## 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:**

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

Most recent items first, undated at the end.

**Economic Fundamentals and Spill-over among Asian Term Structures**

*by*Wachirawat Banchuen

**The Long-run Determinants of Indian Government Bond Yields**

*by*Tanweer Akram & Anupam Das

**Secular stagnation: Determinants and consequences for Australia**

*by*Grace Taylor & Rod Tyers

**Excess Reserves and Monetary Policy Implementation**

*by*Roc Armenter & Benjamin Lester

**Towards an asymmetric long run equilibrium between stock market uncertainty and the yield spread. A threshold vector error correction approach**

*by*Evgenidis, Anastasios & Tsagkanos, Athanasios & Siriopoulos, Costas

**Do analysts' forecasts of term spread differential help predict directional change in exchange rates?**

*by*Baghestani, Hamid & Toledo, Hugo

**Excess reserves, monetary policy and financial volatility**

*by*Primus, Keyra

**The impact of fiscal rules on sovereign risk premia: International evidence**

*by*Thornton, John & Vasilakis, Chrysovalantis

**The role of oil prices in the forecasts of South African interest rates: A Bayesian approach**

*by*Gupta, Rangan & Kotzé, Kevin

**Determinants of Bank-Sovereign Distress**

*by*Raphael Espinoza & Miguel Segoviano

**Is Inflation Persistence Different in Reality?**

*by*Nikolaos Antonakakis & Juncal Cunado & Luis A. Gil-Alana & Rangan Gupta

**Monetary Policy and Leverage Shocks**

*by*Apostolos Serletis

**Functioning of monetary and financial system and the depression of the Russian economy**

*by*V. Manevitch.

**Efectos de sorpresas económicas en la estructura de tasas de interés. Evidencia para Brasil, Chile y México**

*by*Ceballos Sanhueza, Luis

**¿Existe evidencia de asimetrías en la gestión de la política monetaria por parte del Banco Central Europeo? (1999-2014)**

*by*Barros-Campello, Esther & Pateiro-Rodríguez, Carlos & Salcines-Cristal, J. Venancio

**Spillovers of banking regulation: The effect of the German bank levy on the lending rates of regional banks and their local competitors**

*by*Haskamp, Ulrich

**Equilibrium real interest rates and secular stagnation: An empirical analysis for euro area member countries**

*by*Belke, Ansgar & Klose, Jens

**House prices and interest rates: Bayesian evidence from Germany**

*by*Hanck, Christoph & Prüser, Jan

**Did quantitative easing affect interest rates outside the US? New evidence based on interest tate differentials**

*by*Belke, Ansgar & Gros, Daniel & Osowski, Thomas

**Regional Banking Instability and FOMC Voting**

*by*Eichler, Stefan & Lähner, Tom & Noth, Felix

**Much ado about nothing: Sovereign ratings and government bond yields in the OECD**

*by*El-Shagi, Makram

**Why are policy real interest rates so high in Brazil? An analysis of the determinants of the Central Bank of Brazil's real interest rate**

*by*Balliester Reis, Thereza

**Forward guidance and "lower for longer": The case of the ECB**

*by*Bletzinger, Tilman & Wieland, Volker

**Asset market response to monetary policy news from SNB press releases**

*by*Hüning, Hendrik

**Global-Soziale Marktwirtschaft und die Flüchtlingsfrage**

*by*von Weizsäcker, Carl Christian

**Population growth, saving, interest rates and stagnation: Discussing the Eggertsson-Mehrotra model**

*by*Spahn, Peter

**Investitionen: Warum wir sie brauchen und wie wir sie kriegen**

*by*Christl, Michael & Köppl-Turyna, Monika & Lorenz, Hanno

**The effect of conventional and unconventional euro area monetary policy on macroeconomic variables**

*by*Halberstadt, Arne & Krippner, Leo

**Below the zero lower bound: A shadow-rate term structure model for the euro area**

*by*Lemke, Wolfgang & Vladu, Andreea L.

**中国地方政府性债务风险与国债定价--基于城投债利差与国债收益率的分析**

*by*牛霖琳 & 洪智武 & 陈国进

**Interest rates, corporate lending and growth in the Euro Area**

*by*Gabriele Tondl

**Conventional monetary policy and the degree of interest rate pass through in the long run: a non-normal approach**

*by*Dong-Yop Oh & Hyejin Lee & Karl David Boulware

**Il Debito Pubblico Italiano Analisi Della Sua Composizione Dal 1999 Ad Oggi**

*by*Francesco Rossi & Riccardo Zanrossi

**Explaining the Failure of the Expectations Hypothesis with Short-Term Rates**

*by*Ranaldo, Angelo & Rupprecht, Matthias

**Unsecured and Secured Funding**

*by*Ranaldo, Angelo & Wrampelmeyer, Jan

**Fragility of Money Markets**

*by*Ranaldo, Angelo & Rupprecht, Matthias & Wrampelmeyer, Jan

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

*by*Alessia Paccagnini

**Alternative User Costs, Rates of Return and TFP Growth Rates for the US Nonfinancial Corporate and Noncorporate Business Sectors: 1960-2014**

*by*Diewert, W. Erwin & Fox, Kevin J.

**Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty**

*by*Tobias Kranz

**Interest Rate Rules, Exchange Market Pressure, and Successful Exchange Rate Management**

*by*Franc Klaassen & Kostas Mavromatis

**Co-movement of Exchange Rates with Interest Rate Differential, Risk Premium and FED Policy in “Fragile Economies”**

*by*M. Utku Ozmen & Erdal Yilmaz

**The Impact of the ECB’s Conventional and Unconventional Monetary Policies on Stock Markets**

*by*Reinder Haitsma & Deren Unalmis & Jakob de Haan

**The Effect of Inflation and Interest Rates on Forward-Looking Effective Tax Rates**

*by*Centre for European Economic Reserach (ZEW)

**The shadow rate as a predictor of real activity and inflation: Evidence from a data-rich environment**

*by*Hännikäinen Jari

**When does the yield curve contain predictive power? Evidence from a data-rich environment**

*by*Jari Hännikäinen

**Credit market heterogeneity, balance sheet (in)dependence, financial shocks**

*by*Chris Garbers & Guangling Liu

**Fractionality and co-fractionality between Government Bond yields**

*by*Håvard Hungnes

**Central Bank Sentiment and Policy Expectations**

*by*Paul Hubert & Fabien Labondance

**Solving Endogenous Regime Switching Models**

*by*Jean Barthélemy & Magali Marx

**Central Bank Sentiment and Policy Expectations**

*by*Paul Hubert & Fabien Labondance

**The effect of ECB forward guidance on policy expectations**

*by*Paul Hubert & Fabien Labondance

**Previdência e taxa de juros no Brasil**

*by*Brian Bolarinwa Ogundairo & Mauro Rodrigues

**A Portfolio Model of Quantitative Easing**

*by*Jens H. E. Christensen & Signe Krogstrup

**Securitisation, loan growth and bank funding: the Swiss experience since 1932**

*by*Jonas Meuli & Thomas Nellen & Thomas Nitschka

**Networks and lending conditions: Empirical evidence from the Swiss franc money markets**

*by*Silvio Schumacher

**Is Poland at risk of the zero lower bound?**

*by*Michal Brzoza-Brzezina & Marcin Kolasa & Mateusz Szetela

**Why may large economies suffer more at the zero lower bound?**

*by*Michal Brzoza-Brzezina

**Do Ownership Structure and Market Power Matter in Interest Rate Pass-through? Evidence from Pakistan’s Bank Level Data**

*by*Syed Zulqernain Hussain & Mahmood ul Hasan Khan

**Should Central Bank Forget Reserve Requirements? Assessment of Reserve Requirements in Transmitting SBP’s Policy Shocks to Retail Interest Rates and Exchange Rate**

*by*Muhammad Omer

**Assessing Monetary Policy Effectiveness in Rich Data Environment**

*by*Muhammad Nadim Hanif & Javed Iqbal

**Effects of South African Monetary Policy Implementation on the CMA: A Panel Vector Autoregression Approach**

*by*Monaheng Seleteng (PhD)

**Credit market heterogeneity, balance sheet (in) dependence, financial shocks**

*by*Chris Garbers & Guangling Liu

**Qualitative Guidance and Predictability of Monetary Policy in South Africa**

*by*Alain Kabundi & NtuthukoTsokodibane

**Population growth, saving, interest rates and stagnation**

*by*Peter Spahn

**Capital Inflow Transmission of Monetary Policy to Emerging Markets**

*by*Adugna Olani

**Interest rate pass-through: a nonlinear vector error-correction approach**

*by*Michal Popiel

**The Output Euler Equation and Real Interest Rate Regimes**

*by*Pym Manopimoke

**Daily Movements in the Thai Yield Curve: Fundamental and Non-Fundamental Drivers**

*by*Jakree Koosakul

**Central Bank Communication and Monetary Policy Effectiveness: Evidence from Thailand**

*by*Pongsak Luangaram & Yuthana Sethapramote

**The Effect of Quantitative Easing on Lending Conditions**

*by*Laura Blattner & Luisa Farinha & Gil Nogueira

**Mathematical model of the economic trend**

*by*Krouglov, Alexei

**Preference for Liquidity of Agents: An Analyse of Brasilian Case**

*by*LAGES, ANDRÉ MAIA GOMES & SANTOS, FABRÍCIO RIOS NASCIMENTO & FERREIRA, HUMBERTO BARBOSA

**Influence de la politique monétaire sur le taux long Quelques évidences empiriques, cas du Maroc**

*by*EL FAIZ, Zakaria & ZIANI, Manal

**Recalibrarea sistemului bancar european in contextul noilor cerinte si realitati**

*by*Danila, Marius

**Implicatii ale plasarii dobanzilor in zona negativa**

*by*Danila, Marius

**Yield Curve for Japanese Agency Bonds: From 2002 to the Present**

*by*Hattori, Takahiro & Miyake, Hiroki

**The Strategic Determination of the Supply of Liquid Assets**

*by*Geromichalos, Athanasios & Herrenbrueck, Lucas

**The shadow rate as a predictor of real activity and inflation: Evidence from a data-rich environment**

*by*Hännikäinen, Jari

**Effectiveness of Monetary Policy: Evidence from Turkey**

*by*Avci, S. Burcu & Yucel, Eray

**Inflation is Always and Everywhere an Interest-Rate Phenomenon**

*by*Belanger, Gilles

**When does the yield curve contain predictive power? Evidence from a data-rich environment**

*by*Hännikäinen, Jari

**Public spending, monetary policy and growth: Evidence from EU countries**

*by*Papaioannou, Sotiris

**Did the global financial crisis alter equilibrium adjustment dynamics between the US Fed rates and stock price volatility in the SSA region?**

