**

*by*Peter Tillmann

**Dynamics of Interest Rate Curve by Functional Auto-regression**

*by*Alexei Onatski & Slava Kargin

**The Yield Curve, Recession and the Credibility of the Monetary Regime: long run evidence 1875-1997**

*by*Michael Bordo & Joseph Haubrich

**Fear of Sudden Stops: lessons from Australia and Chile**

*by*Jonathan Kearns & Ricardo J. Caballero & Kevin Cowan

**FINANCIAL DOLLARIZATION: Evaluating the consequences**

*by*Eduardo Levy-Yeyati

**Dedollarization, Indexation and Nominalization: the Chilean experience**

*by*R. Valdes & L.O. Herrera

**Why Can the Yield Curve Predict Output Growth, Inflation, and Interest Rates? An Analysis with Affine Term Structure Model**

*by*Hibiki Ichiue

**Nonlinearity in the Term Structure**

*by*Dong Heon Kim

**Forecasting Australian GDP Growth Using Coefficients Constrained by A Term Structure Model**

*by*Farshid Vahid & Lin Luo

**Credit Rationing Effects of Credit Value-at-Risk**

*by*Jan Frederik Slijkerman & David J.C. Smant & Casper G. de Vries

**Heterogeneous Information about the Term Structure of Interest rates, Least-Squares Learning and Optimal Interest Rate Rules for Inflation Forecast Targeting**

*by*Schaling, E. & Eijffinger, S.C.W. & Tesfaselassie, M.F.

**Gold, Fiat and Credit. An Elementary Discussion of Commodity Money, Fiat Money and Credit, Part II**

*by*Thomas Quint & Martin Shubik

**A Consumable Money. An Elementary Discussion of Commodity Money, Fiat Money and Credit: Part I**

*by*Thomas Quint & Martin Shubik

**Interest Rate Setting by the ECB: Words and Deeds**

*by*Gerlach, Stefan

**Federal Funds Rate Prediction**

*by*Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio

**International Portfolio Holdings and Swiss Franc Asset Returns**

*by*Kugler, Peter & Weder di Mauro, Beatrice

**Sovereign Risk Premia in the European Bond Market**

*by*Bernoth, Kerstin & Schuknecht, Ludger & von Hagen, Jürgen

**The Case for Open-Market Purchases in a Liquidity Trap**

*by*Auerbach, Alan J & Obstfeld, Maurice

**Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations**

*by*Bindseil, Ulrich & Nyborg, Kjell G & Strebulaev, Ilya

**Why are Long Rates Sensitive to Monetary Policy?**

*by*Ellingsen, Tore & Söderström, Ulf

**The Yield Spread as a Symmetric Predictor of Output and Inflation**

*by*Hardouvelis, Gikas A & Malliaropoulos, Dimitrios

**Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates**

*by*Carriero, Andrea & Favero, Carlo A & Kaminska, Iryna

**Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules**

*by*Eijffinger, Sylvester C W & Schaling, Eric & Tesfaselassie, Mewael F.

**On Model Selection and Markov Switching: A Empirical Examination of Term Structure Models with Regime Shifts**

*by*Driffill, John & Kenc, Turalay & Sola, Martin & Spagnolo, Fabio

**Tasas de interés efectivas y nominales: el calvario de los estudiantes de finanzas**

*by*Ignacio Vélez-Pareja

**Expectativas De Actividad Económica En Colombia Y Estructura A Plazo: Un Poco Más De Evidencia**

*by*Luis Eduardo Arango & Luz Adriana Flórez

**Calibration of Interest Rate Models - Transition Market Case**

*by*Martin Vojtek

**Switching Regimes in the Term Structure of Interest Rates During U.S. Post-War: A case for the Lucas proof equilibrium?**

*by*Jesús Vázquez

**Is the Fisher Effect Nonlinear? Some Evidence for Spain, 1963-2002**

*by*Óscar Bajo Rubio & Carmen Díaz Roldán & Vicente Esteve

**Market-Based Monetary Policy Transparency Index, Risk and Volatility - The Case of the United States**

*by*Amir Kia & Hilde Patron

**International Portfolio Holdings and Swiss Franc Asset Returns**

*by*Peter Kugler & Beatrice Weder

**Who was in the driving seat in Europe during the nineties, International financial markets or the BUBA?**

*by*Roger Hammersland

**Large T and small N : A three-step approach to the identification of cointegrating relationships in time series models with a small cross-sectional dimension**

*by*Roger Hammersland

**Règle de Taylor et politique monétaire dans la zone euro**

*by*Mésonnier, J-S. & Renne, J-P.

**A Time-Varying Natural Rate for the Euro Area**

*by*Mésonnier, J-S. & Renne, J-P.

**Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization**

*by*Denise Côté & Christopher Graham

**Recolhimentos Compulsórios E Distribuição Das Taxas De Empréstimos Bancários No Brasil**

*by*Eduardo Augusto de Souza Rodrigues & Tony Takeda

**Comunicação Em Política Monetária**

*by*Robson Rodrigues Pereira

**The Influence of a Heterogeneous Banking Sector on the Interbank Market Rate in the Euro Area**

*by*Ulrike Neyer & Jürgen Wiemers

**International Portfolio Holdings and Swiss Franc Asset Returns**

*by*Peter Kugler & Beatrice Weder

**The Eurosystem operational framework, use of colleteral and liquidity distribution in the euro area: towards a single interbank market?**

*by*Gianfranco A. Vento

**The Eurosystem operational framework, use of colleteral and liquidity distribution in the euro area: towards a single interbank market?**

*by*Gianfranco A. Vento

**Systematic part of CNB's monetary policy in inflation targeting regime**

*by*David Navrátil

**An analysis of PRIBOR interest rates sensitivity to changes in Czech national bank repo rate**

*by*Karel Brůna & Jaroslav Brada

**Four reflections on practising inflation targeting in the Czech Republic**

*by*Oldřich Dědek

**Efficiency of the Secondary T-Bill Market**

*by*Zdeněk Dvorný

**Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi**

*by*Ephraim W. Chirwa & Montfort Mlachila

**Determinants of Belgian bank lending intrest rates**

*by*V. Baugnet & M. Hradisky

**Curva de rendimientos y crecimiento de la producción real en la UEM: eficiencia y estabilidad predictiva./Yield Curve and Real Output Growth in the EMU: Efficiency and Predictive Stability**

*by*DUARTE, A. & VENETIS, I. & PAYÁ, I.

**Securing the Peace after a Truce in the War on Inflation**

*by*Reinhart, Vincent-R

**Japanese Demand for M1 and Demand Deposits: Cross-Sectional and Time-Series Evidence from Japan**

*by*Fujiki, Hiroshi & Watanabe, Kiyoshi

**Comments on "Price Stability and Japanese Monetary Policy."**

*by*Kuttner, Kenneth-N

**Comments on "Price Stability and Japanese Monetary Policy."**

*by*Fujiki, Hiroshi & Okina, Kunio & Shiratsuka, Shigenori

**Information Content of Inflation-Indexed Bond Prices: Evaluation of U.S. Treasury Inflation-Protection Securities**

*by*Kitamura, Yukinobu

**Price Stability and Japanese Monetary Policy**

*by*Hetzel, Robert-L

**Testing the Expectations Hypothesis: Some New Evidence for Japan**

*by*Thornton, Daniel-L

**The Term Structure of Interest Rates and Monetary Policy during a Zero Interest Rate Period**

*by*Nagayasu, Jun

**Política monetaria y cambios de régimen en los tipos de interés del mercado interbancario español**

*by*José Luis Fernández-Serrano & M. Dolores Robles Fernández

**The Impact of the Regime-Shift Premium on Forward Interest Rates and Inflation Expectations in the Czech Republic (in Czech)**

*by*Tomáš Holinka & Vladimír Stiller

**Does the Term Structure Predict Australia's Future Output Growth?**

*by*Valadkhani, Abbas

**Expectativas De Actividad Económica En Colombia Y Estructura A Plazo: Un Poco Más De Evidencia**

*by*Luis Eduardo Arango & Luz Adriana Flórez

**Monetary policy in a cash-in-advance economy: employment, capital accumulation, and the term structure of interest rates**

*by*Arman Mansoorian & Mohammed Mohsin

**Speculating on the Yuan**

*by*Bronka Rzepkowski

**Une théorie de l'inflation optimale fondée sur les contraintes de crédit**

*by*Xavier Ragot

**The Diminishing Profitability of the Primary Market for State Securities**

*by*Nikolai Atanassov

**Bonds Portfolio Management: Analysis and Application of the Model of Multiperiod Immunization**

*by*Ivan Popchev & Irina Radeva

**An Empirical Examination of Term Structure Models with Regime Shifts**

*by*Martin Sola & John Driffil & Turalay Kenc

**Macroeconomics and the Yield Curve**

*by*Tao Wu & Glenn Rudebusch

**An Implementation of the Shirakawa Jump-Diffusion Term Structure Model**

*by*Christina Nikitopoulos-Sklibosios & Carl Chiarella

**Capturing Non-Linearity in the Term Structure of Interest Rates: A Fuzzy Logic to Approach Estimating the Yield Curve**

*by*Richard Taylor & David E. Giles

**Financial Deindexation in Slovenia**

*by*Zbašnik, Dušan

**¿Qué información acerca de las tasas de interés spot futuras contiene la estructura temporal de tasas de interés en México?**

*by*Castellanos, Sara Gabriela & Camero, Eduardo

**Interest - Rate Price Nexus in India**

*by*N R Bhanumurthy & Shashi Agarwal

**Exchange and Interest Rates prior to EMU: The Case of Greece**

*by*Antzoulatos, Angelos A. & Wilfling, Bernd

**Equal size, equal role? Interest rate interdependence between the Euro area and the United States**

*by*Ehrmann, Michael & Fratzscher, Marcel

**Permanent and transitory policy shocks in an empirical macro model with asymmetric information**

*by*Kozicki, Sharon & Tinsley, P. A.