*by*Phiri, Andrew

**The Japan Municipal Bond Yield Curve: 2002 to the Present**

*by*Hattori, Takahiro & Miyake, Hiroki

**Inflation expectations derived from a portfolio model**

*by*Covarrubias, Enrique & Hernández-del-Valle, Gerardo

**Is there a crowding-out effect in the Moroccan context ? Evidence from structural VAR Analysis**

*by*BOUNADER, Lahcen

**Effect of interest rate on bank deposits: evidences from Islamic and non-Islamic economies**

*by*Mushtaq, Saba & Siddiqui, Danish Ahmed

**Три Варианта Экономической Политики Для России**

*by*BLINOV, Sergey

**The Evasive Predictive Ability of Core Inflation**

*by*Pincheira, Pablo & Selaive, Jorge & Nolazco, Jose Luis

**Estimating the Taylor Rule in the Time-Frequency Domain**

*by*Luís Aguiar-Conraria & Manuel M. F. Martins & Maria Joana Soares

**Macro Risks and the Term Structure of Interest Rates**

*by*Geert Bekaert & Eric Engstrom & Andrey Ermolov

**Monetary Policy and the Stock Market: Time-Series Evidence**

*by*Andreas Neuhierl & Michael Weber

**Forward Guidance without Common Knowledge**

*by*George-Marios Angeletos & Chen Lian

**Cash Flow Duration and the Term Structure of Equity Returns**

*by*Michael Weber

**Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data**

*by*Julio Garín & Robert Lester & Eric Sims

**A Model of the International Monetary System**

*by*Emmanuel Farhi & Matteo Maggiori

**Bernanke's No-arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?**

*by*Gauti B. Eggertsson & Kevin Proulx

**Understanding the Decline in the Safe Real Interest Rate**

*by*Robert E. Hall

**Bond Risk Premia in Consumption-based Models**

*by*Drew D. Creal & Jing Cynthia Wu

**Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model**

*by*Julio Garín & Robert Lester & Eric Sims

**The Term Structure of Interest Rates in India**

*by*Rajnish Mehra & Arunima Sinha

**Japanization: Is it Endemic or Epidemic?**

*by*Takatoshi Ito

**The nonlinear nature of country risk and its implications for DSGE models**

*by*Michał Brzoza-Brzezina & Jacek Kotlowski

**Interest rate pass-through in Poland since the global financial crisis**

*by*Mariusz Kapuściński & Ewa Stanisławska

**The role of bank balance sheets in monetary policy transmission. Evidence from Poland**

*by*Mariusz Kapuściński

**Do long term interest rates drive GDP and inflation in small open economies? Evidence from Poland**

*by*Grzegorz Wesołowski

**Do inflation expectations matter in a stylised New Keynesian model? The case of Poland**

*by*Tomasz Łyziak

**Why may large economies suffer more at the zero lower bound?**

*by*Michał Brzoza-Brzezina

**Forward Guidance, Quantitative Easing, or both?**

*by*Ferre De Graeve & Konstantinos Theodoridis

**Interest Rates Rules**

*by*Ceri Davies & Max Gillman & Michal Kejak

**The Eurozone deposit rates' puzzle: choosing the right benchmark**

*by*Julien Pinter & Charles Boissel

**A European Disease? Non-tradable inflation and real interest rate divergence**

*by*Sophie Piton

**Empirical Estimation of Intraday Yield Curves on the Italian Interbank Credit Market e-MID**

*by*Anastasios Demertzidis & Vahidin Jeleskovic

**Intraday volatility, trading volume and trading intensity in the interbank market e-MID**

*by*Markus Engler & Vahidin Jeleskovic

**A Term Structure of Interest Rates Model with Zero Lower Bound and the European Central Bank's Non-standard Monetary Policy Measures**

*by*Viktors Ajevskis

**The Empirics of Long-Term US Interest Rates**

*by*Tanweer Akram & Huiqing Li

**Japan's Liquidity Trap**

*by*Tanweer Akram

**Foreign Official Holdings of U.S Treasuries, Stock Effect and the Economy: A DSGE Approach**

*by*John Nana Francois

**Regional Banking Instability and FOMC Voting**

*by*Stefan Eichler & T. Lähner & Felix Noth

**Governed by the Cycle: Direct and Inverted Interest-Rate Sensitivity of Emerging Market Corporate Debt**

*by*Mariya Gubareva & Maria Rosa Borges

**Interest Rate (In)sensitivity of Emerging Market Corporate Debt: Economic Analysis based on 2002-2015 Empirical Evidence**

*by*Mariya Gubareva & Maria Rosa Borges

**Is the supply of long-term debt independent of the term premia? Evidence from Portugal**

*by*António Afonso, & Manish K. Singh

**Revisiting Sovereign Bond Spreads’Determinants in the EMU**

*by*António Afonso, & Manuel Reis

**Stocks or flows? New thinking about monetary transmission through the lending channel**

*by*Javier Villar Burke

**A Portfolio Model of Quantitative Easing**

*by*Jens H. E. Christensen & Signe Krogstrup

**Non-Linearities in the Relationship between House Prices and Interest Rates: Implications for Monetary Policy**

*by*Guay Lim & Sarantis Tsiaplias

**The interest rate effects of government bond purchases away from the lower bound**

*by*De Rezende, Rafael B.

**Fed Liftoff and Subprime Loan Interest Rates: Evidence from the Peer-to-Peer Lending Market**

*by*Bertsch, Christoph & Hull, Isaiah & Zhang, Xin

**Pure Theory of the Federal Funds Rate**

*by*Homburg, Stefan

**An Empirical Assessment of Global Capital Productivity**

*by*Knolle, Julia & Lehmann, Kai

**Political Economics of Fiscal Consolidations and External Sovereign Accidents**

*by*Carolina Achury & Christos Koulovatianos & John Tsoukalas

**Japan's Currency Intervention Regimes: A Microstructural Analysis with Speculation and Sentiment**

*by*Ronald McDonald & Xuxin Mao

**Government Wealth Funds and Monetary Policy**

*by*Sergey Sinelnikov-Murylev & Pavel Trunin

**Russia’s Monetary Policy in 2015**

*by*Bozhechkova Alexandra & Trunin Pavel & Kiyutsevskaya Anna

**The impact of unconventional monetary policy on the sovereign bank nexus within and across EU countries. A time-varying conditional correlation analysis**

*by*Giulio Cifarelli & Giovanna Paladino

**Bankruptcy and Delinquency in a Model of Unsecured Debt**

*by*Athreya, Kartik B. & Sanchez, Juan M. & Tam, Xuan S. & Young, Eric R.

**Term structures of inflation expectations and real interest rates**

*by*Aruoba, S. Boragan

**Excess Reserves and Monetary Policy Implementation**

*by*Armenter, Roc & Lester, Benjamin

**How to escape a liquidity trap with interest rate rules**

*by*Duarte, Fernando M.

**The Equilibrium Term Structure of Equity and Interest Rates**

*by*Doh, Taeyoung & Wu, Shu

**The Term Structure and Inflation Uncertainty**

*by*Breach , Tomas & D'Amico, Stefania & Orphanides, Athanasios

**Measuring Interest Rate Risk in the Life Insurance Sector: The U.S. and the U.K**

*by*Hartley, Daniel & Paulson, Anna L. & Rosen, Richard J.

**Option-Implied Libor Rate Expectations across Currencies**

*by*Nick Gebbia

**The Effect of Monetary Policy on Housing Tenure Choice as an Explanation for the Price Puzzle**

*by*Daniel A. Dias & Joao B. Duarte

**Changes in Prudential Policy Instruments ---- A New Cross-Country Database**

*by*Eugenio Cerutti & Ricardo Correa & Elisabetta Fiorentino & Esther Segalla

**Equilibrium Yield Curves and the Interest Rate Lower Bound**

*by*Taisuke Nakata & Hiroatsu Tanaka

**Effects of Changing Monetary and Regulatory Policy on Overnight Money Markets**

*by*Elizabeth C. Klee & Zeynep Senyuz & Emre Yoldas

**Measuring the Natural Rate of Interest : International Trends and Determinants**

*by*Holston, Kathryn & Laubach, Thomas & Williams, John C.

**Financial Stability and Optimal Interest-Rate Policy**

*by*Andrea Ajello & Thomas Laubach & J. David Lopez-Salido & Taisuke Nakata

**Funding Liquidity Risk and the Cross-section of MBS Returns**

*by*Yuriy Kitsul & Marcelo Ochoa

**A Time Series Model of Interest Rates With the Effective Lower Bound**

*by*Benjamin K. Johannsen & Elmar Mertens

**Real and Nominal Equilibrium Yield Curves: Wage Rigidities and Permanent Shocks**

*by*Alex Hsu & Erica X. N. Li & Francisco J. Palomino

**A Portfolio Model of Quantitative Easing**

*by*Christensen, Jens H. E. & Krogstrup, Signe

**Measuring the natural rate of interest: International trends and determinants**

*by*Holston, Kathryn & Laubach, Thomas & Williams, John C.

**Measuring the effect of the zero lower bound on monetary policy**

*by*Carvalho, Carlos & Hsu, Eric & Nechio, Fernanda

**Forward guidance and the state of the economy**

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

**Are nonlinear methods necessary at the zero lower bound?**

*by*Richter, Alexander & Throckmorton, Nathaniel

**Monetary policy and regional house-price appreciation**

*by*Cooper, Daniel H. & Luengo-Prado, Maria Jose & Olivei, Giovanni P.

**Forecasts of inflation and interest rates in no-arbitrage affine models**

*by*Gospodinov, Nikolay & Wei, Bin

**Affine term structure pricing with bond supply as factors**

*by*Hayashi, Fumio

**The effect of ECB forward guidance on policy expectations**

*by*Paul Hubert & Fabien Labondance

**Central Bank sentiment and policy expectations**

*by*Paul Hubert & Fabien Labondance

**Financial Variables in a Policy Rule: Does It Bring Macroeconomic Benefits?**

*by*Jan Zacek

**A Note on Simple Monetary Policy Rules with Labour Market and Financial Frictions**

*by*Sarunas Girdenas

**Sovereign Debt Issuance and Selective Default**

*by*Paczos, Wojtek; Shakhnov, Kirill

**Covered interest parity: evidence from Russian money market**

*by*Kuga Iakov & Elena Kuzmina

**Financial factors and monetary policy: Determinacy and learnability of equilibrium**

*by*Paul Kitney

**Media Coverage and ECB Policy-Making: Evidence from a New Index**

*by*Hamza Bennani

**Interest margins and bank regulation in Central America and the Caribbean**

*by*Anthony Birchwood & Michael Brei & Dorian Noel

**Bank profitability and risk taking in a prolonged environment of low interest rates: a study of interest rate risk in the banking book of Dutch banks**

*by*Raymond Chaudron

**Ambiguity and Time-Varying Risk Aversion in Sovereign Debt Markets**

*by*Christoph Große Steffen & Maximilian Podstawski

**Optimal Debt Management in a Liquidity Trap**

*by*Hafedh BOUAKEZ & Rigas OIKONOMOU & Romanos PRIFTIS

**Eurozone Debt Crisis and Bond Yields Convergence: Evidence from the New EU Countries**

*by*Minoas Koukouritakis

**The Effect of ECB Forward Guidance on Policy Expectations**

*by*Paul Hubert & Fabien Labondance

**Central Bank Sentiment and Policy Expectations**

*by*Paul Hubert & Fabien Labondance

**The Term Structure and Inflation Uncertainty**

*by*Breach, Tomas & D'Amico, Stefania & Orphanides, Athanasios

**QE: the story so far**

*by*Haldane, Andrew & Roberts-Sklar, Matt & Wieladek, Tomasz & Young, Chris

**A Macrofinance View of U.S. Sovereign CDS Premiums**

*by*Chernov, Mikhail & Schmid, Lukas & Schneider, Andres

**Expectations, Stagnation and Fiscal Policy**

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

**A Demand Theory of the Price Level**

*by*Hagedorn, Marcus

**Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations**

*by*Taylor, John B. & Wieland, Volker

**Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States**

*by*DellAriccia, Giovanni & Laeven, Luc & Suarez, Gustavo

**Union Debt Management**

*by*Equiza-Goni, Juan & Faraglia, Elisa & Oikonomou, Rigas

**Forward guidance and "lower for longer": The case of the ECB**

*by*Bletzinger, Tilman & Wieland, Volker

**Stagnation Traps**

*by*Benigno, Gianluca & Fornaro, Luca

**International Transmissions of Monetary Shocks**

*by*Han, Xuehui & Wei, Shang-Jin

**Efectos de los cambios de la tasa de interés de Estados Unidos sobre Colombia, Perú y Chile**

*by*Carlos Fernando Daza Moreno & Jorge Mario Uribe

**Monetary Transmission: Are Emerging Market and Low-Income Countries Different?**

*by*Ales Bulir & Jan Vlcek

**Funding Liquidity, Market Liquidity and the Cross-Section of Stock Returns**

*by*Jean-Sébastien Fontaine & René Garcia & Sermin Gungor

**A European Disease? Non-tradable inflation and real interest rate divergence**

*by*Sophie Piton

**Monetary Policy Transmission in an Open Economy: New Data and Evidence from the United Kingdom**

*by*Ambrogio Cesa-Bianchi & Gregory Thwaites & Alejandro Vicondoa

**Monetary Policy and the Stock Market: Time-Series Evidence**

*by*Andreas Neuhierl & Michael Weber

**Cash Flow Duration and the Term Structure of Equity Returns**

*by*Michael Weber

**Quantitative Easing: The Challenge for Households Long-term Savings and Financial Security**

*by*Christian Thimann

**Secular Stagnation: Insights from a New Keynesian Model with Hysteresis Effects**

*by*Bas van Aarle

**Stagnation Traps**

*by*Gianluca Benigno & Luca Fornaro

**Putting Money to Work: Monetary Policy in a Low Interest Rate Environment**

*by*Steve Ambler

**The Strategic Determination of the Supply of Liquid Assets**

*by*Athanasios Geromichalos & Lucas Herrenbrueck

**Expectations, stagnation and fiscal policy**

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

**A shadow rate model with time-varying lower bound of interest rates**

*by*Kortela, Tomi

**A monetary policy rule for Russia, or is it rules?**

*by*Korhonen, Iikka & Nuutilainen, Riikka

**Deflation probability and the scope for monetary loosening in the United Kingdom**

*by*Haberis, Alex & Masolo, Riccardo & Reinold, Kate

**QE: The Story so far**

*by*Haldane, Andrew & Roberts-Sklar, Matt & Wieladek, Tomasz & Young, Chris

**Monetary policy transmission in an open economy: new data and evidence from the United Kingdom**

*by*Cesa-Bianchi, Ambrogio & Thwaites, Gregory & Vicondoa, Alejandro

**Risk premia and seasonality in commodity futures**

*by*Hevia, Constantino & Petrella, Ivan & Sola, Martin

**Pass-through of bank funding costs to lending and deposit rates: lessons from the financial crisis**

*by*Harimohan, Rashmi & McLeay, Michael & Young, Garry

**Monetary policy and volatility in the sterling money market**

*by*Osborne, Matthew

**A Classical View of the Business Cycle**

*by*Michael T. Belongia & Peter N. Ireland

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

*by*Dongho Song

**Targeting Constant Money Growth at the Zero Lower Bound**

*by*Michael T. Belongia & Peter N. Ireland

**Liquidity Management and Central Bank Strength: Bank of England Operations Reloaded, 1889-1910**

*by*Stefano Ugolini

**Which combination of fiscal and external imbalances to determine the long-run dynamics of sovereign bond yields?**

*by*M. Ben Salem & B. Castelletti-Font

**UK term structure decompositions at the zero lower bound**

*by*A. Carriero & S. Mouabbi & E. Vangelista

**Measuring Financial Fragmentation in the Euro Area Corporate Bond Market**

*by*G. Horny & M. Manganelli & B. Mojon

**Monetary Policy and the Stock Market: Time-Series Evidence**

*by*Michael Weber & Andreas Neuhierl

**Break-Even-Inflation's Decomposition in Mexico**

*by*Aguilar-Argaez Ana María & Elizondo Rocío & Roldán-Peña Jessica

**Non-standard monetary policy, asset prices and macroprudential policy in a monetary union**

*by*Lorenzo Burlon & Andrea Gerali & Alessandro Notarpietro & Massimiliano Pisani

**Self-fulfilling deflations**

*by*Roberto Piazza

**Global macroeconomic effects of exiting from unconventional monetary policy**

*by*Pietro Cova & Patrizio Pagano & Massimiliano Pisani

**Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation**

*by*Lorenzo Burlon & Andrea Gerali & Alessandro Notarpietro & Massimiliano Pisani

**Structural transformation, services deepening, and the transmission of monetary policy**

*by*Alessandro Galesi & Omar Rachedi

**Modelling interest payments for macroeconomic assessment**

*by*Celestino Girón & Marta Morano & Enrique M. Quilis & Daniel Santabárbara & Carlos Torregrosa

**What Fed Funds Futures Tell Us About Monetary Policy Uncertainty**

*by*Jean-Sébastien Fontaine

**The Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies**

*by*Gregory Bauer & Gurnain Pasricha & Rodrigo Sekkel & Yaz Terajima

**Starting from a Blank Page? Semantic Similarity in Central Bank Communication and Market Volatility**

*by*Michael Ehrmann & Jonathan Talmi

**Global Macro Risks in Currency Excess Returns**

*by*Kimberly Berg & Nelson C. Mark

**Analyzing the impact of monetary policy on financial markets in Chile**

*by*Alicia GarcÃa-Herrero & Eric Girardin & Hermann Esteban GonzÃ¡lez

**Has the Grexit news spilled over into euro area financial markets? The role of domestic political leaders, supranational executives and institutions**

*by*Wildmer Daniel Gregori & Wildmer Agnese Sacchi

**Liquidity Trap and Stability of Taylor Rules**

*by*Antoine Le Riche & Francesco Magris & Antoine Parent

**Bond Market Asymmetries across Recessions and Expansions: New Evidence on Risk Premia**

*by*Martin M. Andreasen & Tom Engsted & Stig V. Møller & Magnus Sander

**Plynnosc sektora bankowego a skutecznosc polityki pienieznej Narodowego Banku Polskiego na tle Eurosystemu**

*by*Ilona Pietryka

**A search-theoretic model of the term premium**

*by*Geromichalos, Athanasios & Herrenbrueck, Lucas M. & Salyer, Kevin D.

**Does the central bank directly respond to output and inflation uncertainties in Turkey?**

*by*Pelin Oge Guney

**Systemic interest rate and market risk at US banks**

*by*Ludwig Hausse & Martin Rohleder & Marco Wilkens

**A general HJM framework for multiple yield curve modelling**

*by*Christa Cuchiero & Claudio Fontana & Alessandro Gnoatto

**Financial uncertainty, risk aversion and monetary policy**

*by*Nkwoma John Inekwe

**Forecasting the Yield Curve With Macroeconomic Variables**

*by*Michał Rubaszek

**The effect of Bank competition on the effectiveness of the Interest Rate Channel of Monetary Policy Transmission**

*by*Patrick Mumbi Chileshe & Olusegun Ayodele Akanbi

**Monetary Policy and Manufacturing Capacity Utilization: Further Evidence from Nigeria**

*by*Sunday Osahon Igbinedion & Frank Iyekoretin Ogbeide

**Interest Rates, Fisher Effect And Economic Development In Turkey, 1989-2011**

*by*Selahattin GURIS & Burak GURIS & Turgut UN

**Estimating the Influence of Different Shocks on Macroeconomic Indicators and Developing Conditional Forecasts on the Basis of BVAR Model for the Russian Economy**

*by*Pestova, Anna & Mamonov, Mikhail

**Improving the Predictive Power of Spreads for Economic Activity: A Wavelet Method**

*by*Chang Min LEE & Hahn Shik LEE

**Are We Systematically Wrong when Estimating Potential Output and the Natural Rate of Interest?**

*by*Lucian Croitoru

**An Axiomatic Analysis of the Effects of Interest Rate on the Inflation and Convergence Speed in Achiving to Equilibrium in a Banach Space**

*by*Askari, Seyed Ehsan & Pourkazemi, Mohammad Hossein & Biabani, Jahangir & Dallali Isfahani, Rahim

**Bank Failure Prediction Model for Zimbabwe**

*by*Victor Gumbo & Simba Zoromedza

**Menová politika záporných úrokových sadzieb v eurozóne a Japonsku**

*by*Miroslav Titze

**Udržitelnost dluhového financování státu a její interakce s kvantitativním uvolňováním: případ USA, UK a Japonska v letech 2000-2014**

*by*Jiří Štekláč & Miroslav Titze

**Může být přirozená úroková míra nulová? Neoklasický přístup**

*by*Pavel Potužák

**Euro Dominance Hypothesis and Monetary Policy Independence - the Czech Perspective**

*by*Łukasz Goczek & Dagmara Mycielska

**Fisher and Mises on Zero Interest: A Reconsideration**

*by*Pavel Potužák

**The Czech Crown Money Market as the Source for Pricing Customer Cash Products**

*by*Dušan Staniek

**Federal Reserve Swap Lines - International Lender of the Last Resort**

*by*Miroslav Titze

**The liquidity position of the banking sector is defined as the net financial claim of commercial banks on the central bank. Liquidity surplus occurs when this amount is positive, while liquidity deficit arises when the amount of net claims is negative. This study presents the causes that can lead to liquidity surplus and discusses the impact of the surplus on the monetary transmission mechanism. Similar to other emerging countries, a permanent surplus can be observed in Hungary; thus the paper also provides an overview of the factors behind the evolution of the surplus and the tools applied by the Hungarian National Bank (MNB) to address it. In addition, as customary in the literature, cointegration regression and error correction models are applied to Hungarian data to investigate the pass-through of corporate lending rates and interbank rates and the effect of the liquidity position on the interest rate transmission. Contrary to theoretical expectations, our results suggest that the interbank liquidity surplus tended to increase the lending rates on non-financial firms in the review period (January 2003 – August 2015 and January 2003 – August 2008). On the other hand, the impact on interbank rates is entirely consistent with international experiences and theoretical expectations in that the forint-denominated liquidity surplus pushes down interbank rates**

*by*János Zoltán Varga

**The development of bank profitability in Denmark, Sweden and Switzerland during a period of ultra-low and negative interest rates**

*by*Thomas Scheiber & Maria Antoinette Silgoner & Carline Stern

**The influence of sovereign bond yields on bank lending rates: the pass-through in Europe**

*by*Markus Eller & Thomas Reininger

**A monetary policy rule for Russia, or is it rules?**

*by*Iikka Korhonen & Riikka Nuutilainen

**Negative Nominal Interest Rates on Loans: The Newly-Established Normal Practice?**

*by*Petar Peshev & Ivaylo Beev

**Real Returns, Interest Income Tax, and Household Saving in Bulgaria**

*by*Dimitar Damyanov

**Is Poland at risk of the zero lower bound?**

*by*Michal Brzoza-Brzezina & Marcin Kolasa & Mateusz Szetela

**Keynes' Theory of the Interest Rate: A Critical Approach**

*by*Katarzyna Appelt

**Demand for money under low interest rates in Japan**

*by*Yutaka Kurihara

**Deterministic Elements of Japanese Stock Prices under Low Interest Rates**

*by*Yutaka Kurihara

**Unconventional Monetary Policy in the Euro Zone**

*by*John Driffill

**Testing the Persistence of the Forward Premium: Structural Changes or Misspecification?**

*by*Tsung-Wu Ho & Wan-Shin Mo

**Does Central Bank Capital Matter for Monetary Policy?**

*by*Gustavo Adler & Pedro Castro & Camilo E. Tovar

**What Drives the Gross Margins of Mortgage Loans? Evidence from Switzerland**

*by*Andreas Dietrich

**A plausible model of yield curve dynamics**

*by*Gideon Magnus

**Shadow short rate and monetary policy in the Euro area**

*by*Milan Damjanović & Igor Masten

**The perils of debt deflation in the Euro area: a multi regime model**

*by*Willi Semmler & Alexander Haider

**POLONIA dynamics during the years 2006–2012 and the effectiveness of the monetary Policy of the National Bank of Poland**

*by*Agata Kliber & Paweł Kliber & Piotr Płuciennik & Małgorzata Piwnicka

**Expectations Hypothesis and Term Structure of Interest Rates: An Evidence from Emerging Market**

*by*Hassan Shareef & Santhakumar Shijin

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

*by*Nathan Porter & TengTeng Xu

**Post-Brexit Britain: Its Relations With The Eu And Its Future In The Framework Of Multilateral Institutions**

*by*Larionova M. & Sakharov A. & Shelepov A.