**Collateral Constraints in a Monetary Economy**

*by*Juan Carlos Cordoba & Marla Ripoll

**Estimating the Natural Rate of Interest: A SVAR Approach**

*by*Michal Brzoza-Brzezina

**Explicit bond option and swaption formula in Heath-Jarrow-Morton one factor model**

*by*Marc Henrard

**Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad**

*by*Juraj Valachy & Evžen Ko?enda &

**Modelling the Yield Curve with Orthonormalised Laguerre Polynomials: A Consistent Cross-Sectional and Inter-Temporal Approach**

*by*Leo Krippner

**Modelling the Yield Curve with Orthonormalised Laguerre Polynomials: A Consistent Cross-Sectional and Inter-Temporal Approach**

*by*Leo Krippner

**Modelling the Yield Curve with Orthonomalised Laguerre Polynomials: An Intertemporally Consistent Approach with an Economic Interpretation**

*by*Leo Krippner

**Modelling the Yield Curve with Orthonomalised Laguerre Polynomials: An Intertemporally Consistent Approach with an Economic Interpretation**

*by*Leo Krippner

**Un Contraste Alternativo De La Hipótesis De Las Expectativas En Swaps De Tipos De Interés**

*by*Pilar Abad Romero

**Real-Financial Interaction: Implications of Budget Equations and Capital Accumulation**

*by*Carl Chiarella & Peter Flaschel & Willi Semmler

**Output and the Term Structure of Interest Rates: Ways Out of th Jump-Variable Conundrum**

*by*Carl Chiarella & Peter Flaschel & Reiner Franke & Willi Semmler

**Why do emerging economies borrow short term?**

*by*Fernando Broner & Guido Lorenzoni & Sergio L. Schmukler

**Asymmetries in Bank of England Monetary Policy**

*by*Jamie Gascoigne & Paul Turner

**The Italian Overnight Market: Microstructure Effects, the Martingale Hypothesis and the Payment System**

*by*Emilio Barucci & Claudio Impenna & Roberto Reno

**Interest rate pass-through in the Polish banking sector and bank-specific financial disturbances**

*by*Chmielewski, Tomasz

**The Impact of the Federal Budget Deficit on the Nominal Interest Rate Yield on US Treasury Notes, 1979-2001**

*by*Cebula, Richard

**Volatility and liquidity in the Italian money market**

*by*Palombini, Edgardo

**Une note sur la règle du taux d’intérêt et le rôle de la courbe LM**

*by*Dai, Meixing

**Recent and Prospective Trends in Real Long-Term Interest Rates: Fiscal Policy and other Drivers**

*by*Anne-Marie Brook

**Estimates of time-varying term premia for New Zealand and Australia**

*by*Michael Gordon

**Monetary Policy and Sectoral Shocks: Did the FED react properly to the High-Tech Crisis?**

*by*Claudio Raddatz & Roberto Rigobon

**The Case for Open-Market Purchases in a Liquidity Trap**

*by*Alan J. Auerbach & Maurice Obstfeld

**Collective Investment Decision Making with Heterogeneous Time Preferences**

*by*Christian Gollier & Richard Zeckhauser

**Putting 'M' back in Monetary Policy**

*by*Eric M. Leeper & Jennifer E. Roush

**How to Discount Cashflows with Time-Varying Expected Returns**

*by*Andrew Ang & Jun Liu

**Simulation-Based Bayesian Estimation of Affine Term Structure Models**

*by*Andrew D. Sanford & Gael M. Martin

**Interest Rate Term Structure in Latvia in the Monetary Policy Context**

*by*Jelena Zubkova

**Macro Factors and the Term Structure of Interest Rates**

*by*Hans Dewachter & Marco Lyrio

**International Parity Relationships Between Germany and the United States: A Joint Modelling Approach**

*by*Katarina Juselius & Ronald MacDonald

**The Dynamic Interaction between Equity Prices and Supply Shocks**

*by*Jakob B. Madsen

**Interest Rate Transmission to Commercial Credit Rates in Austria**

*by*Johann Burgstaller

**Why do we have an interbank money market?**

*by*Jürgen Wiemers & Ulrike Neyer

**On the Geometry of Interest Rate Models**

*by*Björk, Tomas

**Learning, inflation expectations and optimal monetary policy**

*by*Schaling, Eric

**Central bank tenders: three essays on money market liquidity auctions**

*by*Välimäki, Tuomas

**A Monthly Monetary Model with Banking Intermediation for the Euro Area**

*by*Annick Bruggeman & Marie Donnay

**Macro factors and the Term Structure of Interest Rates**

*by*Dewachter, H.D.R. & Lyrio, M.

**Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation**

*by*Vázquez Pérez, Jesús

**The role of the term spread in an augmented Taylor rule: An empirical investigation**

*by*Vázquez Pérez, Jesús

**Switching Regimes in the Term Structure of Interest Rates During U.S. Post-War: A case for the Lucas proof equilibrium?**

*by*Vázquez Pérez, Jesús

**The Jump Component of the Volatility Structure of Interest Rate Futures Markets: An International Comparison**

*by*To, Thuy Duong & Carl Chiarella

**Federal Funds Rate Prediction**

*by*Sarno, Lucio & Daniel l Thornton & Giorgio Valente

**An Empirical Examination of Term Structure Models with Regime Shifts**

*by*Kenc, Turalay & John Driffill & Martin Sola

**Learning, Inflation Reduction and Optimal Monetary Policy**

*by*Schaling, E.

**The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World**

*by*John Geanakoplos

**Jackknifing Bond Option Prices**

*by*Peter C.B. Phillips & Jun Yu

**Identifying the Monetary Transmission Mechanism Using Structural Breaks**

*by*Beyer, Andreas & Farmer, Roger E A

**Loan Pricing Under Basel Capital Requirements**

*by*Repullo, Rafael & Suarez, Javier

**Price-setting and price dispersion in the Dutch mortgage market**

*by*Michiel van Leuvensteijn & Wolter Hassink

**El tramo corto de la estructura a plazo como predictor de expectativas de la actividad económica en Colombia**

*by*Luis Eduardo Arango & Luz Adriana Flórez & Angélica María Arosemena

**El tramo Corto de la Estructura a Plazo como predictor de Expectativas de Inflación en Colombia**

*by*Luis Eduardo Arango & Angélica María Arosemena

**A Re-examination of the Link between Real Exchange Rates and Real Interest Rate Differentials**

*by*Mathias Hoffmann & Ronald MacDonald

**Testing the Fisher Effect in the Presence of Structural Change: A Case Study of the UK,1961-2001**

*by*Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve

**Cointegration and Regime-Switching Risk Premia in the U.S. Term Structure of Interest Rates**

*by*Peter Tillmann

**The Effect of Dynamic Hedging of Options Positions on Intermediate-Maturity Interest Rates**

*by*Thanasis N. Christodoulopoulos & Ioulia Grigoratou

**The Italian overnight market: microstructure effects, the martingale hypothesis and the payment system**

*by*Emilio Barucci & Claudio Impenna & Roberto Reno

**Random step functions model for interest rates**

*by*Eleanor Virag & Fima C. Klebaner & Konstantin Borovkov

**Numerical solution of jump-diffusion LIBOR market models**

*by*Nicolas Merener & Paul Glasserman

**An institutional setup of the czech market for treasury securities**

*by*Zdeněk Dvorný

**The Properties of the Equity Premium and the Risk-Free Rate: An Investigation Across Time and Countries**

*by*Fabio Canova & Gianni De Nicoló

**Estimación de la curva de tipos cupón-cero con polinomios de Legendre**

*by*MORINI,S.

**BefektetÅi horizont Ã©s a „forwardrejtÃ©ly”**

*by*Schepp, Zoltán

**La estructura temporal de tasas de interés en México: ¿Puede predecir la actividad económica futura?**

*by*Sara G. Castellanos & Eduardo Camero

**La hipótesis de las expectativas en el largo plazo: evidencia en el mercado español de deuda pública**

*by*Magdalena Massot Perelló & Juan M. Nave Pineda

**The Changing Probability of a Monetary Policy Response to Inflation and Employment Announcements**

*by*Adrienne A. Kearney

**Bridging the Gap between the Interest Rate and Price Level Approaches in the AD-AS Model: The Role of the Loanable Funds Market**

*by*T. Windsor Fields & William R. Hart

**Nonlinear mean reversion in the term structure of interest rates**

*by*Seo, Byeongseon

**Efectos de las variaciones del tipo de cambio sobre las actividades de intermediación financiera de Bolivia 1990-2003**

*by*Luis Fernando Escobar Patiño

**Numerical Investigations of the Heath Jarrow Morton Model with Forward Rate Dependent Volatility**

*by*Carl Chiarella & Silvana Musti

**Level shifts, unit roots and the purchasing power parity**

*by*Gadea Maria-Dolores & Antonio Montanes & Marcelo Reyes

**Fed Funds Rate Targeting, Monetary Regimes and the Term Structure of Interbank Rates: Explaining the Predictability Smile**

*by*Vassil A. Konstantinov

**Common Factors in Eurocurrency Rates: A Dynamic Analysis**

*by*Drakos, Konstantinos

**Límites de la flotación mexicana**

*by*Ibarra, Carlos A.

**Cobertura de tasas de interés con futuros del mercado mexicano de derivados. Modelo estocástico de duración y convexidad**

*by*Venegas-Martinez, Francisco & Bernardo González-Aréchiga

**Integration benefits on EU retail credit markets: evidence from interest rate pass-through**

*by*Heinemann, Friedrich & Schüler, Martin

**Benchmark yield undershooting in the E.M.U**

*by*Antzoulatos, Angelos A.