**Brexit Results: Macroeconomic Risks**

*by*Trunin Pavel & Goryunov Evgeny & Kiyutsevskaya Anna

**The main areas of monetary policy: price stability, resistance to shocks**

*by*Drobyshevsky Sergey & Trunin Pavel & Goryunov Evgeny

**Monitoring of Russia's Economic Outlook**

*by*Drobyshevsky Sergey & Bobylev Yuri & Trunin Pavel & Knobel Alexander & Firanchuk Alexander & Goryunov Evgeny & Deryugin Alexander & Kaukin Andrey & Gurevich Vladimir

**Monitoring of Russia's Economic Outlook**

*by*Bozhechkova Alexandra & Trunin Pavel & Grishina Elena & Knobel Alexander & Firanchuk Alexander & Khromov Mikhail & Burdyak Alexandra & Gurevich Vladimir & Sokolov Ilya

**Online Monitoring of Russia's Economic Outlook**

*by*Drobyshevsky Sergey & Turuntseva Marina & Bozhechkova Alexandra & Trunin Pavel & Knobel Alexander & Firanchuk Alexander & Khromov Mikhail & Averkiev Vladimir & Shishkina Ekaterina & Uzun Vasily & Florinskaya Yulia & Mkrtchian N. & Shagaida Natalia

**Online Monitoring of Russia's Economic Outlook**

*by*Alexandra Bozhechkova & Alexander Knobel & Sergey Tsukhlo & Elena Grishina & Pavel Trunin & Alexander Firanchuk & Olga Berezinskaya

**Monitoring of Russia's Economic Outlook**

*by*Drobyshevsky Sergey & Bobylev Yuri & Trunin Pavel & Knobel Alexander & Firanchuk Alexander & Goryunov Evgeny & Deryugin Alexander & Kaukin Andrey & Gurevich Vladimir

**Monitoring of Russia's Economic Outlook**

*by*Bozhechkova Alexandra & Trunin Pavel & Grishina Elena & Knobel Alexander & Firanchuk Alexander & Khromov Mikhail & Burdyak Alexandra & Gurevich Vladimir & Sokolov Ilya

**Online Monitoring of Russia's Economic Outlook**

*by*Drobyshevsky Sergey & Turuntseva Marina & Bozhechkova Alexandra & Trunin Pavel & Knobel Alexander & Firanchuk Alexander & Averkiev Vladimir & Shishkina Ekaterina & Florinskaya Yulia & Mkrtchian N. & Shagaida Natalia

**Measuring the Stance of Monetary Policy on and off the Zero Lower Bound**

*by*Doh, Taeyoung & Choi, Jason

**Monetary Policy at the Zero Lower Bound: Revelations from the FOMC's Summary of Economic Projections**

*by*Kahn, George A. & Palmer, Andrew

**Applications of an IS-MP Model with Yield Curve**

*by*X. Henry Wang & Bill Z. Yang

**Financial crises and estimation bias in international bond markets**

*by*Juneja, Januj A.

**The international transmission of risk: Causal relations among developed and emerging countries’ term premia**

*by*Espinosa-Torres, Juan Andrés & Gomez-Gonzalez, Jose Eduardo & Melo-Velandia, Luis Fernando & Moreno-Gutiérrez, José Fernando

**Bank loan terms and conditions: Is there a macro effect?**

*by*Anagnostopoulou, Seraina C. & Drakos, Konstantinos

**An empirical application of the EVA® framework to business cycles**

*by*Cachanosky, Nicolás & Lewin, Peter

**Optimal allocation of government bond funds through the business cycle. Is money smart?**

*by*Laborda, Ricardo & Muñoz, Fernando

**A representative agent asset pricing model with heterogeneous beliefs and recursive utility**

*by*Suzuki, Masataka

**Time-varying mark-up and the ECB monetary policy transmission in a highly non linear framework**

*by*Cifarelli, Giulio & Paladino, Giovanna

**Do stock returns provide a good hedge against inflation? An empirical assessment using Turkish data during periods of structural change**

*by*Aktürk, Halit

**A macro-finance term structure model with multivariate stochastic volatility**

*by*Laurini, Márcio P. & Caldeira, João F.

**Inflation forecasts extracted from nominal and real yield curves**

*by*Geyer, Alois & Hanke, Michael & Weissensteiner, Alex

**Gamma discounters are short-termist**

*by*Gollier, Christian

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

*by*Löchel, H. & Packham, N. & Walisch, F.

**The term structure of interest rates in an estimated New Keynesian policy model**

*by*Buncic, Daniel & Lentner, Philipp

**Government debt maturity and debt dynamics in euro area countries**

*by*Equiza-Goñi, Juan

**Macroeconomic news and the real interest rates at the zero lower bound**

*by*Zhang, Ji

**The impact of the ECB's conventional and unconventional monetary policies on stock markets**

*by*Haitsma, Reinder & Unalmis, Deren & de Haan, Jakob

**Sovereign debt spread and default in a model with self-fulfilling prophecies and asymmetric information**

*by*Blot, Christophe & Ducoudré, Bruno & Timbeau, Xavier

**Monetary policy uncertainty and investor expectations**

*by*Sinha, Arunima

**A wedge in the dual mandate: Monetary policy and long-term unemployment**

*by*Rudebusch, Glenn D. & Williams, John C.

**The effectiveness of the ECB's asset purchase programs of 2009 to 2012**

*by*Gibson, Heather D. & Hall, Stephen G. & Tavlas, George S.

**Loan interest rate pass-through and changes after the financial crisis: Japan’s evidence**

*by*Kitamura, Tomiyuki & Muto, Ichiro & Takei, Ikuo

**Japanese repo and call markets before, during, and emerging from the financial crisis**

*by*Fukunaga, Ichiro & Kato, Naoya

**The interest rate pass-through in the euro area during the sovereign debt crisis**

*by*von Borstel, Julia & Eickmeier, Sandra & Krippner, Leo

**Financial crisis, US unconventional monetary policy and international spillovers**

*by*Chen, Qianying & Filardo, Andrew & He, Dong & Zhu, Feng

**What is the effect of unconventional monetary policy on bank performance?**

*by*Mamatzakis, Emmanuel & Bermpei, Theodora

**Can credit spreads help predict a yield curve?**

*by*Abdymomunov, Azamat & Kang, Kyu Ho & Kim, Ki Jeong

**Foreign capital inflows to the USA and mortgage interest rates**

*by*Ayanou, Tilahun

**Monetary policy regimes and the forward bias for foreign exchange**

*by*Lafuente, Juan A. & Pérez, Rafaela & Ruiz, Jesús

**Credit and liquidity in interbank rates: A quadratic approach**

*by*Dubecq, Simon & Monfort, Alain & Renne, Jean-Paul & Roussellet, Guillaume

**Evaluating the robustness of UK term structure decompositions using linear regression methods**

*by*Malik, Sheheryar & Meldrum, Andrew

**Credit spread variability in the U.S. business cycle: The Great Moderation versus the Great Recession**

*by*Hollander, Hylton & Liu, Guangling

**The informational content of the embedded deflation option in TIPS**

*by*Grishchenko, Olesya V. & Vanden, Joel M. & Zhang, Jianing

**Determinants of commercial bank retail interest rate adjustments: Evidence from a panel data model**

*by*Perera, Anil & Wickramanayake, J.

**Evidence on the functional form of inflation and output growth variability relationship in European economies**

*by*Khan, Muhammad

**Volatility in the federal funds market and money market spreads during the financial crisis**

*by*Carpenter, Seth B. & Demiralp, Selva & Senyuz, Zeynep

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

*by*Baum, Christopher F. & Schäfer, Dorothea & Stephan, Andreas

**Interest parity, cointegration, and the term structure: Testing in an integrated framework**

*by*Georgoutsos, Dimitris A. & Kouretas, Georgios P.

**Ownership, interest rates and bank risk-taking in Central and Eastern European countries**

*by*Drakos, Anastassios A. & Kouretas, Georgios P. & Tsoumas, Chris

**Overnight interbank markets and the determination of the interbank rate: A selective survey**

*by*Green, Christopher & Bai, Ye & Murinde, Victor & Ngoka, Kethi & Maana, Isaya & Tiriongo, Samuel

**The effect of political communication on European financial markets during the sovereign debt crisis**

*by*Conrad, Christian & Zumbach, Klaus Ulrich

**Dynamics of interest and inflation rates**

*by*Anari, Ali & Kolari, James

**Stochastic correlation and risk premia in term structure models**

*by*Chiarella, Carl & Hsiao, Chih-Ying & Tô, Thuy-Duong

**The economic value of predicting bond risk premia**

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

**Bond portfolio optimization using dynamic factor models**

*by*Caldeira, João F. & Moura, Guilherme V. & Santos, André A.P.

**Investigating United Kingdom's monetary policy with Macro-Factor Augmented Dynamic Nelson–Siegel models**

*by*Levant, Jared & Ma, Jun

**Risk and return of short-duration equity investments**

*by*Cejnek, Georg & Randl, Otto

**Linkages in the term structure of interest rates across sovereign bond markets**

*by*Sowmya, Subramaniam & Prasanna, Krishna & Bhaduri, Saumitra

**Sovereign risk, interbank freezes, and aggregate fluctuations**

*by*Engler, Philipp & Große Steffen, Christoph

**Determinants of loan interest rates in a country with a currency board: Evidence from Bulgaria**

*by*Mihaylov, Mihail

**Retail bank interest rate pass-through in the euro area: An empirical survey**

*by*Andries, Natalia & Billon, Steve

**Is Rotemberg pricing justified by macro data?**

*by*Richter, Alexander W. & Throckmorton, Nathaniel A.

**Is inflation persistence different in reality?**

*by*Antonakakis, Nikolaos & Cunado, Juncal & Gil-Alana, Luis A. & Gupta, Rangan

**The Eurozone deposit rates’ puzzle: Choosing the right benchmark**

*by*Pinter, Julien & Boissel, Charles

**FOMC forecasts and monetary policy deliberations**

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

**Around the world with Irving Fisher**

*by*Gylfason, Thorvaldur & Tómasson, Helgi & Zoega, Gylfi

**Desperately seeking cash: Evidence from bank output measurement**

*by*Groslambert, Bertrand & Chiappini, Raphaël & Bruno, Olivier

**Estimating the Indian natural interest rate: A semi-structural approach**

*by*Goyal, Ashima & Arora, Sanchit

**Self-fulfilling deflations**

*by*Piazza, Roberto

**Changes in Federal Reserve preferences**

*by*Lakdawala, Aeimit

**The Response of Bank of Indonesia’s Interest Rates to the Prices of World Crude Oil and Foreign Interest Rates**

*by*Pasrun Adam

**Modelling the Determinants of Malaysian Household Debt**

*by*Hafizah Hammad Ahmad Khan & Hussin Abdullah & Shamzaeffa Samsudin

**Monetary Policy Response to Exchange Rates: An Empirical Investigation**

*by*Mete Han Yagmur

**Systematic and Unsystematic Risk Determinants of Liquidity Risk Between Islamic and Conventional Banks**

*by*Waeibrorheem Waemustafa & Suriani Sukri

**The Effect of Credit and Market Risk on Bank Performance: Evidence from Turkey**

*by*Aykut Ekinci

**Gulf Cooperation Council Stock Returns and the Effect of Domestic Monetary Policy Shocks**

*by*Rashid Sbia & Rashid Sbia & Helmi Hamdi & Bedri Kamil Onur Tas & Sahel Al Rousan

**The Responsiveness of Hong Kong Private Residential Housing Prices**

*by*Kwok-Chiu Lam

**Risiken der Niedrigzinspolitik für die Finanzstabilität im Euroraum**

*by*Marco Bargel

**Das gegenwärtige Niedrigzinsumfeld aus Sicht der Sparkassen**

*by*Michael Wolgast

**Lassen sich aus den Ursachen des Niedrigzinsumfeldes Wege für eine Zinswende ableiten?**

*by*Markus Demary

**Boom oder Blase? Einschätzungen von Preisentwicklungen auf Immobilienmärkten am Beispiel Berlins**

*by*Thomas Lehmann

**The central bank as shaper and observer of events: The case of the yield spread**

*by*Anna Florio

**Divergence des prix relatifs : une maladie européenne ?**

*by*Sophie Piton

**Evidence on the functional form of inflation and output growth variability relationship in European economies**

*by*Muhammad Khan

**Ursachen und Folgen der Niedrigzinsen: Enteignung der Sparer?**

*by*Gunther Schnabl & Georg Fahrenschon & Markus Demary & Judith Niehues & Olaf Stotz & Hans-Peter Burghof

**La faiblesse des taux d’intérêt à long terme : un phénomène mondial**

*by*Jhuvesh Sobrun & Philip Turner

**Les activités de shadow banking dans un contexte de bas taux d’intérêt : une perspective de flux financiers**

*by*Günter W. Beck & Hans-Helmut Kotz

**Comment gérer l’épargne en régime de taux très bas ?**

*by*Jean-François Boulier

**L’assouplissement quantitatif : un défi pour l’épargne à long terme et la sécurité financière des ménages**

*by*Christian Thimann

**Taux négatif : arme de poing ou signal de détresse ?**

*by*Jézabel Couppey-Soubeyran

**Trois changements « sismiques » dans l’économie mondiale et leurs enjeux de politique économique**

*by*Kiyohiko G. Nishimura

**La politique macroprudentielle : un ouvrage en cours pour les banques centrales**

*by*Jaime Caruana & Ilhyock Shim

**Les mesures de politique monétaire non conventionnelles et leur impact sur les marchés**

*by*Marco Leppin & Joachim Nagel

**La politique monétaire en période d’incertitudes**

*by*John Hutchinson & Peter Praet

**Les taux d’intérêt en France : une perspective historique**

*by*Vivien Levy-Garboua & Eric Monnet

**Réflexions sur la borne zéro des taux d’intérêt en liaison avec la stabilité monétaire et financière**

*by*Christian Noyer

**The Informational Content of Trades on Foreign Exchange Futures: an Application to the Brazilian Market**

*by*Vanessa Neumann Sulzbach & João Mergulhão & Pedro L. Valls Pereira

**Monetary Transmission Mechanism Of Interest Rates In Romania**

*by*Alina Georgeta, AILINCA

**Survey measures of inflation expectations in Poland: are they relevant from the macroeconomic perspective?**

*by*Tomasz Å yziak

**Crédits à l’habitat : taux d’intérêt, durée des crédits et profil des emprunteurs**

*by*BURDEAU, E. & POTIER, L.