**The puzzle of the Swiss interest rate island : stylized facts and a new interpretation**

*by*Kugler, Peter & Weder, Beatrice

**Monetary Transmission in the New Economy: Service Life of Capital, Transmission Channels and the Speed of Adjustment**

*by*von Kalckreuth, Ulf & Schröder, Jürgen

**Monetary Policy in a Cash-in-Advance Economy Employment, Capital Accumulation and the Term Structure of Interest Rates**

*by*Arman Mansoorian & Mohammed Mohsin

**Markov Chain Approximations For Term Structure Models**

*by*David Backus & Liuren Wu & Stanley Zin

**Asset Pricing Under The Quadratic Class**

*by*Markus Leippold & Liuren Wu

**Design and Estimation of Quadratic Term Structure Models**

*by*Markus Leippold & Liuren Wu

**Are Interest Rate Derivatives Spanned by the Term Structure of Interest Rates?**

*by*Massoud Heidari & Liuren WU

**Term Structure of Interest Rates, Yield Curve Residuals, and the Consistent Pricing of Interest Rates and Interest Rate Derivatives**

*by*Massoud Heidari & Liuren Wu

**A Maximum Likelihood Approach to Estimation of Heath-Jarrow-Morton Models**

*by*Ram Bhar & Carl Chiarella & Thuy Duong To

**Dynamic correlations and forecasting of term structure slopes in eurocurrency market**

*by*Alfonso Novales & Emilio Domínguez

**Can forward rates be used to improve interest rate forecasts?"**

*by*Alfonso Novales & Emilio Domínguez

**A factor model of term structure slopes in eurocurrency markets**

*by*Alfonso Novales & Emilio Domínguez

**An Error Correction Factor Model of Term Structure Slopes in International Swaps Markets**

*by*Pilar Abad & Alfonso Novales

**The Forecasting Ability of Factor Models of the Term Structure of IRS Markets**

*by*Pilar Abad & Alfonso Novales

**Volatility Transmission acros the Term Structure of Swap Markets: International Evidence**

*by*Pilar Abad & Alfonso Novales

**Dynamics of Intra-EMS Interest Rate Linkages**

*by*Christopher F Baum & John Barkoulas

**An "Art", not a "Science"? Central Bank Management in Portugal under the Gold Standard, 1854-1891**

*by*Jaime Reis

**Strukturelle Veränderungen In Der Wirtschaft Der Republiken Kraoatien Und Bundesrepublik Deutschland**

*by*Novak, Branko & Matić, Branko

**A Note on Interest Rates and Structural Federal Budget Deficits**

*by*Kitchen, John

**Un margine di arbitraggio non sfruttato sulla Rendita Italiana a Parigi ?**

*by*Tattara, Giuseppe

**Extracting expectations of New Zealand's Official Cash Rate from the bank-risk yield curve**

*by*Leo Krippner

**Estimating the Natural Rate of Interest: A SVAR Approach**

*by*Michał Brzoza-Brzezina

**Macro Factors and the Term Structure of Interest Rates**

*by*Hans Dewachter & Marco Lyrio

**Modelización De La Volatilidad Del Tipo De Interés A Corto Plazo**

*by*Ángel León & Juan Nave

**Modelos De Duración Y Gestión Del Riesgo De Interés: ¿Un Problema De Dimensión?**

*by*Gloria M. Soto Pacheco

**La Inmunización Financiera: Evaluación De Diferentes Estructuras De Cartera**

*by*Gloria M. Soto Pacheco & Mª Asunción Prats Albentosa

**On Mean Reversion in Real Interest Rates: An Application of Threshold Cointegtation**

*by*Jumah, Adusei & Kunst, Robert M.

**Regime Switches in Swedish Interest Rates**

*by*Erlandsson, Ulf

**Solution of Macromodels with Hansen-Sargent Robust Policies: Some Extensions**

*by*Giordani, Paolo & Söderlind, Paul

**Finite dimensional Markovian realizations for stochastic volatility forward rate models**

*by*Björk, Tomas & Landén, Camilla & Svensson, Lars

**Variable rate liquidity tenders**

*by*Välimäki, Tuomas

**Nonlinear dynamics of interest rate and inflation**

*by*Lanne , Markku

**Bidding in fixed rate tenders: theory and experience with the ECB tenders**

*by*Välimäki, Tuomas

**Real Risk, Inflation Risk, and the Term Structure**

*by*Martin Evans

**Money Market Rates and Implied CCAPM Rates: Some International Evidence**

*by*Yamin Ahmad

**The Effect of Monetary Unification on German Bond Markets**

*by*Hans Dewachter & Marco Lyrio & Konstantijn Maes

**Markov Switching Risk Premium and the term structure of interest rates. Empirical evidence from US post-war interest rates**

*by*Vázquez Pérez, Jesús & Gutiérrez Huerta, María José

**Demography and the Long-run Predictability of the Stock Market**

*by*John Geanakoplos & Michael Magill & Martine Quinzii

**Demography and the Long-run Predictability of the Stock Market**

*by*John Geanakoplos & Michael Magill & Martine Quinzii

**Dynamics of the Federal Funds Target Rate: A Nonstationary Discrete Choice Approach**

*by*Ling Hu & Peter C.B. Phillips

**Monetary Policy and the New Economy : Between Supply Shock and Financial Bubble**

*by*Eric DOR & Alain DURRE

**With a Bang, Not a Whimper: Pricking Germany's 'Stock Market Bubble' in 1927 and the Slide into Depression**

*by*Voth, Hans-Joachim

**The Dynamic Relationship Between the Federal Funds rate and the Treasury Bill Rate: An Empirical Investigation**

*by*Sarno, Lucio & Thornton, Daniel L

**Interpreting the Term Structure of Interbank Rates in Hong Kong**

*by*Gerlach, Stefan

**The Overnight Interbank Market: Evidence from the G7 and the Euro Zone**

*by*Bartolini, Leonardo & Bertola, Giuseppe & Prati, Alessandro

**Estimating Market Probabilities of Future Interest Rate Changes**

*by*Martin Hlusek

**Extended Libor Market Models with Affine and Quadratic Volatility**

*by*Christian Zühlsdorff

**An Examination of the Effects of Parameter Misspecification**

*by*Antje Dudenhausen & Lutz Schlögl

**Regulation and Investment**

*by*Alberto Alesina & Silvia Ardagna & Giuseppe Nicoletti & Fabio Schiantarelli

**Modelos de tasas de interes en Chile: una revision**

*by*Hortensia Fontanals Albiol & Sergio Zuniga

**Conditional Gaussian models of the term structure of interest rates**

*by*Simon H. Babbs

**On the construction of finite dimensional realizations for nonlinear forward rate models**

*by*Camilla Landén & Tomas Björk

**The expectations hypothesis with non-negative rates**

*by*Philip S. Griffin

**A multicurrency extension of the lognormal interest rate Market Models**

*by*Erik Schlögl

**LÕeuro, una moneta completa**

*by*Giacomo Vaciago

**A contemporary investigation of causality between the primary government budget deficit and the ex ante real long term interest rate in the US**

*by*Richard J. Cebula

**Central bank forecasts of liquidity factors and the control of short term interest rates**

*by*Ulrich Bindseil

**A contemporary investigation of causality between the primary government budget deficit and the ex ante real long term interest rate in the US**

*by*Richard J. Cebula

**Central bank forecasts of liquidity factors and the control of short term interest rates**

*by*Ulrich Bindseil

**La formación de la curva de rendimientos en nuevos soles en el Peru**

*by*Augusto Rodríguez & Julio Villavicencio

**The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution**

*by*Woon Gyu Choi

**Consecuencias de la Nominalización de la Política Monetaria**

*by*Juan Andrés Fontaine

**Nominalización de la Tasa de Política Monetaria. Debate y Consecuencias**

*by*Felipe Morandé

**Introducción al Debate Acerca de los Efectos de la Nominalización de la Política Monetaria**

*by*Francisco Rosende

**Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000: Evidence from Japan's Money Market Data**

*by*Fujiki, Hiroshi & Shiratsuka, Shigenori

**The "Lack" of Volatility Trade-Offs in Exchange Rate Zones with Sticky Prices**

*by*Elias D. Belessakos & Christos I. Giannikos

**El modelo de McCallum. Evidencia empírica en la estructura temporal de los tipos de interés española**

*by*M. Isabel Martínez-Serna & Eliseo Navarro-Arribas

**Modeling an Indexed Portfolio for the Italian Market**

*by*Rita L.D'Ecclesia, Marida Bertocchi, Jozsef Abaffy

**Pricing Barrier Bond Options with One-factor Interest Rate Models**

*by*Grace C.H. Kuan and Nick Webber

**A Worst--Case Approach to Inflation Zone Targeting**

*by*B. Rustem, V. W. Wieland and S. Zakovic

**Spectral Analysis as a Tool for Financial Policy: An Analysis of the Short-End of the British Term Structure**

*by*Andrew Hughes Hallett, Christian R Richter

**Welfare Effects of Controlling Labor Supply? An Application of the Stochastic Ramsey Model**

*by*Amilon, Henrik & Bermin, Hans-Peter

**A Two-Factor Model of the German Term Structure of Interest Rates**

*by*Cassola, N. & Luis, J.B.

**The Expectations Hypothesis of the Term Structure: The Greek Interbank Market**

*by*Drakos, Kostantinos

**Expectations and Behaviour of the Spanish Treasury Bill Rates Patterns in Neighboring Areas**

*by*Vidal Fernadez Montoro

**The Dynamics of Short-term Interest Rates: An Econometric Analysis**

*by*Prakash G Apte

**The Dynamics of Short-term Interest Rates: An Econometric Analysis**

*by*Prakash G Apte

**Interest rate volatility prior to monetary union under alternative pre-switch regimes**

*by*Wilfling, Bernd

**The convergence of international interest rates prior to Monetary Union**

*by*Wilfling, Bernd

**An empirical analysis of the German long-term interest rate**

*by*Butter, Frank A.G. den & Jansen, Pieter W.