**Stock Market Volatility: Does Our Fundamentals Matter?**

*by*Babajide Abiola Ayopo & Lawal Adedoyin Isola & Somoye Russel Olukayode

**Sovereign Default Risk and Uncertainty Premia**

*by*Demian Pouzo & Ignacio Presno

**The Exchange Rate Response to Monetary Policy Innovations**

*by*Viktoria Hnatkovska & Amartya Lahiri & Carlos A. Vegh

**Interest Rates and Equity Extraction during the Housing Boom**

*by*Neil Bhutta & Benjamin J. Keys

**Capital Flows: Expansionary or Contractionary?**

*by*Olivier Blanchard & Jonathan D. Ostry & Atish R. Ghosh & Marcos Chamon

**What Makes US Government Bonds Safe Assets?**

*by*Zhiguo He & Arvind Krishnamurthy & Konstantin Milbradt

**Safe Asset Scarcity and Aggregate Demand**

*by*Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas

**Secular Stagnation in the Open Economy**

*by*Gauti B. Eggertsson & Neil R. Mehrotra & Lawrence H. Summers

**On the Optimal Inflation Rate**

*by*Markus K. Brunnermeier & Yuliy Sannikov

**Monetary Policy, Financial Stability, and the Zero Lower Bound**

*by*Stanley Fischer

**Liquidity Trap and Excessive Leverage**

*by*Anton Korinek & Alp Simsek

**University Differences in the Graduation of Minorities in STEM Fields: Evidence from California**

*by*Peter Arcidiacono & Esteban M. Aucejo & V. Joseph Hotz

**Exchange Rates, Interest Rates, and the Risk Premium**

*by*Charles Engel

**Are Sticky Prices Costly? Evidence from the Stock Market**

*by*Yuriy Gorodnichenko & Michael Weber

**Regional Redistribution through the US Mortgage Market**

*by*Erik Hurst & Benjamin J. Keys & Amit Seru & Joseph Vavra

**The Role of Oil Prices in the Forecasts of South African Interest Rates: A Bayesian Approach**

*by*Rangan Gupta & Kevin Kotze

**How Independent are the South African Reserve Bank’s Monetary Policy Decisions? Evidence from a Global New-Keynesian DSGE Model**

*by*Annari De Waal & Rangan Gupta & Charl Jooste

**An interest rate rule to uniquely implement the optimal equilibrium in a liquidity trap**

*by*Duarte, Fernando M. & Zabai, Anna

**Monetary Policy of Bank of Russia: Strategy and Tactics**

*by*E. Goryunov & S. Drobyshevsky & P. Trunin.

**The perils of debt deflation in the euro area: A multi regime model**

*by*Semmler, Willi & Haider, Alexander

**Banks Net Interest Margin and the Level of Interest Rates**

*by*Busch, Ramona & Memmel, Christoph

**A Shadow-Rate Term Structure Model for the Euro Area**

*by*Lemke, Wolfgang & Vladu, Andreea

**The interest rate pass-through in the euro area during the sovereign debt crisis**

*by*von Borstel, Julia & Eickmeier, Sandra & Krippner, Leo

**Quantitative Easing and Tapering Uncertainty: Evidence from Twitter**

*by*Tillmann, Peter & Meinusch, Annette

**Monetary policy under the microscope: Intra-bank transmission of asset purchase programs of the ECB**

*by*Cycon, Lisa & Koetter, Michael

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

*by*Trebesch, Christoph & Zettelmeyer, Jeromin

**Real effects of sovereign bond market spillovers in the euro area**

*by*Gadatsch, Niklas

**Die Auswirkungen von Niedrigzinsen und unkonventionellen geldpolitischen Maßnahmen auf die Vermögensverteilung**

*by*Demary, Markus & Niehues, Judith

**Monetary Policy under the Microscope: Intra-bank Transmission of Asset Purchase Programs of the ECB**

*by*Cycon, Lisa & Koetter, Michael

**Euro money market trading during times of crisis**

*by*Fecht, Falko & Reitz, Stefan

**Political economics of external sovereign defaults**

*by*Achury, Carolina & Koulovatianos, Christos & Tsoukalas, John

**The intraday interest rate: What's that?**

*by*Abbassi, Puriya & Fecht, Falko & Tischer, Johannes

**The interest rate pass-through in the euro area during the sovereign debt crisis**

*by*von Borstel, Julia & Eickmeier, Sandra & Krippner, Leo

**The term structure of interest rates and the macroeconomy: Learning about economic dynamics from a FAVAR**

*by*Halberstadt, Arne

**Is Switzerland an interest rate island after all? Time series and non-linear switching regime evidence**

*by*Feld, Lars P. & Köhler, Ekkehard A.

**TIPS Liquidity Premium and Quantitative Easing**

*by*Laura Coroneo

**Collateral Constraints and the Interest Rate**

*by*Donal Smith

**The relevance of international spillovers and asymmetric effects in the Taylor rule**

*by*Joscha Beckmann & Ansgar Belke & Christian Dreger

**Can monetary policy surprise the market?**

*by*Edda Claus, Mardi Dungey

**Convergence in Spanish provinces**

*by*Antonio Montanes & Lorena Olmos & Marcelo Reyes

**Bond Supply and Excess Bond Returns in Zero-Lower Bound and Normal Environments: Evidence from Japan**

*by*Junko Koeda

**Interest Rate Pass-Through and Asymmetries in Retail Deposit and Lending Rates: An Analysis using Data from Colombian Banks**

*by*Mark J. Holmes & Ana Maria Iregui & Jesús Otero

**Stagnation traps**

*by*Gianluca Benigno & Luca Fornaro

**Transmission Channels and Welfare Implications of Unconventional Monetary Easing Policy in Japan**

*by*Hiroshi Ugai

**The banking crisis with interbank market freeze**

*by*Jin Cheng & Meixing Dai & Frédéric Dufourt

**Addicted to Debt: Foreign Purchases of U.S. Treasuries and the Term-Premium**

*by*David Kohn

**TIPS and the VIX: Non-linear Spillovers from Financial Panic to Breakeven Inflation**

*by*Josh R. Stillwagon

**Inflation, Endogenous Market Segmentation and the Term Structure of Interest Rates**

*by*Casper de Vries & Xuedong Wang

**Has the Forecasting Performance of the Federal Reserve’s Greenbooks Changed over Time?**

*by*Ozan Eksi & Cuneyt Orman & Bedri Kamil Onur Tas

**Turkiye icin Finansal Kosullar Endeksi**

*by*Hakan Kara & Pinar Ozlu & Deren Unalmis

**Transmission of Quantitative Easing: The Role of Central Bank Reserves**

*by*Jens H.E. Christensen & Signe Krogstrup

**Quadratic Gaussian Joint Pricing Model for Stocks and Bonds: Theory and Empirical Analysis**

*by*Kentaro Kikuchi

**Does the Fisher Hypothesis Hold in Sweden? An Analysis of Long-Term Interest Rates under the Regime of Inflation Targetingã€€**

*by*Takayasu Ito

**Improving the Predictive Power of Spreads for Economic Activity: Decomposition Methods**

*by*Chang Min Lee & Hahn Shik LEE

**On the Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment**

*by*Bernard Njindan Iyke

**Credit Channel of Monetary Policy Transmission in Russia**

*by*Leontieva, E.A. & Perevyshin, Y.N.

**Comparing the Transmission of Monetary Policy Shocks in Latin America: A Hierarchical Panel VAR**

*by*Pérez, Fernando

**UK Term Structure Decompositions at the Zero Lower Bound**

*by*Andrea Carriero & Sarah Mouabbi & Elisabetta Vangelista

**Cross-Country Co-movement in Long-Term Interest Rates: A DSGE Approach**

*by*Michael Chin & Thomai Filippeli & Konstantinos Theodoridis

**The Hartz Reforms, the German Miracle, and the Reallocation Puzzle**

*by*Anja Bauer & Ian King

**Monetary Policy and Financial Spillovers: Losing Traction?**

*by*Piti Disyatat & Phurichai Rungcharoenkitkul

**Extracting Market Inflation Expectations: A Semi-structural Macro-finance Term Structure Model**

*by*Tosapol Apaitan

**Inflation Expectations and Monetary Policy in Thailand**

*by*Pongsak Luangaram & Yuthana Sethapramote & Chutiorn Tontivanichnon

**Forecasting Output Growth using a DSGE-Based Decomposition of the South African Yield Curve**

*by*Rangan Gupta & Hylton Hollander & Rudi Steinbach

**Evidence of Persistence in U.S. Short and Long-Term Interest Rates Using Long-Span Monthly and Annual Data**

*by*Luis A. Gil-Alana & Juncal Cunado & Rangan Gupta

**Taylor rule in practice: Evidence from Tunisia**

*by*Chaouech, Olfa

**Bitcoin Mission Statement. Or What does it mean Sharing Economy and Distributed Trust?**

*by*Kosten, Dmitri

**An Economic Theory of Islamic Finance Regulation**

*by*Al-Jarhi, Mabid

**Impacto de política monetaria: una revisión empírica 2000 – 2013**

*by*Anzoategui Zapata, Juan Camilo

**Decomposing Euro Area Sovereign Debt Yields into Inflation Expectations and Expected Real Interest Rates**

*by*Mirdala, Rajmund

**Fisherian Futures Market**

*by*Kim, Minseong

**Effect of interest rate on economic performance: Evidences from Islamic and Non-Islamic Economies**

*by*Mushtaq, Saba & Siddiqui, Danish Ahmed

**On The Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment**

*by*Njindan Iyke, Bernard

**Liquidity Risk and Time-Varying Correlation Between Equity and Currency Returns**

*by*Jung, Kuk Mo

**Monetary Development and Transmission in the Eurosystem**

*by*Anton, Roman

**The Determinants of Interest Rates in Microbanks: Age and Scale**

*by*Nwachukwu, Jacinta & Asongu, Simplice

**Empirical Analysis of Yield Determinants in Japan’s Municipal Bond Market: Does Credit Risk Premium Exist?**

*by*Hattori, Takahiro & Miyake, Hiroki

**Collective Household Economics and the need for funds approach The 2007-2008 financial crisis and its effects**

*by*De Koning, Kees

**Sukuk pricing dynamics - factors influencing yield curve of the Malaysian Sukuk**

*by*Awaludin, Fadhlee & Masih, Mansur

**A New Interpretation of the Mechanism for the Determination of Interest Rate and Its Policy Implications**

*by*Huang, Wenge & Zhang, Jinsong

**The U.S. experience, Free markets in money: a contradiction in terms!**

*by*De Koning, Kees

**Islamic banking: 40 years later, still interest-based? Evidence from Malaysia**

*by*Gulzar, Rosana & Masih, Mansur

**Un modelo Mundell-Fleming con economía ilegal y lavado de dinero**

*by*Slim, Sadri

**The Possible Tragedy of Quantitative Easing: An IS-LM Approach**

*by*Kui-Wai, Li & Bharat R., Hazari

**Term Structure Dynamics, Macro-Finance Factors and Model Uncertainty**

*by*Byrne, Joseph & Cao, Shuo & Korobilis, Dimitris

**The Effects of Conventional and Unconventional Monetary Policy Surprises on Asset Markets in the United States**

*by*Unalmis, Deren & Unalmis, Ibrahim

**Overfunding and underfunding, a main cause of the business cycle?**

*by*De Koning, Kees

**Collaborative Research and Rate of Interests**

*by*Chatterjee, Rittwik & Chattopadhyay, Srobonti

**Semi-strong informational efficiency in the Polish foreign exchange market**

*by*Luksz Goczek

**The Conduct of Monetary Policy in the Future: Instrument Use**

*by*Kei-Ichiro Inaba & Rory O’Farrell & Łukasz Rawdanowicz & Ane Kathrine Christensen

**Regulation and Market Liquidity**

*by*Francesco Trebbi & Kairong Xiao

**The U.S. Debt Restructuring of 1933: Consequences and Lessons**

*by*Sebastian Edwards & Francis A. Longstaff & Alvaro Garcia Marin

**The Choice Channel of Financial Innovation**

*by*Felipe S. Iachan & Plamen T. Nenov & Alp Simsek

**Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis**

*by*Mariana García-Schmidt & Michael Woodford

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

*by*Peter N. Ireland

**The Equilibrium Real Funds Rate: Past, Present and Future**

*by*James D. Hamilton & Ethan S. Harris & Jan Hatzius & Kenneth D. West

**Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing**

*by*Saroj Bhattarai & Gauti B. Eggertsson & Bulat Gafarov

**Banks' Risk Exposures**

*by*Juliane Begenau & Monika Piazzesi & Martin Schneider

**Global Sunspots and Asset Prices in a Monetary Economy**

*by*Roger E.A. Farmer

**Stationarity and persistence of the term premia in the Polish money market**

*by*Michał Markun & Anna Mospan

**FOMC membersâ€™ incentives to disagree: regional motives and background influences**

*by*Hamza Bennani & Etienne Farvaque & Piotr Stanek

**Central bank credibility and the expectations channel: Evidence based on a new credibility index**

*by*Grégory Levieuge & Yannick Lucotte & Sébastien Ringuedé

**Structural and cyclical determinants of bank interest rate pass-through in Eurozone**

*by*Aurélien Leroy & Yannick Lucotte

**Explaining Bond and Equity Premium Puzzles Jointly in a DSGE Model**

*by*Lorant Kaszab & Ales Marsal

**Declining discount rates and the ‘Fisher Effect’: Inflated past, discounted future?**

*by*Mark C. Greeman & Ben Groom & Ekaterini Panopoulou & Theologos Pantelidis

**Forward Guidance at the Zero Lower Bound in a Model of Price-Level Targeting**

*by*Illing, Gerhard & Siemsen, Thomas

**The Malady of Low Global Interest Rates**

*by*Tanweer Akram

**Does Keynesian Theory Explain Indian Government Bond Yields?**

*by*Tanweer Akram & Anupam Das

**The Effectiveness of the ECB’s Asset Purchase Programs of 2009 to 2012**

*by*Heather D. Gibson & Stephen G. Hall & George S. Tavlas

**Housing and Monetary Policy in the Business Cycle: What do Housing Rents have to Say?**

*by*Joao Bernardo Duarte & Daniel A. Dias

**Monetary Policy under the Microscope: Intra-bank Transmission of Asset Purchase Programs of the ECB**

*by*L. Cycon & Michael Koetter

**Unconventional Monetary Policy in the Euro Zone**

*by*John Driffill

**Maturity Structure and Supply Factors in Japanese Government Bond Markets**

*by*Ichiro Fukunaga & Naoya Kato & Junko Koeda

**Federal Reserve Tools for Managing Rates and Reserves**

*by*Antoine Martin & James McAndrews & Ali Palida & David Skeie

**Forward Guidance and Asset Prices**

*by*Yıldız Akkaya & Refet S. Gürkaynak & Burçin Kısacıkoğlu & Jonathan H. Wright

**An Adaptive Approach to Forecasting Three Key Macroeconomic Variables for Transitional China**

*by*Linlin Niu & Xiu Xu & Ying Chen &

**Term-Structure Modelling at the Zero Lower Bound: Implications for Estimating the Term Premium**

*by*Tsz-Kin Chung & Cho-Hoi Hui & Ka-Fai Li

**Does Lack of Financial Stability Impair the Transmission of Monetary Policy?**

*by*Acharya, Viral V. & Imbierowicz, Björn & Steffen, Sascha & Teichmann, Daniel

**Mozambican Monetary Policy and the Yield Curve of Treasury Bills - An Empirical Study**

*by*Machava, Agostinho & Brännäs, Kurt

**Optimal Inflation with Corporate Taxation and Financial Constraints**

*by*Finocchiaro, Daria & Lombardo, Giovanni & Mendicino, Caterina & Weil, Philippe

**Central bank policy paths and market forward rates: A simple model**

*by*De Graeve, Ferre & Iversen, Jens

**Risks in macroeconomic fundamentals and excess bond returns predictability**

*by*De Rezende, Rafael B.

**Cross-Border Asset Holdings and Comovements in Sovereign Bond Markets**

*by*Asgharian, Hossein & Liu, Lu & Larsson, Marcus

**Understanding Benign Liquidity Traps: The Case of Japan**

*by*Homburg, Stefan

**Inconsistent voting behavior in the FOMC**

*by*Lähner, Tom

**Predicting Economic Activity via Eurozone Yield Spreads: Impact of Credit Risk**

*by*Schock, Matthias

**Superneutrality of Money under Open Market Operations**

*by*Homburg, Stefan

**The Mortgage Interest Rates and Cash Rate Cycle Relationship and International Funding Cost: Evidence in the Context of Australia**

*by*Quynh Chau Pham & Benjamin Liu & Eduardo Roca

**Bank Output Calculation in the Case of France: What Do New Methods Tell About the Financial Intermediation Services in the Aftermath of the Crisis?**

*by*Bertrand Groslambert & Raphaël Chiappini & Olivier Bruno

**Co-Movement, Spillovers and Excess Returns in Global Bond Markets?**

*by*Joseph P. Byrne & Shuo Cao & Dimitris Korobilis

**Term Structure Dynamics, Macro-Finance Factors and Model Uncertainty**

*by*Joseph P. Byrne & Shuo Cao. & Dimitris Korobilis.

**Russia’s Monetary and Fiscal Policy in 2014**

*by*Alexandra Bozhechkova & Pavel Trunin & Michael Khromov & Alexander Knobel & Anna Kiyutsevskaya

**Excess reserves and monetary policy normalization**

*by*Armenter, Roc & Lester, Benjamin

**Cheap Talk and the Efficacy of the ECB’s Securities Market Programme: Did Bond Purchases Matter?**

*by*De Pooter, Michiel & Rebecca, DeSimone & Martin, Robert F. & Pruitt, Seth

**The Liquidity Effects of Official Bond Market Intervention**

*by*De Pooter, Michiel & Martin, Robert F. & Pruitt, Seth

**Risk Taking and Low Longer-term Interest Rates: Evidence from the U.S. Syndicated Loan Market**

*by*Aramonte, Sirio & Lee, Seung Jung & Stebunovs, Viktors

**Nominal Rigidities and the Term Structures of Equity and Bond Returns**

*by*Lopez, Pier & Lopez-Salido, J. David & Vazquez-Grande, Francisco

**Monetary Policy 101: A Primer on the Fed's Changing Approach to Policy Implementation**

*by*Ihrig, Jane E. & Meade, Ellen E. & Weinbach, Gretchen C.

**Credit Risk, Liquidity and Lies**

*by*King, Thomas B. & Lewis, Kurt F.

**Unconventional monetary policy and the dollar: conventional signs, unconventional magnitudes**

*by*Glick, Reuven & Leduc, Sylvain

**Robust bond risk premia**

*by*Bauer, Michael D. & Hamilton, James D.

**Resolving the spanning puzzle in macro-finance term structure models**

*by*Bauer, Michael D. & Rudebusch, Glenn D.

**Monetary policy expectations and economic fluctuations at the zero lower bound**

*by*Doehr, Rachel & Martinez-Garcia, Enrique

**Forecasts from Reduced-form Models under the Zero-Lower-Bound Constraint**

*by*Pasaogullari, Mehmet

**Output response to government spending: evidence from new international military spending data**

*by*Sheremirov, Viacheslav & Spirovska, Sandra

**Exchange rates and monetary policy**

*by*Stavrakeva, Vania & Tang, Jenny

**A model of the Twin Ds: optimal default and devaluation**

*by*Na, Seunghoon & Schmitt-Grohe, Stephanie & Uribe, Martin & Yue, Vivian Z.

**Bank Efficiency and Interest Rate Pass-Through: Evidence from Czech Loan Products**

*by*Tomas Havranek & Zuzana Irsova & Jitka Lesanovska

**Foreign Exchange Interventions at the Zero Lower Bound in the Czech Economy: A DSGE Approach**

*by*Simona Malovana

**Yeni Uzlaşı Modelinin Eleştirisi, Post Keynesyen Enflasyon Hedeflemesi ve Para Politikası Kuralları**

*by*Huriye Alkın & Sayım Işık

**Yeni Uzlaşı Modelinin Eleştirisi, Post Keynesyen Enflasyon Hedeflemesi ve Para Politikası Kuralları**

*by*Huriye Alkın & Sayım Işık

**Yeni Uzlaşı Modelinin Eleştirisi, Post Keynesyen Enflasyon Hedeflemesi ve Para Politikası Kuralları**

*by*Huriye Alkın & Sayım Işık

**Combine to compete: improving fiscal forecast accuracy over time**

*by*Laura Carabotta & Peter Claeys

**A comment on Wu and Xia (2015), and the case for two-factor Shadow Short Rates**

*by*Leo Krippner

**Indonesian Macro Policy through Two Crises**

*by*Prayudhi Azwar & Rod Tyers

**The interest rate pass-through in the euro area during the sovereign debt crisis**

*by*Julia von Borstel & Sandra Eickmeier & Leo Krippner

**A structural investigation of the Chinese economy with a hybrid monetary policy rule**

*by*Ran Li & Jiao Wang

**Can monetary policy surprise the market?**

*by*Edda Claus & Mardi Dungey

**Dealing with Debt**

*by*Reinhart, Carmen M. & Reinhart, Vincent & Rogoff, Kenneth

**Systemic Risk in Clearing Houses: Evidence from the European Repo Market**

*by*Thesmar, David & Ors, Evren & Derrien, Francois & Boissel, Charles

**The impact of the ECB's conventional and unconventional monetary policies on stock markets**

*by*Reinder Haitsma & Deren Unalmis & Jakob de Haan

**The role of term structure in an estimated DSGE model with learning**

*by*Pablo Aguilar & Jesús Vázquez

**Forward Guidance in the Yield Curve: Short Rates versus Bond Supply**

*by*Greenwood, Robin & Hanson, Samuel G & Vayanos, Dimitri

**Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis**

*by*García-Schmidt, Mariana & Woodford, Michael

**Optimal Inflation with Corporate Taxation and Financial Constraints**

*by*Finocchiaro, Daria & Lombardo, Giovanni & Mendicino, Caterina & Weil, Philippe

**The supply side of household finance**

*by*Foà, Gabriele & Gambacorta, Leonardo & Guiso, Luigi & Mistrulli, Paolo Emilio