**European Monetary Union, the term structure, and the Lucas Critique**

*by*Vanbergeijk, Peter A.G. & Berk, Jan Marc

**Transmisión De Volatilidad A Lo Largo De La Estructura Temporal De Swaps: Evidencia Internacional**

*by*Pilar Abad Romero

**Improving the Quality of the Input in the Term Structure Consistent Models**

*by*Javier Giner & Sandra Morini

**The Inflation Premium implicit in the US Real and Nominal**

*by*J. Huston McCulloch

**Testing For Unit Roots Using Economics**

*by*ROMULO CHUMACERO

**An econometric approach to macroeconomic risk. A cross country study**

*by*Carrera, Jorge Eduardo & Cusolito, Ana Paula & Féliz, Mariano & Panigo, Demian

**The analysis of factors that determine the level of interest rates paid on treasury bills in Slovenia**

*by*Grum, Andraž & Dolenc, Primož

**Déterminants empiriques du taux de change Canada/´Etats-Unis dans une perspective de court et de long terme**

*by*Douch, Mohamed

**Bond Market Inflation Expectations in Industrial Countries: Historical Comparisons**

*by*Michael D. Bordo & William G. Dewald

**The Size of the Permanent Component of Asset Pricing Kernels**

*by*Fernando Alvarez & Urban J. Jermann

**How to Deal with Structural Breaks in Practical Cointegration Analysis**

*by*Roselyne Joyeux

**The Effect of Monetary Unification on German Bond Markets**

*by*Hans Dewachter & Marco Lyrio & Konstantijn Maes

**A Joint Model for the Term Structure of Interest Rates and the Macroeconomy**

*by*Hans Dewachter & Marco Lyrio & Konstantijn Maes

**The Effect of Monetary Unification on German Bond Markets**

*by*Hans Dewachter & Marco Lyrio & Konstantijn Maes

**Estimation of a Joint Model for the Term Structure of Interest Rates and the Macroeconomy**

*by*Hans Dewachter & Marco Lyrio & Konstantijn Maes

**Government Debt as Insurance against Macroeconomic Risk**

*by*Barbie, Martin & Hagedorn, Marcus & Kaul, Ashok

**Government Debt as Insurance against Macroeconomic Risk**

*by*Barbie, Martin & Hagedorn, Marcus & Kaul, Ashok

**Interpreting the Term Structure of Interbank Rates in Hong Kong**

*by*Stefan Gerlach

**Monetary Policy Signaling and Movements in the Swedish Term Structure of Interest Rates**

*by*Andersson, Malin & Dillén, Hans & Sellin, Peter

**What if the Fed Had Been an Inflation Nutter?**

*by*Söderlind, Paul

**Payment and financial innovation, reserve demand and implementation of monetary policy**

*by*Lahdenperä, Harri

**Bank Lending Rate Pass-Through and Differences in the Transmission of a Single EMU Monetary Policy**

*by*Marie Donnay & Hans Degryse

**The changing behaviour of the term structure of post-war US**

*by*Gutiérrez Huerta, María José & Vázquez Pérez, Jesús

**An empirical analysis of the German long-term interest rate**

*by*Butter, Frank A.G. den & Jansen, Pieter W.

**European Monetary Union, the term structure, and the Lucas Critique**

*by*Vanbergeijk, Peter A.G. & Berk, Jan Marc

**The Valuation and Hedging of Variable Rate Savings Account**

*by*Frank de Jong & Jacco Wielhouwer

**The Microstructure of the Euro Money Market**

*by*Hartmann, Philipp & Manna, Michele & Manzanares, Andres

**The Liquidity Trap in an Open Economy**

*by*Buiter, Willem H

**The Real Interest rate Gap as an Inflation Indicator**

*by*Neiss, Katharine & Nelson, Edward

**On the dynamics of lending and deposit interest rates in emerging markets: a non-linear approach**

*by*Ana María Iregui & Costas Milas & Jesús Otero

**Interest Rate Determination in India: The Role of Domestic and External Factors**

*by*Pami Dua & B.L. Pandit

**Dynamics of Intra-EMS Interest Rate Linkages**

*by*Christopher F. Baum & John Barkoulas

**Exchange Rate Risk and Interest Rate : A Case Study for Turkey**

*by*Hakan Berument & Aslý Günay

**Public Sector Pricing Behavior And Inflation Risk Premium In Turkey**

*by*Hakan Berument

**A Simple Approach to the Estimation of Continuous Time CEV Stochastic Volatility Models of the Short-Term Rate**

*by*Fabio Fornari & Antonio Mele

**The Changing Behavior Of The Term Structure Of Post-War U.S. Interest Rates And Changes In The Federal Reserve Chairman: Is There A Link?**

*by*María-José Gutiérrez & Jesús Vázquez

**A general characterization of one factor affine term structure models**

*by*Damir Filipovic

**Forward rate dependent Markovian transformations of the Heath-Jarrow-Morton term structure model**

*by*Carl Chiarella & Oh Kang Kwon

**On the theory of interest rate policy**

*by*Heinz-Peter Spahn

**On the theory of interest rate policy**

*by*Heinz-Peter Spahn

**How Does U.S. Monetary Policy Influence Sovereign Spreads in Emerging Markets?**

*by*Vivek Arora & Martin Cerisola

**A kamat, az árfolyam és a forint hátralévő évei**

*by*Tarafás, Imre

**Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review**

*by*Mori, Naruki & Shiratsuka, Shigenori & Taguchi, Hiroo

**The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons: Background Paper**

*by*Okina, Kunio & Shirakawa, Masaaki & Shiratsuka, Shigenori

**Low Inflation, Deflation, and Policies for Future Price Stability**

*by*Taylor, John-B

**Further Monetary Easing Policies under the Non-negativity Constraints of Nominal Interest Rates: Summary of the Discussion Based on Japan's Experience**

*by*Oda, Nobuyuki & Okina, Kunio

**The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap**

*by*Svensson, Lars-E-O

**Financial Crises As the Failure of Arbitrage: Implications for Monetary Policy**

*by*Saito, Makoto & Shiratsuka, Shigenori

**Financial Stability, Deflation, and Monetary Policy**

*by*Goodfriend, Marvin

**Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists**

*by*Fujiki, Hiroshi & Okina, Kunio & Shiratsuka, Shigenori

**Interest Rates Time Structure and Domestic Bond Prices**

*by*Michal Slavík

**Government spending, interest rates, and capital accumulation in a two-sector model**

*by*Yoshiyasu Ono & Akihisa Shibata

**COUNTRY RISK: Economic Policy, Contagion Effect or Political noise?**

*by*Julio Nogués & Martín Grandes

**Monetary Policy and Market Interest Rates**

*by*Tore Ellingsen & Ulf Soderstrom

**Politique monetaire et credibilite dans les pays finances a taux fixe**

*by*Artus, P.

**La monnaie dans la pensée néo-classique pré-keynésienne**

*by*de Boyer des Roches, Jérôme

**Liquidity Preference, Expected Profitability and Investment**

*by*Koutsobinas, Theodore T.

**On the reliability of chow type test for parameter constancy in multivariate dynamic models**

*by*Candelon, Bertrand & Lütkepohl, Helmut

**Government Financing and Interest Rates in a Three Assets Sidrauski-based Model**

*by*Eduardo Pozo

**With a bang, not a whimper: Pricking Germany's "stock market bubble" in 1927 and the slide into depression**

*by*Hans Joachim Voth

**What the Yield Curves say About Inflation: Does it Change Over Time?**

*by*Sebastian Schich

**Asymmetry In The Ems: New Evidence Based On Non-Linear Forecasts**

*by*Óscar Bajo Rubio & Simón Sosvilla Rivero & Fernando Fernández Rodríguez

**Interest Rate and Price Linkages between the USA and Japan: Evidence from the Post-Bretton Woods Period**

*by*Katarina Juselius & Ronald MacDonald

**International Parity Relationships between Germany and the United States: A Joint Modelling Approach**

*by*Katarina Juselius & Ronald MacDonald

**Fundamentals Of The Us And The Uk Interest Rates Under The Rational Expectation Scheme**

*by*Ignacio Mauleón & Mª Mar Sánchez

**On the construction of finite dimensional realizations for nonlinear forward rate models**

*by*Björk, Tomas & Landen, Camilla

**A Geometric View of Interest Rate Theory**

*by*Björk, Tomas

**On the Term Structure of Futures and Forward Prices**

*by*Björk, Tomas & Landen, Camilla

**The Term Structure of Real Interest Rates: Theory and Evidence from UK Index-Linked Bonds**

*by*Seppälä, Juha

**Modelling Spot Rate Process in the Russian Treasury Bills Market**

*by*Sergey Drobyshevsky

**Germany and the euro area: differences in the transmission process of monetary policy**

*by*K.S.E.M. Hubrich & P.J.G. Vlaar

**Cross- and Auto-Correlation Effects arising from Averaging: The Case of US Interest Rates and Equity Duration**

*by*Winfried G. Hallerbach

**The Performance of Multi-Factor Term Structure Models for Pricing and Hedging Caps and Swaptions**

*by*Driessen, J.J.A.G. & Klaassen, P. & Melenberg, B.

**Common Factors in International Bond Returns**

*by*Driessen, J.J.A.G. & Melenberg, B. & Nijman, T.E.

**Libor and Swap Market Models for the Pricing of Interest Rate Derivatives: An Empirical Analysis**

*by*Jong, F.C.J.M. de & Driessen, J.J.A.G. & Pelsser, A.

**Nominal Dynamics in Expected Market-Clearing Models**

*by*Christian Calmes & Frederic Dufourt

**Risk Premia In The Term Structure Of Interest Rates: A Panel Data Approach**

*by*Bams, Dennis & Wolff, Christian C

**The Term Structure of Interest Rates and Inflation Forecast Targeting**

*by*Eijffinger, Sylvester C W & Schaling, Eric & Verhagen, Willem

**Bayesian non-linear modellings of the short term US interest rate: the help of non-parametric tools**

*by*LUBRANO, Michel

**A re-evaluation of empirical tests of the Fisher hypothesis**

*by*Basma Bekdache & Christopher F. Baum

**A Model of the Open Market Operations of the European Central Bank**

*by*Juan Ayuso & Rafael Repullo

**Are there Economies of Scale in the Demand for Money by Firms? some Panel Data Estimates**

*by*Olympia Bover & Nadine Watson

**Estimating the Fractional Order of Integration of Interest Rates Using a Wavelet OLS Estimator**

*by*Tkacz, Greg

**La structure par terme des prix des commodités : analyse théorique et applications au marché pétrolier**

*by*Lautier, Delphine

**Money demand in Venezuela: A cointegration analysis (1968-1996)**

*by*Josefá Ramoni Perazzi & Giampaolo Orlandoni Merli

**A simple regime switching term structure model**

*by*Asbjørn T. Hansen & Rolf Poulsen

**Markov-functional interest rate models**

*by*Joanne Kennedy & Phil Hunt & Antoon Pelsser

**Bond pricing in a hidden Markov model of the short rate**

*by*Camilla LandÊn

**Convergence of discrete time option pricing models under stochastic interest rates**

*by*O. Scaillet & J.-L. Prigent & J.-P. Lesne

**Arbitrage-free discretization of lognormal forward Libor and swap rate models**

*by*Xiaoliang Zhao & Paul Glasserman

**A correction note on the first passage time of an Ornstein-Uhlenbeck process to a boundary**

*by*O. Renault & O. Scaillet & B. Leblanc

**Regime shifts in the Danish term structure of interest rates**

*by*Tom Engsted & Ken Nyholm

**Estructura de Tasas de Interés en Chile: ¿Qué tan Buen Predictor de Crecimiento e Inflación?**

*by*Viviana Fernández

**Other Things Equal: Alan Greenspan Doesn't Influence Interest Rates**

*by*Deirdre N. McCloskey

**On Generating Scenarios For Bond Portfolios**

*by*Jozsef Abaffy & Marida Bertocchi & Jitka Dupačová & Vittorio Moriggia

**The expectations hypothesis, term premia, and the Canadian term structure of interest rates**

*by*Walid Hejazi & Huiwen Lai & Xian Yang

**Federal Reserve Information and the Behavior of Interest Rates**

*by*David H. Romer & Christina D. Romer

**Habit Formation in Consumption and Its Implications for Monetary-Policy Models**

*by*Jeffrey C. Fuhrer

**Inflation Targets and the Yield Curve: New Zealand and Australia vs. the US**

*by*Pierre Siklos

**Interest Rate Smoothing and Game-Varying Premium: Another Look at Debt Management in Japan**

*by*Takeya, Y.