**A Model of the Twin Ds: Optimal Default and Devaluation**

*by*Na, Seunghoon & Schmitt-Grohé, Stephanie & Uribe, Martín & Yue, Vivian

**Does austerity pay off?**

*by*Born, Benjamin & Müller, Gernot & Pfeifer, Johannes

**An Approach About Monetary Policy Risk Balance In Colombia: A Multivariate Analysis Based On Time Series**

*by*Fernando Uscátegui & Mike Woodcock & Carlos Méndez

**Simultaneous Monetary Policies in the Context of the Trilemma: Evidence from the Central Bank of Turkey**

*by*Yasin Kursat Onder & Mauricio Villamizar-Villegas

**The International Transmission of Risk: Causal Relations Among Developed and Emerging Countries’ Term Premia**

*by*Juan Andrés Espinosa-Torres & Jose E. Gomez-Gonzalez & Luis Fernando Melo-Velandia & José Fernando Moreno-Gutiérrez

**Prediciendo decisiones de agentes económicos: ¿Cómo determina el Banco de la República de Colombia la tasa de interés?**

*by*Gustavo Nicolás Páez

**Bank Efficiency and Interest Rate Pass-Through: Evidence from Czech Loan Products**

*by*Tomas Havranek & Zuzana Irsova & Jitka Lesanovska

**Stagnation Traps**

*by*Gianluca Benigno & Luca Fornaro

**Monetary Policy with Ambiguity Averse Agents**

*by*Riccardo M. Masolo & Francesca Monti

**Is Switzerland an Interest Rate Island after all? Time Series and Non-Linear Switching Regime Evidence**

*by*Lars P. Feld & Ekkehard A. Köhler

**Robust Bond Risk Premia**

*by*Michael D. Bauer & James D. Hamilton

**Inflation, Endogenous Market Segmentation and the Term Structure of Interest Rates**

*by*Casper De Vries & Xuedong Wang

**Around the World with Irving Fisher**

*by*Thorvaldur Gylfason & Helgi Tómasson & Gylfi Zoega

**Restrictions on Risk Prices in Dynamic Term Structure Models**

*by*Michael D. Bauer

**Superneutrality of Money under Open Market Operations**

*by*Stefan Homburg

**Resolving the Spanning Puzzle in Macro-Finance Term Structure Models**

*by*Michael D. Bauer & Glenn D. Rudebusch

**Bank Networks: Contagion, Systemic Risk and Prudential Policy**

*by*Inaki Aldasoro & Domenico Delli Gatti & Ester Faia

**Jagged Cliffs and Stumbling Blocks: Interest Rate Pass-through Fragmentation during the Euro Area Crisis**

*by*Holton, Sarah & Rodriguez d’Acri, Costanza

**Fiscal Conditions and Long-term Interest Rates**

*by*Koji Nakamura & Tomoyuki Yagi

**How Do Japanese Banks Set Loan Interest Rates?: Estimating Pass-Through Using Bank-Level Data**

*by*Tomiyuki Kitamura & Ichiro Muto & Ikuo Takei

**The natural yield curve: its concept and measurement**

*by*Kei Imakubo & Haruki Kojima & Jouchi Nakajima

**Estimating inflation risk premia from nominal and real yield curves using a shadow-rate model**

*by*Kei Imakubo & Jouchi Nakajima

**Quantitative and Qualitative Monetary Easing and Long-Term Interest Rates: The Effects through the Stock of "Net Supply" and Maturity Structure of Japanese Government Bonds**

*by*Ichiro Fukunaga & Naoya Kato

**What do negative inflation risk premia tell us?**

*by*Kei Imakubo & Jouchi Nakajima

**The natural yield curve: its concept and developments in Japan**

*by*Kei Imakubo & Haruki Kojima & Jouchi Nakajima

**The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012**

*by*Heather D. Gibson & Stephen G. Hall & George S. Tavlas

**An adaptive approach to forecasting three key macroeconomic variables for transitional China**

*by*Niu, Linlin & Xu, Xiu & Chen, Ying

**A global factor in variance risk premia and local bond pricing**

*by*Kaminska, Iryna & Roberts-Sklar, Matt

**Long-run priors for term structure models**

*by*Meldrum, Andrew & Roberts-Sklar, Matt

**Ambiguity, monetary policy and trend inflation**

*by*Masolo, Riccardo & Monti, Francesca

**Why are real interest rates so low? Secular stagnation and the relative price of investment goods**

*by*Thwaites, Gregory

**The informational content of market-based measures of inflation expectations derived from govenment bonds and inflation swaps in the United Kingdom**

*by*Liu, Zhuoshi & Vangelista, Elisabetta & Kaminska, Iryna & Relleen, Jon

**A heterogeneous agent model for assessing the effects of capital regulation on the interbank money market under a corridor system**

*by*Jackson, Christopher & Noss, Joseph

**Interest rates, debt and intertemporal allocation: evidence from notched mortgage contracts in the United Kingdom**

*by*Best, Michael Carlos & Cloyne, James & Ilzetzki, Ethan & Kleven, Henrik Jacobsen

**A joint affine model of commodity futures and US Treasury yields**

*by*Chin, Michael & Liu, Zhuoshi

**Do contractionary monetary policy shocks expand shadow banking?**

*by*Nelson, Benjamin & Pinter, Gabor & Theodoridis, Konstantinos

**Pricing in the Norwegian interbank market – the effects of liquidity and implicit government support**

*by*Q. Farooq Akram & Casper Christophersen

**News and inflation expectation updates**

*by*Gerardo Licandro & Miguel Mello

**Staying at Zero with Affine Processes: An Application to Term Structure Modelling**

*by*A. Monfort & F. Pegoraro & J.-P. Renne & G. Roussellet

**The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises**

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

**The supply side of household finance**

*by*Gabriele Foà & Leonardo Gambacorta & Luigi Guiso & Paolo Emilio Mistrulli

**Domestic and international macroeconomic effects of the Eurosystem expanded asset purchase programme**

*by*Pietro Cova & Patrizio Pagano & Massimiliano Pisani

**The impact of CCPsï¿½ margin policies on Repo markets**

*by*Arianna Miglietta & Cristina Picillo & Mario Pietrunti

**Understanding policy rates at the zero lower bound: insights from a Bayesian shadow rate model**

*by*Marcello Pericoli & Marco Taboga

**Inflation, financial conditions and non-standard monetary policy in a monetary union. A model-based evaluation**

*by*Lorenzo Burlon & Andrea Gerali & Alessandro Notarpietro & Massimiliano Pisani

**Disagreement about inflation and the yield curve**

*by*Paul Ehling & Michael Gallmeyer & Christian Heyerdahl-Larsen & Philipp Illeditsch

**Long-lasting consequences of the European crisis**

*by*Juan F. Jimeno

**Simulation of the term structure. An application for measuring the interest rate risk**

*by*Mirta González & María Cecilia Pérez

**Testing for the Diffusion Matrix in a Continuous-Time Markov Process Model with Applications to the Term Structure of Interest Rates**

*by*Fuchun Li

**Funding Liquidity, Market Liquidity and the Cross-Section of Stock Returns**

*by*Jean-Sébastien Fontaine & René Garcia & Sermin Gungor

**Forward Guidance at the Effective Lower Bound: International Experience**

*by*Karyne B. Charbonneau & Lori Rennison

**Mexicoâ€™s monetary policy communication and money markets**

*by*Alicia Garcia-Herrero & Eric Girardin & Arnoldo Lopez Marmolejo

**Follow what I do and also what I say: monetary policy impact on Brazilâ€™s financial markets**

*by*Alicia Garcia-Herrero & Eric Girardin & Enestor Dos Santos

**Determinantes del tipo de interes del credito a empresas en la Eurozona**

*by*Jose Felix Izquierdo & Santiago Fernandez de Lis & Ana Rubio

**Understanding the dichotomy of financial development: credit deepening versus credit excess**

*by*Alfonso Ugarte Ruiz

**Effects of U.S. Quantitative Easing on Latin American Economies**

*by*César Carrera & Fernando Pérez Forero & Nelson Ramírez-Rondán

**The Determinants of Interest Rates in Microbanks: Age and Scale**

*by*Jacinta C. Nwachukwu & Simplice Asongu

**Forward Guidance and the State of the Economy**

*by*Benjamin D. Keen & Alexander W. Richter & Nathaniel A. Throckmorton

**Expected Business Conditions and Bond Risk Premia**

*by*Jonas Nygaard Eriksen

**Comparing the Transmission of Monetary Policy Shocks in Latin America: A Hierachical Panel VAR**

*by*Fernando José Pérez Forero

**Comparación de la transmisióon de choques de política monetaria en América Latina: Un panel VAR jerárquico**

*by*Fernando José Pérez Forero

**Turkiye icin Finansal Kosullar Endeksi**

*by*Hakan Kara & Pinar Ozlu & Deren Unalmis

**The phenomenon of excessive procyclicality of the financial sector from the perspective of macroprudential policy – sources, methods of reduction and their basic limitations (Zjawisko nadmiernej procyklicznosci sektora finansowego z perspektywy polityki makroostroznosciowej – zrodla, metody ograniczania i ich rudymentarne slabosci)**

*by*Malgorzata Olszak

**Negative Interest Rate Policy as Conventional Monetary Policy**

*by*Miles S. Kimball

**The effect of the transfer of interest rates in Russia in 2010-2014**

*by*Perevyshin, Yuri & Perevyshina, Elena

**The Expectations Hypothesis of the Term Structure in Emerging Financial Markets: Some Evidence from Malaysia (1999-2015) - La struttura a termine dei tassi di interesse nei paesi emergenti: alcune evidenze empiriche nel caso della Malaysia (1999-2015)**

*by*Tronzano, Marco

**The Expectations Hypothesis of the Term Structure: Further Empirical Evidence for India (1996-2013) - La struttura a termine dei tassi di interesse: ulteriore evidenza empirica per l’India (1996-2013)**

*by*Tronzano, Marco

**The Term Structure of Interest Rates in India: Evidence from the Post-Liberalization Period (1996-2013). -La struttura a termine dei tassi di interesse in India: una analisi empirica sul recente periodo di liberalizzazione dei mercati finanziari (1996-2013)**

*by*Tronzano, Marco

**Unemployment Benefit Extension at the Zero Lower Bound**

*by*Julien Albertini & Arthur Poirier

**Revisiting the Tale of Two Interest Rates with Endogenous Market Segmentation**

*by*Aubhik Khan & Julia Thomas

**Macroeconomic effects of high interest rate policy: Mexico’s experience**

*by*Julio Lopez Gallardo, Roberto Valencia Arriaga

**Netradičná menová politika a kvantitatívne uvolňovanie Centrálnej banky Japonska v rokoch 2001-2006**

*by*Miroslav Titze

**Rakouská teorie hospodářského cyklu: VAR analýza pro USA v letech 1978-2013**

*by*Martin Komrska

**Implications of ultra-low interest rates for financial institutions’ asset liability management – a policy-oriented overview**

*by*Christian Beer & Ernest Gnan

**Why implicit bank debt guarantees matter: Some empirical evidence**

*by*Oliver Denk & Sebastian Schich & Boris Cournède

**Is Quantitative Easing An Appropriate Way For The Success Of Monetary Policy In A Post-Crisis Period?**

*by*PETRE PRISECARU

**Comparable Analysis Regarding Key Macroeconomic Indicators On Moldova’S Way Towards European Integration**

*by*Valentina GANCIUCOV & Alina CEBAN

**On the Resource Curse and its Effect on Tactics and Strategy of Economic Development**

*by*Nekipelov, A.

**Decomposition of the dynamics of sovereign yield spreads in the euro area**

*by*B. De Backer

**Decomposition of the dynamics of sovereign yield spreads in the euro area**

*by*B. De Backer

**La reserva federal, la crisis y la política monetaria no convencional**

*by*Ignacio Perrotini Hernández

**Possible explanations of the low inflation environment and restrained investment activity**

*by*Orsolya Csortos & Zoltán Szalai

**The impact of the easing cycle on the Hungarian macroeconomy and financial markets**

*by*Dániel Felcser & Gábor Dániel Soós & Balázs Váradi

**The most important steps of BUBOR reforms led by the Central Bank of Hungary in an international comparison**

*by*Szilárd Erhart & Róbert Mátrai

**Superneutrality of Money under Open Market Operations**

*by*Homburg Stefan

**A monetáris politika globális tendenciái és a stabilitási kockázatok**

*by*Ábel, István

**Monetary Policies And Industrial Fluctuations In East European Countries**

*by*Mihaela IFRIM

**Variables which Affect Default Rate of Chilean Loans**

*by*Francisco Ormazabal C.