**Testing Affine Term Structure Models in Case of Transaction Costs**

*by*Driessen, J. & Melenberg, B. & Nijman, T.

**Real Exchange Rates and Real Interest Rates: a nonlinear Perspective**

*by*Bec, F. & Salem, M.B. & MacDonald, R.

**Money and Interest Rate Shocks: Some International Evidence**

*by*Monadjemi, M.S. & Huh, H.-S.

**Quantifying the Half-Life of Deviations from PPP: The Role of Economic Priors**

*by*Kilian, L. & Zha, T.

**Mesures et gestion du risque. Le taux d'interet au budget communal. Application a un panel de 859 villes francaises**

*by*Michel, L.

**Interest Rate Risk and Monetary Union in the European Periphery: Lessons from the Gold Standard, 1880-1914**

*by*Garcia-Iglesias, C.

**Interest Rate Risk and Monetary Union in the European Periphery: Lessons from the Gold Standard, 1880-1914**

*by*Garcia-Iglesias, C.

**Choosing the Right Error in Term Structure Models**

*by*Bobadilla, G.F.

**The Effect of Capital Controls on Interest Rate Differentials**

*by*Herrera, L.O. & Valdes, R.

**Une hausse forte des taux d'interet pour eviter une crise de change peut-elle se justifier?**

*by*Artus, P.

**Interest Rate Spreads between Italy and Germany 1995-1997**

*by*D'Amato, M. & Pistoresi, B.

**Interest Rate Smoothing and Time-Varying Premium: Another Look at Debt Management in Japan**

*by*Yosuke Takeda

**Interest Rate Smoothing and Time-Varying Premium: Another Look at Debt Management in Japan**

*by*Yosuke Takeda

**A New Test of International Financial Integration with Application to the European Union**

*by*J. Holmes, Mark & J. Pentecost, Eric

**Does the Fisher Effect Apply in Greece? A Cointegration Analysis**

*by*Paleologos, John M. & Georgantelis, Spyros E.

**Improving market-based forecasts of short-term interest rates: Time-varying stationarity and the predictive content of switching regime-expectations**

*by*Ahrens, Ralf

**The Potential Approach to Bond and Currency Pricing**

*by*Markus Leippold & Liuren Wu

**Heterogeneous Time Preferences and Interest Rates - The Preferred Habitat Theory Revisited**

*by*Frank Riedel

**On the timing of balance of payments crises: Disaggregated information and interest rate policy**

*by*Fernando Broner

**The Optimal structure of Liquidity Provided by a Self Financed Central Bank**

*by*Miquel Faig

**Estimating The Term Structure of Interest Rates: The Swiss Case**

*by*Iwan Meier

**A re-evaluation of empirical tests of the Fisher hypothesis**

*by*Basma Bekdache & Christopher F. Baum

**Money and Interest Rates with Endogeneously Segmented Markets**

*by*Fernando Alvarez & Andrew Atkeson & Patrick J. Kehoe

**The Informational Advantage of Foreign Investors: An Empirical Study of the Swedish Bond Market**

*by*Säfvenblad, Patrik

**Monetary policy with uncertain parameters**

*by*Söderström, Ulf

**On the Existence of Finite Dimensional Realizations for Nonlinear Forward Rate Models**

*by*Björk, Tomas & Svensson, Lars

**Monetary policy with uncertain parameters**

*by*Söderström, Ulf

**Co-Movements in Long-Term Interest Rates and the Role of PPP-BasedExchange Rate Expectations**

*by*J.M. Berk & K.H.W. Knot

**Testing Affine Term Structure Models in Case of Transaction Costs**

*by*Driessen, J.J.A.G. & Melenberg, B. & Nijman, T.E.

**Existence d’une relation d’équilibre entre variables économiques et variables financières sur le marché français**

*by*Pras, Isabelle

**Temps psychologique, oubli et intérêt chez Maurice Allais**

*by*Georges PRAT

**Stock Prices, Exchange Rates and Monetary Policy**

*by*Dor, Eric & Durré, Alain

**A Survey on Interest Rate Forecasting**

*by*Yvon Fauvel & Alain Paquet & Christian Zimmermann

**The Canadian Treasury Bill Auction and the Term Structure of Interest Rates**

*by*Lise Godbout & Paul Storer & Christian Zimmermann

**Market Discipline and Financial Safety Net Design**

*by*Demirguc-Kunt, Asli & Huizinga, Harry

**Time-series and Cross-section Information in Affine Term Structure Models**

*by*de Jong, Frank

**Inflation Targeting, Transparency and Interest Rate Volatility: Ditching 'Monetary Mystique' in the UK**

*by*Nolan, C. & Chadha, J.S.

**Robustness of Gaussian Hedges and the Hedging of Fixed Income Derivatives**

*by*Dudenhausen, Antje & Erik Schloegl & Lutz Schloegl

**The Information Content of the French and German Government Bond Tield Curves: Why Such Differences?**

*by*Jondeau, E. & Ricart, R.

**La mesure du ratio rendement-risque a partir du marche des euro-devises**

*by*Jondeau, E.

**Interest Rate Transmission and Volatility Transmission along the Yield Curve**

*by*Avouyi-Dovi, S. & Jondeau, E.

**Uncovering Inflation Expectations and Risk Premiums From Internationally Integrated Financial Markets**

*by*Fung, Ben & Mitnick, Scott & Remolona, Eli

**The Expectations Hypothesis for the Longer End of the Term Structure: Some Evidence for Canada**

*by*Lange, Ron

**Some recent developments in capital market theory: A survey**

*by*Richard C. Stapleton

**Invariant measures for the Musiela equation with deterministic diffusion term**

*by*Tiziano Vargiolu

**Minimal realizations of interest rate models**

*by*Tomas BjÃrk & Andrea Gombani

**Estimation of a German money demand system - a long-run analysis**

*by*Kirstin Hubrich

**Interest Spreads in Banking in Colombia, 1974-96**

*by*Adolfo Barajas & Roberto Steiner & Natalia Salazar

**A kétszáz éves ciklus és az Egyesült Államok II. A kamatráták alakulása**

*by*Bródy, András

**On the Monetary Transmission Mechanism in Europe: Results from a Cointegration Analysis of a Money Demand System**

*by*Jan Gottschalk

**Nonlinear Error Correction Modeling in German Interest Rates**

*by*Cord Brannolte & Gerd Hansen & Jeong-Ryeol Kim

**Modelos de Tasas de Interés en Chile: Una Revisión**

*by*Sergio Zúñiga

**Estructura de Tasas de Interés en Chile: La Vía No Paramétrica**

*by*Viviana Fernández

**Modelos de Tasas de Interés en Chile: Una Revisión**

*by*Sergio Zúñiga

**Výnosová køivka v teorii a praxi èeského mezibankovního trhu (The Yield Curve in Theory and in Practice of the CZech Interbank Market)**

*by*Viktor Kotlán

**Credit Risks and European Government Bond Markets: A Panel Data Econometric Analysis**

*by*Jan J.G. Lemmen & Charles A.E. Goodhart

**Thrift, Productivity and the Real Rate of Interest in Australia**

*by*Hawtrey, K. M.

**Eight Reasons Why Real Versus Nominal Interest Rates is the Most Important Concept in Macroeconomic Principles Courses**

*by*Kennedy, P.

**Uncovering Financial Markets Beliefs About Inflation Targets**

*by*Ruge-Murcia, F.J.

**Simulating Optimal Consumption Paths in a Small Open Economy with Uzawa Preferences**

*by*Guest, R.G. & McDonald, I.M.

**The Volatility of U.S. Term Structure Term Premia 1952-1991**

*by*Henry, O.T.

**Note on the Stability of Long-Run Money Demand: Is the Interest Elasticity Really Constant?**

*by*Ryuzo Miyao

**International Linkages and Macroeconomic News Effects in Interest Rate Volatility -Australia and the US**

*by*Kim, S.-J. & Sheen, J.

**The Term STructure of Interest Rates in a Simple Stochastic Growth Model: Evidence from Australian Data**

*by*Kim, D.

**The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by European Central Bank**

*by*Taylor, J.B.

**Interaction entre taux d'interet allemands et francais: Un reexamen de l'hypothese de dominance allemande**

*by*Podevin, M.

**Yield Gap Momentum as a Leading Indicator to Predict Turning Points in Industrial Production Growth**

*by*Shearer, P.R.

**Modernizing Bohm-Bawerk's Theory of Interest**

*by*Dorfman, R.

**Gamma Discounting**

*by*Weitzman, M.L.

**Arbitrage-Free Discretization of Lognormal Forward Libor and Swap Rate Models**

*by*Glasserman, P. & Zhao, X.

**The Probability Density Function of Interest Rates Implied in the Price of Options**

*by*Fornari, F. & Violi, R.

**Financial Sector Reforms and Interest Rate Liberalization: The Kenya Experience**

*by*Ngugi, R.W. & Kabubo, J.W.

**Keynes et le risque de taux d'intérêt de la banque**

*by*de Boyer des Roches, Jérôme

**Yield Spreads and Short-Term Interest Rate Movements in the Tokyo Money Market and the Actions of the Bank of Japan: November 1993 to March 1996**

*by*Ford, J.L. & Cadle, P.J. & Kataoka, Y.

**Indicators of Short-Term Interest Rate Expectations. The Information Contained in the Options Market**

*by*María C. Manzano & Isabel Sánchez

**Higher order forward rate agreements and the smoothness of the term structure**

*by*Jaschke, Stefan R.

**Tax clientele effects in the German bond market**

*by*Stehle, Richard & Jaschke, Stefan R. & Wernicke, S.

**Another look at yield spreads: Monetary policy and the term structure of interest rates**

*by*Kim, Dong-heon

**Tests of the Expectations Hypothesis and Policy Reaction to the Term Spread: Some Comparative Evidence**

*by*Boero, G. & Torricelli, C.

**Continuous-Time Model of Business Fluctuations, and Optimal Behavior of an Interest Rate**

*by*Alexei Krouglov

**Looking Behind the U. K.Term Structure: Were there Peso Problems in Inflation?**

*by*Martin Evans

**Time varying forex market inefficiency**

*by*Koning, Camiel de & Straetmans, Stefan

**Inflationary expectations during Germany's great slump**

*by*Hans Joachim Voth

**Evaluating Asset-Pricing Models Using The Hansen-Jagannathan Bound: A Monte Carlo Investigation**

*by*Otrok, Christopher & Ravikumar, B. & Whiteman, Charles H.

**An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?**

*by*Jeffrey C. Fuhrer

**Testing the predictive power of New Zealand bank bill futures rates**

*by*Leo Krippner

**Discrete-Time Models of Bond Pricing**

*by*David Backus & Silverio Foresi & Chris Telmer

**Predictable Changes in Yields and Forward Rates**

*by*David Backus & Silverio Foresi & Abon Mozumdar & Liuren Wu

**¿Existe un efecto Fisher en el largo plazo? Evidencia para la economía española, 1962-1996**

*by*Oscar Bajo & Vicente Esteve

**Uncovering Financial Markets Beliefs About Inflation Targets**

*by*RUGE-MURCIA, Francisco J.

**Monetary Policy and Market Interest Rates**

*by*Ellingsen, Tore & Söderström, Ulf

**The Informational Advantage of Foreign Investors: An Empirical Study of the Swedish Bond Market**

*by*Säfvenblad, Patrik

**Interest Rate Forecasting with Neural Networks**

*by*Jan Täppinen

**Time varying forex market inefficiency**

*by*Koning, Camiel de & Straetmans, Stefan

**The Term Structure of Interest Rates and Inflation Forecast Targeting**

*by*Eijffinger, S.C.W. & Schaling, E. & Verhagen, W.H.

**Stock-Returns and Inflation in a Principal-Agent Economy**

*by*Jovanovic, B. & Ueda, M.

**What was the Market's View of UK Monetary Policy? Estimating Inflation Risk and Expected Inflation with Indexed Bonds**

*by*Jacobs, Mike & Remolona, Eli & Wickens, Michael R

**Reading Interest Rate and Bond Futures Options' Smiles Around the 1997 French Snap Election**

*by*Coutant, Sophie & Jondeau, Eric & Rockinger, Michael

**Does the Term Structure Predict Recessions? The International Evidence**

*by*Bernard, Henri J & Gerlach, Stefan

**Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France**

*by*Sicsic, Pierre

**Extracting Expectations about 1992 UK Monetary Policy from Option Prices**

*by*Söderlind, Paul

**Does Financial Reform Raise or Reduce Savings?**

*by*Oriana Bandiera & Gerard Caprio Jr. & Patrick Honohan & Fabio Schiantarelli

**Modeling fixed income excess returns**

*by*Basma Bekdache & Christopher F. Baum

**La prevision des taux longs français et allemands a partir d'un modele a anticipations rationnelles**

*by*Jondeau, E. & Sedillot, F.

**Reading Interest Rate and Bond Futures Options' Smiles: How PIBOR and National Operators Appreciated the 1997 French Snap Election**

*by*Coutant, S. & Jondeau, E. & Rockinger, M.

**Threat of a Capital Levy, Expected Devaluation and Interest Rates in France during the Interwar Period**

*by*Hautcoeur, P-C. & Sicsic, P.

**The Probability Density Function of Interest Rates Implied in the Price of Options**

*by*Fabio Fornari & Roberto Violi

**Predicting Canadian Recessions Using Financial Variables: A Probit Approach**

*by*Atta-Mensah, Joseph & Tkacz, Greg

**Interest rate parity: Is it alternative for the computation of the equilibrium exchange rate in Venezuela?**

*by*Josefa Ramoni Perazzi

**The optimality of nominal contracts**

*by*Guido Tabellini & Scott Freeman

**Unstable and stable steady-states in the Kiyotaki-Wright model**

*by*Juan-Manuel Renero

**Path dependent options on yields in the affine term structure model**

*by*Olivier Scaillet & Boris Leblanc

**Implied interest rate pricing models**

*by*J.E. Kennedy & P.J. Hunt

**Volatility of the short rate in the rational lognormal model**

*by*Lisa R. Goldberg

**Anticipation and Surprises in Central Bank Interest Rate Policy: The Case of the Bundesbank**

*by*Daniel C. Hardy

**La internacionalización de la estructura temporal de tipos de interés española**

*by*PAYERAS LLODRÁ, M.

**Tasas de Interés Nominal de Corto Plazo en Chile: Una Comparación Empírica de sus Modelos**

*by*Franco Parisi

**Regime Sensitive Cointegration with an Application to Interest rate Parity**

*by*Siklos, P.L. & Granger, C.W.J.

**The Wicksell Connection, The Quantity Theory and Keynes**

*by*Laidler, D.

**Market Expectations in the UK Before and After the ERM Crisis**

*by*Söderlind, Paul

**Monetary Policy and the Fisher Effect**

*by*Söderlind, Paul

**A Latent Factor Model of European Exchange Rate Risk Premia**

*by*Alexius, Annika & Sellin, Peter

**Robust GMM Estimators and Tests for Models of the Term Structure of Interest Rates**

*by*Elvezio Ronchetti & Fabio Trojani

**International Differences in Interest Rates**

*by*Simkin, C.

**Incomplete Markets: Convergence of Options Values under the Minimal Martingale Measure. The Multidimensional Case**

*by*Prigent, J.L.

**Convergence of Discrete Time Options Pricing Models under Stochastic Rates**

*by*Lesne, J.P. & Prigent, J.L. & Scaillet, O.

**Interest Rate Linkages in the Exchange Rate Mechanism : Tests for Asymmetry, German Dominance and Interest Rate Parity Using Daily Data Over 1990 to 1997**

*by*Thom, R

**Monetary Policy and the Term Structure of Interest Rates**

*by*Balmaseda, M. & Braun, R.A. & Nieto, E.

**Long-Term Interest Rate Convergence in Europe and the Probability of EMU**

*by*Angeloni, I. & Violi, R.

**Which alternative to choose: does the excess sensitivity hypothesis or a time varying term premium explain the failure of the rational expectations hypothesis of the term structure?**

*by*Tzavalis, Elias

**Pricing and Hedging of Contingent Claims in Term Structure Models with Exogenous Issuing of New Bonds**

*by*Sommer, Daniel

**Are Ex-Post Real Interest Rates a Good Proxy for Ex-Ante Real Rates? An International Comparison with a CCAPM Framework**

*by*Juan Ayuso & J. David LÃ³pez-Salido

**The Impact of Changes in Expected Marginal Tax Rates on Nominal Interest Rates**

*by*Hosek, William R. & Zahn, Frank

**A class of Health-Jarrow-Morton models in which the unbiased expectations hypothesis holds**

*by*Riedel, Frank

**The Information Content of German Discount Rate Changes**

*by*Manfred J.M. Neumann & Jens Weidmann

**New Hope for the Fisher Effect? A Re-Examination Using Threshold Cointegration**

*by*Jens Weidmann

**Phenomenology of the interest curve**

*by*Jean-Philippe BOUCHAUD & Rama CONT & Nicole EL KAROUI & Marc POTTERS & Nicolas SAGNA

**On the relevance of modeling volatility for pricing purposes**

*by*Manuel Moreno

**Risk management under a two-factor model of the term structure of interest rates**

*by*Manuel Moreno

**Stock returns, term structure, inflation and real activity: An international perspective**

*by*Fabio Canova & Gianni de Nicolo

**An Empirical Analysis of the Impact of Federal Budget Deficits on Long-term Nominal Interest Rate Yields, 1973.2-1995.4, Using Alternative Expected Inflation Measures**

*by*Cebula, Richard

**Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?**

*by*Menzie D. Chinn & Michael P. Dooley

**On the Optimality of Interest Rate Smoothing**

*by*Sergio Rebelo & Danyang Xie

**Interest Rate Targeting and the Dynamics of Short-Term Rates**

*by*Pierluigi Balduzzi & Giuseppe Bertola & Silverio Foresi & Leora Klapper

**New Techniques to Extract Market Expectations from Financial Instruments**

*by*Paul Soderlind & Lars E. O. Svensson

**The Generalized War of Attrition**

*by*Jeremy Bulow & Paul Klemperer

**New Techniques to Extract Market Expectations from Financial Instruments**

*by*Söderlind, Paul & Svensson, Lars E.O.

**Forward Interest Rates as Indicators of Inflation Expectations**

*by*Söderlind, Paul

**Interest Rate Dynamics and Consistent Forward Rate Curves**

*by*Björk, Tomas & Christensen, Bent Jesper

**Minimal Realizations of Forward Rates**

*by*Björk, Tomas & Gombani, Andrea

**Reaction Function Estimation when Central Banks Face Adjustment Costs**

*by*Roszbach, Kasper

**Structure des taux d’intérêt et consommation**

*by*Frédéric APRAHAMIAN & Georges FIORI & Philippe MICHEL

**Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States**

*by*Smets, Frank & Tsatsaronis, Kostas

**Extracting Information from Asset Prices: The Methodology of EMU Calculators**

*by*Favero, Carlo A & Giavazzi, Francesco & Iacone, Fabrizio & Tabellini, Guido

**Real Interest Rates, Nominal Shocks, and Real Shocks**

*by*Driffill, John

**Stock Returns, Term Structure, Inflation and Real Activity: An International Perspective**

*by*Canova, Fabio & de Nicolo, Gianni

**Monetary Policy and the Fisher Effect**

*by*Söderlind, Paul

**New Techniques to Extract Market Expectations from Financial Instruments**

*by*Söderlind, Paul & Svensson, Lars E O

**Cointegration and Market Efficiency: An Application to the Canadian Treasury Bill Market**

*by*Park, S.B.

**The Ex Ante Predictive Accuracy of Alternative Models of the Term Structure of Interest Rates**

*by*Basma Bekdache & Christopher F. Baum

**La théorie des anticipations de la structure par terme : test à partir des titres publics français**

*by*Jondeau, E. & Ricart, R.

**Le contenu en information de la pente des taux : application au cas des titres publics français**

*by*Jondeau, E. & Ricart, R.

**Canadian Short-Term Interest Rates and the BAX Futures Markets: An Analysis of the Impact of Volatility on Hedging Activity and the Correlation of Returns Between Markets**

*by*Watt, D.G.M.

**The Structure of Interest Rates in Canada: Information Content about Medium-Term Inflation**

*by*Jim Day & Ron Lange

**Arbitrage bounds for the term structure of interest rates**

*by*Stefan R. Jaschke

**A note on pricing interest rate derivatives when forward LIBOR rates are lognormal**

*by*Beniamin Goldys

**LIBOR and swap market models and measures (*)**

*by*Farshid Jamshidian

**Continuous-time term structure models: Forward measure approach (*)**

*by*Marek Rutkowski & Marek Musiela

**Towards a general theory of bond markets (*)**

*by*Giovanni Di Masi & Tomas Björk & Wolfgang Runggaldier & Yuri Kabanov

**Government deficit, ex post real long-term interest rates and causality**

*by*R.J. CEBULA

**Government deficit, ex post real long-term interest rates and causality**

*by*R.J. CEBULA

**Indexed Bonds and Monetary Policy: The Real Interest Rate and the Expected Rate of Inflation**

*by*Kitamura, Yukinobu

**High Real Interest rates and Banking Crisis in an Open Economy: A Case Study of Chile, 1975-1983**

*by*Brock, P.L.

**On the Optimality of Interest Rate Smoothing**

*by*Rebelo, S. & Xie, D.

**Bank Markups, Horizontalism and the Significance of Banks's Liquidity Preference: An Empirical Assessment**

*by*Deriet, M. & Seccareccia, M.

**A Semi-Parametric Factor Model for Interest Rates**

*by*Ghysels, E. & Ng, S.

**New Techniques to Extract Market expectations from Financial Instruments**

*by*Söderlind, Paul & Svensson, Lars E.O.

**High Real Interest rates and Banking Crisis in an Open Economy: A Case Study of Chile, 1975-1983**

*by*Brock, P.L.

**Price and Change Rate determination Between Laos and Thailand**

*by*Joyeux, R. & Worner, W.E.

**International Interest Rates Linkage: Evidence from OCDE Countries**

*by*Monadjemi, M.S.

**On the Welfare Significance of National Product Under Interest-Rate Uncertainty**

*by*Weitzman, M-L

**Exchange Rate Dynamics and Learning**

*by*Gourinchas, P-O & Tornell, A

**Issues in the ECU Markets and Some Tentative Explanations fro Some Apparent Puzzles**

*by*Fell, J.P.C. & Levy, A.

**The Role of Short Rates and Foreign Long Rates in the Determination of Long-Term Interest Rates**

*by*Fell, J.P.C.

**The Prime Premium : Is Relationship Banking Too Costly for Some?**

*by*Beim, D-O

**Taux d'interet reels et inflation**

*by*Artus, P.

**Puzzling Integratedness of Interest Rates: A Case for Nonparametric Threshold Cointegration?**

*by*Cron, Axel & Jens Weidmann

**The Information Content of German Discount Rate Changes**

*by*Manfred J. M Neumann & Jens Weidmann

**Optimal Control of Linear Systems with Time Varying Drift Parameters: the Gaussian Case**

*by*Christopeit, Norbert

**What Does Consumption Tell Us about Inflation Expectations and Real Interest Rates?**

*by*Juan Ayuso & J. David López-Salido

**A two-mean reverting-factor model of the term structure of interest rates**

*by*Manuel Moreno

**On the term structure of Interbank interest rates: Jump-diffusion processes and option pricing**

*by*Manuel Moreno & Juan I. Peña

**Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations**

*by*Alison Tarditi

**The Precision of Instrumental Variables Estimates With Grouped Data**

*by*Lara Shore-Sheppard

**An Empirical Note on the Impact of the Federal Budget Deficit on Ex Ante Real Long-Term, Interest Rates, 1973-1995**

*by*Cebula, Richard

**Inflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices**

*by*David G. Barr & John Y. Campbell

**Understanding Equilibrium Models with a Small and a Large Number of Agents**

*by*Wouter J. Den Haan

**Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing**

*by*David Backus & Silverio Foresi & Stanley Zin

**A Semi-Parametric Factor Model for Interest Rates**

*by*Ghysels, E. & Ng, S.

**Determinants of the expected real long-term interest rates in the G7-countries**

*by*Krämer, Jörg W.

**Financial liberalisation and interest rate risk management in sub-Saharan Africa**

*by*Willem Naudé

**Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the United States?**

*by*Favero, Carlo A & Iacone, Fabrizio & Pifferi, Marco

**Exchange Rate Premia and the Credibility of the Crawling Target Zone in Hungary**

*by*Darvas, Zsolt

**Lognormality of Rates and Term Structure Models**

*by*Goldys, B. & M. Musiela & D. Sondermann

**German Unification and the EMS: A Non-Parametric Approach to the Asymmetry Question**

*by*Axel Cron, Jens Weidmann

**Nonlinear Nonparametric Prediction of the 90-Day T-Bill Rate**

*by*John Barkoulas & Christopher F. Baum & Joseph Onochie

**Fractional Differencing Modeling and Forecasting of Eurocurrency Deposit Rates**

*by*John Barkoulas & Christopher F. Baum

**Fractional Cointegration Analysis of Long Term International Interest Rates**

*by*John Barkoulas & Christopher F. Baum & Gurkan S. Oguz

**Nearest-Neighbor Forecasts of U.S. Interest Rates**

*by*John Barkoulas & Christopher F. Baum & Atreya Chakraborty

**Time-Varying Risk Premia in the Foreign Currency Futures Basis**

*by*John Barkoulas & Christopher F. Baum

**The Expectation Theory: Tests on French, German, and American Euro-Rates**

*by*Jondeau, E. & Ricart, R.

**Kamatparitás lebegő és csúszó leértékeléses árfolyamrendszerben**

*by*Barabás, Gyula

**Kamatkülönbség és árfolyam-várakozások az előre bejelentett kúszó árfolyamrendszerben**

*by*Darvas, Zsolt

**Inflation expectations and Real Return Bonds**

*by*Agathe Côté & Jocelyn Jacob & John Nelmes & Miles Whittingham

**Real short-term interest rates and expected inflation: Measurement and interpretation**

*by*Nicholas Ricketts

**Money Growth Variability and the Term Structure of Interest in Japan**

*by*Lynch, G-J & Ewing, B-T

**Forecasting Inflation from the Term Structure**

*by*Tzavalis, E. & Wickens, M.R.

**Regulatory Change and Bank Profitability in Italy**

*by*Calcagnini, G. & Hester, D.D.

**Single Factor Heath-Jarrow-Morton Term Structure Models Based on Markov Spot Interest Rate Dynamics**

*by*Andrew Mark Jeffrey

**Sources of Variation in International Real Interest Rates**

*by*Allan W. Gregory & David G. Watt

**Some Lessons from the Yield Curve**

*by*John Y. Campbell

**The fundamental determinants of financial integration in the European Union**

*by*Lemmen, J.J.G. & Eijffinger, S.C.W.

**Forward Interest Rates as Indicators of Inflation Expectations**

*by*Söderlind, Paul

**The Information Content of the Term Structure: Evidence for Germany**

*by*Gerlach, Stefan

**The Equity Premium and the Risk Free Rate: A Cross Country, Cross Maturity Examination**

*by*Canova, Fabio & de Nicolo, Gianni

**Real Interest Rates and Central Bank Operating Procedures**

*by*Canzoneri, Matthew B & Dellas, Harris

**An Analysis of the Real Interest Rate Under Regime Shifts**

*by*René Garcia & Pierre Perron

**Minimax Estimator for linear models with nonrandom disturbances**

*by*Christopeit, N. & V. L. Girko

**Determining the Value of a Financial Unit of Account Based on Composite Currencies: The Case of the Private ECU**

*by*David Folkerts-Landau & Peter M. Garber

**Explaining devaluation expectations in the EMS**

*by*Ulf Söderström & Alexis Stenfors

**Interest rate and inflation expectations in Finland 1987-1994 : a case for the inverted fisher hypothesis**

*by*Mika Linden

**Co-integration and the term structure of Finnish short-term interest rates**

*by*Markku Lanne

**Inflation Non-neutralities and the Response of Interest Rates to Inflation Expectations**

*by*Laurence H. Meyer & Anandi P. Sahu

**The term structure of interest rates as a leading indicator of economic activity: A technical note**

*by*Kevin Clinton

**The Monetary Transmission Mechanism: An Empirical Framework**

*by*John B. Taylor

**Some Lessons from the Yield Curve**

*by*John Y. Campbell

**The Credibility of the United Kingdom's Commitment to the ERM : Intentions versus Actions**

*by*Masson, Paul R

**Explaining Devaluation Expectations in the EMS**

*by*Stenfors, Alexis & Söderström, Ulf

**The French-German Interest Rate Differential since German Unification: The Impact of the 1992 and 1993 EMS Crisis**

*by*Henry, Jerome & Jens Weidmann

**Testing Long-run Neutrality: Empirical Evidence for G7-Countries with Special Emphasis on Germany**

*by*Weber, Axel

**Asymmetry in the EMS revisited: Evidence from the causality analysis of daily Eurorates**

*by*Henry, Jerome & Jens Weidmann

**Investition, Finanzierung und Sparen: einige Implikationen der Keynes-Robertson-Kontroverse über den "Revolving Fund"**

*by*Hein, Eckhard

**Monetary Policy and the Term Structure of Interest Rates**

*by*Bennett T. McCallum

**Reverse Engineering the Yield Curve**

*by*David K. Backus & Stanley E. Zin

**The Simplest Test of Inflation Target Credibility**

*by*Svensson, Lars E O

**Testing Long-run Neutrality: Empirical Evidence for G7 Countries with Special Emphasis on Germany**

*by*Weber, Axel A

**An Alternative Strategy for Estimation of a Nonlinear Model of the Term Structure of Interest Rates**

*by*Christopher F. Baum & Olin Liu

**Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy**

*by*Carlo Cottarelli & Angeliki Kourelis

**Testing the Credibility of Belgium's Exchange Rate Policy**

*by*Ioannis Halikias

**Covered Interest Parity: Evidence from the U.S.- Canadian Money Markets**

*by*Hamid Baghestani

**Covered Interest Parity: Evidence from the U.S.- Canadian Money Markets**

*by*Hamid Baghestani

**The Simplest Test of Inflation Target Credibility**

*by*Lars E.O. Svensson

**Term, Inflation, and Foreign Exchange Risk Premia: A Unified Treatment**

*by*Lars E.O. Svensson

**A Model of Target Changes and the Term Structure of Interest Rates**

*by*Pierluigi Balduzzi & Giuseppe Bertola & Silverio Foresi

**Financial Openness and the Effectiveness of Capital Controls in Greece**

*by*Christodoulakis, Nikos & Karamouzis, Nick

**Liquidity Effects and the Determinants of Short-term Interest Rates in Italy (1991-92)**

*by*Angeloni, Ignazio & Prati, Alessandro

**Signalling Debt Sustainability**

*by*Drudi, Francesco & Prati, Alessandro

**Liquidity and Financial Intermediation**

*by*DUTTA, Jayasri & KAPUR, Sandeep

**French-German Interest Rate Differentials and Time-Varying Realignment Risk**

*by*Francesco Caramazza

**Asymmetry in the ERM: A Case Study of French and German Interest Rates Before and After German Unification**

*by*Edward H. Gardner & William R. M. Perraudin

**The Impact of Federal Deposit Insurance on Savings and Loan Failures**

*by*Cebula, Richard

**Imperfect capital markets and persistence of initial wealth inequalities**

*by*Thomas Piketty

**Inflation and the Interest Rate in 1991**

*by*Maria Zhecheva & Roumen Avramov & Valentin Chavdarov

**Инфлацията И Лихвения Процент През 1991 Г**

*by*Maria Zhecheva & Roumen Avramov & Valentin Chavdarov

**Understanding the High Interest Rates on Italian Government Securities**

*by*Giovannini, Alberto & Piga, Gustavo

**Bretton Woods and its Precursors: Rules versus Discretion in the History of International Monetary Regimes**

*by*Giovannini, Alberto

**Dynamic Capital Mobility in Pacific Basin Developing Countries: Estimation and Policy Implications**

*by*Hamid Faruqee

**Fisherian Transmission and Efficient Arbitrage under Partial Financial Indexation: The Case of Chile**

*by*Enrique G. Mendoza

**Response [Great and Almost-Great Magnitudes for Economists]**

*by*Simon, Julian L

**Time-Varying Estimates on the Openness of the Capital Account in Korea and Taiwan**

*by*Helmut Reisen & Hélène Yèches

**Financial Innovations and the Distributional Effects of Interest Rate Changes in the UK**

*by*Philip Arestis & Peter Howells

**The Long-term Decline in Real Interest Rates: Comment**

*by*Clark, Gregory

**Some Structural Hypotheses in a Multivariate Cointegration Analysis of the Purchasing Power Parity and the Uncovered Interest Parity for UK**

*by*Søren Johansen & Katarina Juselius

**Large Deficits Produce High Interest Rates**

*by*Cebula, Richard & Schwartzburt, Mark & Scott, Gerald

**Deficits and Real Interest Rates: A Note Extending the Hoelscher Model**

*by*Cebula, Richard & Scott, Gerald

**A Note on Federal Budget Deficits and the Term Structure of Real Interest Rates in the United States**

*by*Cebula, Richard

**A Strategic Market Game with a Mutual Bank with Fractional Reserves and Redemption in Gold (A Continuum of Traders)**

*by*Martin Shubik & D.P. Tsomocos

**Determinants of Business Failure: A Time Series Analysis**

*by*Assadian, Afsaneh & Cebula, Richard

**An Empirical Note on Deficits, Interest Rates, and International Capital Flows**

*by*Cebula, Richard & Koch, James

**What is the role of the interest rate?**

*by*Luis E. Rivero Medina

**Currency speculation and dollar fluctuations**

*by*Stephan Schulmeister

**Currency speculation and dollar fluctuations**

*by*Stephan Schulmeister

**Federal Government Budget Deficits and Interest Rates: A Brief Note**

*by*Cebula, Richard

**Taux d'intérêt et quantité de monnaie : note sur la distinction entre deux sphères de circulation chez T. Tooke, K. Wicksell, J.M. Keynes et J.A. Schumpeter**

*by*de Boyer des Roches, Jérôme

**The Taxation Of Foreign Investment Income In Canada, The United States And Mexico**

*by*Glenn Jenkins & GRAHAM GLENDAY & DEVENDRANAUTH MISIR

**A Note on "Crowding Out" in the United States**

*by*Cebula, Richard & Cebula, Barbara

**The Role Of Canadian And United States Monetary Policy In The Determination Of Interest Rates In Canada**

*by*Glenn Jenkins & HENRY LIM

**The Role of the United States Monetary Stock in a Model of the Canadian Economy**

*by*Glenn Jenkins

**The Determinants Of The Nominal Interest Rate**

*by*Glenn Jenkins & HENRY LIM

**New Hope for the Fisher Effect? A Re-Examination Using Threshold Cointegration**

*by*Jens Weidmann

**Dynamic Factor Models with Smooth Loadings for Analyzing the Term Structure of Interest Rates**

*by*Borus Jungbacker & Siem Jan Koopman & Michel van der Wel

**Control of Generalized Error Rates in Multiple Testing**

*by*Joseph P. Romano & Michael Wolf

**Beta Regimes for the Yield Curve**

*by*Francesco Audrino & Enrico De Giorgi

**Optimal Allotment Policy in Central Bank Open Market Operations**

*by*Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla

**The Lucas Critique in Practice: An Empirical Investigation of the Impact of European Monetary Integration on the Term Structure**

*by*Peter A.G. VanBergeijk & Jan Marc Berk

**An Open-Economy Macro-Finance Model of Internatinal Interdependence: The OECD, US and the UK**

*by*Peter Spencer & Zhuoshi Liu

**The Use Of Spreads In Forecasting Medium Term U.K Interest Rates**

*by*B. Pesaran & G. Wright

**The Role of Financial Sector Competition for Monetary Policy**

*by*Edgar A. Ghossoub & Robert Reed & Thanarak Laosuthi

**Central Bank Liquidity Provision and Financial Sector Competition This paper presents a general equilibrium production economy where money is essential and financial intermediaries provide important economic functions. In this setting, we study the effects of liquidity provision by the monetary authority under two different banking structures: a perfectly competitive and a fully concentrated banking system. When the banking sector is perfectly competitive, liquidity injections through an open market purchase stimulate capital investment and production. Interestingly, an expansionary monetary policy can become contractionary when the banking sector is fully concentrated. This necessarily happens in economies where government liabilities constitute a large fraction of total deposits and inflation is high. Moreover, we demonstrate that imperfect banking competition is a source of indeterminacy of dynamical equilibria. More specifically, the economy can display Hopf bifurcation. However, monetary policy plays an important role in controlling deterministic cycles and endogenous volatility that could arise under a fully concentrated banking sector**

*by*Hamid Beladi & Edgar Ghossoub

**Fiscal Deficits, Current Account Dynamics and Monetary Policy**

*by*Giorgio Di Giorgio & Salvatore Nisticï¿½

**On the determinants of currency crises: The role of model uncertainty**

*by*Jesus Crespo Cuaresma & Tomas Slacik

**Stock market liquidity and macro-liquidity shocks: Evidence from the 2007-2009 financial crisis**

*by*Chris Florackis & Alexandros Kontonikas & Alexandros Kostakis

**Behavioural Equilibrium Exchange Rate and Total Misalignment: Evidence from the Euro Exchange Rate**

*by*Minoas Koukouritakis & Nikolaos Giannellis

**The Term Structure of Interbank Risk**

*by*Damir FILIPOVIC & Anders B. TROLLE

**International Bond Risk Premia**

*by*Magnus DAHLQUIST & Henrik HASSELTOFT

**The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment**

*by*Paul Beaudry & Philippe Bergevin

**The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment**

*by*Paul Beaudry & Philippe Bergevin

**Tasa De Rendimiento De Capital De Colombia Para El Periodo Entre 1990 Y 2001**

*by*Ana María Tribín Uribe

**Una aproximación a la dinámica de las tasas de interés de corto plazo en Colombia a través de modelos GARCH multivariados**

*by*Luis Fernando Melo Velandia & Oscar Reinaldo Becerra Camargo

**Tramo Corto de la Curva de Rendimientos, Cambio de Régimen Inflacionario y Expectativas de Inflación en Colombia**

*by*Luis Eduardo Arango & Luz Adriana Flórez

**Interest Rate Setting and the Colombian Monetary Transmission Mechanism**

*by*Carlos Andrés Amaya

**Expectativas de Actividad Económica en Colombia y Estructura a Plazo: Un Poco más de Evidencia**

*by*Luis Eduardo Arango & Luz Adriana Flórez

**El Tramo Corto de la Estructura a Plazo como Predictor de Expectativas de la Actividad Económica en Colombia**

*by*Luis Eduardo Arango & Luz Adriana Flórez & Angélica María Arosemena

**El Tramo Corto de la Estructura a Plazo como predictor de Expectativas de Inflación en Colombia**

*by*Luis Eduardo Arango & María Angélica Arosemena

**Affine Bond Pricing with a Mixture Distribution for Interest Rate Time-Series DynamicsCreation-Date: 20100225**

*by*Torben B. Rasmussen

**Monetary policy operations: experiences during the crisis and lessons learnt - a comment**

*by*Rafael Repullo

**Implementing monetary policy in the crisis times - the case of the ECB**

*by*Nuno Cassola & Alain Durré & Cornelia Holthausen

**Revisiting the Tale of Two Interest Rates with Endogenous Market Segmentation**

*by*Aubhik Khan & Julia Thomas