**The Optimal Taxation and the Current Tax System**

*by*Ioannis N. Kallianiotis

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

*by*Dong He & Honglin Wang & Xiangrong Yu

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

*by*Urszula Szczerbowicz

**Inflation Expectations and the News**

*by*Michael D. Bauer

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

*by*Pierre L. Siklos & Matthias Neuenkirch

**Interest Rate And Credit Sensitivity Of Sectoral Output In Nigeria**

*by*Ikechukwu Kelikume

**Estimating The Effective Cost Of Borrowing To Microcredit Clients In Ghana**

*by*Samuel K. Afrane & Michael Adusei & Bernard Adjei-Poku

**Online Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Development**

*by*Georgy Idrisov & Mikhail Khromov & Evgeny Goryunov & Alexander Knobel & Yuri Ponomarev & Alexander Deryugin & Julia Florinskaya & Nikita Mkrtchan

**Online Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Development**

*by*Georgy Idrisov & Mikhail Khromov & Evgeny Goryunov & Alexander Knobel & Yuri Ponomarev & Alexander Deryugin & Julia Florinskaya & Nikita Mkrtchan

**Online Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Development**

*by*Pavel Trunin & Mikhail Khromov & Anna Kiyutsevskaya & Sergey Tsukhlo & Natalia Zubarevich

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

*by*Kool, Clemens J. M. & Thornton, Daniel L.

**Three Scenarios for Interest Rates in the Transition to Normalcy**

*by*Cooke, Diana A. & Gavin, William T.

**Has Forward Guidance Been Effective?**

*by*Smith, Andrew Lee & Becker, Thealexa

**Assessing monetary accommodation: a simple empirical model of monetary policy and its implications for unemployment and inflation**

*by*Koenig, Evan F. & Armen, Alan

**Hot Money Flows, Cycles in Primary Commodity Prices, and Financial Control in Developing Countries**

*by*Ronald McKinnon

**Interactions of Unconventional Monetary Policy Measures with the Euro Area Yield Curve**

*by*Lubomira Gertler

**Le determinanti dei tassi di interesse bancari nelle regioni italiane**

*by*Manuela Gallo & Valeria Vannoni

**Rules and Discretion in Monetary Policy: Is the Response of the Stock Market Rational?**

*by*Ion-Iulian MARINESCU & Alexandra HOROBET

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

*by*Lennart Erixon

**The post-1980 debt disinflation: an exercise in historical accounting**

*by*J.W. Mason & Arjun Jayadev

**A first formal approach to animal spirits beyond uncertainty**

*by*Gerasimos T. Soldatos & Erotokritos Varelas

**Evolving dynamics of the relationship between US core inflation and unemployment**

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

**A practical approach to constructing price-based funding liquidity factors**

*by*Bouwman, Kees & Buis, Boyd & Pieterse-Bloem, Mary & Tham, Wing Wah

**Funding liquidity constraints and the forward premium anomaly in a DSGE model**

*by*Chu, Shiou-Yen

**Survey sentiment and interest rate option smile**

*by*Chen, Cathy Yi-Hsuan & Kuo, I-Doun

**Weather and SAD related mood effects on the financial market**

*by*Frühwirth, Manfred & Sögner, Leopold

**The impact of fiscal policy announcements by the Italian government on the sovereign spread: A comparative analysis**

*by*Falagiarda, Matteo & Gregori, Wildmer Daniel

**Optimal monetary policy with the cost channel and monopolistically-competitive banks**

*by*Abo-Zaid, Salem

**Robustness to model uncertainty and the nominal term premium puzzle**

*by*Xu, Yuan

**A regime-switching Nelson–Siegel term structure model of the macroeconomy**

*by*Zhu, Xiaoneng & Rahman, Shahidur

**Monetary policy and the yield curve at zero interest**

*by*Ichiue, Hibiki & Ueno, Yoichi

**Cost of borrowing shocks and fiscal adjustment**

*by*de Groot, Oliver & Holm-Hadulla, Fédéric & Leiner-Killinger, Nadine

**Does the US dollar confer an exorbitant privilege?**

*by*McCauley, Robert N.

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

*by*Carvalho, Daniel & Fidora, Michael

**Announcements of ECB unconventional programs: Implications for the sovereign spreads of stressed euro area countries**

*by*Falagiarda, Matteo & Reitz, Stefan

**The side effects of quantitative easing: Evidence from the UK bond market**

*by*Steeley, James M.

**Monetary policy and long-term real rates**

*by*Hanson, Samuel G. & Stein, Jeremy C.

**Why do term structures in different currencies co-move?**

*by*Jotikasthira, Chotibhak & Le, Anh & Lundblad, Christian

**Macroeconomic linkages between monetary policy and the term structure of interest rates**

*by*Kung, Howard

**Declining discount rates and the Fisher Effect: Inflated past, discounted future?**

*by*Freeman, Mark C. & Groom, Ben & Panopoulou, Ekaterini & Pantelidis, Theologos

**How are market preferences shaped? The case of sovereign debt of stressed euro-area countries**

*by*Mamatzakis, Emmanuel & Tsionas, Mike G.

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

*by*Esposito, Lucia & Nobili, Andrea & Ropele, Tiziano

**Financial conditions, macroeconomic factors and disaggregated bond excess returns**

*by*Fricke, Christoph & Menkhoff, Lukas

**Monetary policy and stock prices – Cross-country evidence from cointegrated VAR models**

*by*Belke, Ansgar & Beckmann, Joscha

**A comparison of the information in the LIBOR and CMT term structures of interest rates**

*by*Brooks, Robert & Cline, Brandon N. & Enders, Walter

**Identifying, valuing and hedging of embedded options in non-maturity deposits**

*by*Blöchlinger, Andreas

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

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

**Revisiting the Fisher parity consistency for the Swiss economy around the modification of the National Bank׳s monetary policy strategy**

*by*Neto, David

**Dealing with debt**

*by*Reinhart, Carmen M. & Reinhart, Vincent & Rogoff, Kenneth

**Testing the expectations hypothesis for the Eurozone: A nonlinear cointegration analysis**

*by*Araç, Ayşen & Yalta, A. Yasemin

**A common jump factor stochastic volatility model**

*by*Laurini, Márcio Poletti & Mauad, Roberto Baltieri

**The predictive density simulation of the yield curve with a zero lower bound**

*by*Kang, Kyu Ho

**Real term structure forecasts of consumption growth**

*by*Argyropoulos, Efthymios & Tzavalis, Elias

**Testing the liquidity preference hypothesis using survey forecasts**

*by*Ornelas, Jose Renato Haas & Silva Jr., Antonio Francisco de Almeida

**Emerging market local currency bonds: Diversification and stability**

*by*Miyajima, Ken & Mohanty, M.S. & Chan, Tracy

**Money, liquidity and welfare**

*by*Wen, Yi

**Cost efficiency of the banking industry and unilateral euroisation: A stochastic frontier approach in Serbia and Montenegro**

*by*Sokic, Alexandre

**Quasi-likelihood estimation of a threshold diffusion process**

*by*Su, Fei & Chan, Kung-Sik

**Estimation of affine term structure models with spanned or unspanned stochastic volatility**

*by*Creal, Drew D. & Wu, Jing Cynthia

**Risk-taking channels and capital inflows into the US treasuries**

*by*Tobe, Satoshi

**The zero lower bound and movements in the term structure of interest rates**

*by*Grisse, Christian

**Prediction bias correction for dynamic term structure models**

*by*Raviv, Eran

**The macro-financial implications of house price-indexed mortgage contracts**

*by*Hull, Isaiah

**International long-term yields and monetary policy in a small open economy: The case of Canada**

*by*Lange, Ronald H.

**A New Keynesian model with staggered price and wage setting under learning**

*by*Best, Gabriela

**Finite lifetimes, long-term debt and the fiscal limit**

*by*Richter, Alexander W.

**The low predictive power of simple Phillips curves in Chile**

*by*Pincheira Brown, Pablo & Rubio Hurtado, Hernán

**El escaso poder predictivo de simples curvas de Phillips en Chile**

*by*Pincheira Brown, Pablo & Rubio Hurtado, Hernán

**An Empirical Study of the Relationship between Money Market Interest Rates and Stock Market Performance: Evidence from Zimbabwe (2009-2013)**

*by*Trust Kganyago & Victor Gumbo

**The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey**

*by*Serhan Cevik & Joshua Charap

**Economic Crises and the Substitution of Fiscal Policy by Monetary Policy**

*by*Ioannis N. Kallianiotis

**Finding International Fisher effect to determine the exchange rate through the purchasing power parity theory: the case of Mexico during the period 1996-2012**

*by*Andrea SALAS ORTIZ & Rodrigo GOMEZ MONGE

**Analysis of the evolution of sovereign bond yields by wavelet techniques**

*by*David Chinarro & Eduardo Martínez & Simón J. Sosvilla

**Factores determinantes del salario del sector privado en el Ecuador para el año 2014: un caso de estudio en la ciudad de Guayaquil**

*by*Manuel A. Zambrano-Monserrate & Daniel A. Sanchez-Loor

**The Assessment of Polish Bank Sector Condition on the Basis of Swap Spreads**

*by*Piotr Ryszard Pluciennik

**La política monetaria y el crecimiento económico en Colombia, 1990-2010**

*by*María Cuenca Coral, Felipe Amaya, Bryan Castrillón

**Choques de precios de materia primas, inflación y política monetaria óptima: el caso de Colombia**

*by*Luis Eduardo Arango Thomas & Ximena Chavarro & Eliana González

**Evaluación del marco regulatorio financiero de Barbados**

*by*Anthony Wood & Kimarie Clement

**Commodity Price Shocks and Inflation within an Optimal Monetary Policy Framwork: the case of Colombia**

*by*Luis Eduardo Arango Thomas & Ximena Chavarro & Eliana González

**A Review of the Financial Regulatory Framework of Barbados**

*by*Anthony Wood & Kimarie Clement

**Var Analysis Of The Transmission Mechanism Of Monetary Policy In Romania**

*by*Zina CIORAN

**Revisiting the Fisher parity consistency for the Swiss economy around the modification of the National Bank?s monetary policy strategy**

*by*David Neto

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

*by*Aurélien Leroy & Yannick Lucotte

**Monetary Policy Objectives During the Crisis: An Overview of Selected Southeast European Countries**

*by*Aneta Krstevska

**Bras de fer avec la volatilité : quelles options de politique pour les marchés émergents ?**

*by*Philip Turner

**Title: analysis of term structure of interest rates in Latin America countries from 2006 to 2014**

*by*Felipe Stona & Jean Amann & Maurício Delago Morais & Divanildo Triches & Igor Clemente Morais

**Portfolio Optimisation and Endogenous Rebalancing Methods**

*by*Guilherme Demos & Thomas Pires & Guilherme Valle Moura

**Disinflation and monetary independence in Romania**

*by*Lukasz Goczek

**Crédits à la consommation : tendances récentes et profil des emprunteurs**

*by*COFFINET, J. & JADEAU, C.

**What drives the adjustments of loan interest rates in Bulgaria? Results from a vector autoregression model**

*by*Mihail Mihaylov

**An Overview of Macroprudential Policy Tools**

*by*Stijn Claessens

**Basic interest rate, bank competition and bank spread in personal credit operations in Brazil: A theoretical and empirical analysis**

*by*Guilherme Jonas Costa da Silva & Lívia Abrão Steagall Pirtouscheg

**Inflation Targeting and its Discontents: The Case of Poland**

*by*Piotr Ciżkowicz & Andrzej Rzońca

**Do Banks In Sub-Saharan Africa With Market Power Benefits From Monetary Policy?**

*by*Mohammed Amidu

**Interest Rate Pass-Through, Financial Structure And Monetary Policy In South Africa**

*by*Meshach Jesse Aziakpono & Magdalene Kasyoka Wilson

**Rewriting Monetary Policy 101: What's the Fed's Preferred Post-Crisis Approach to Raising Interest Rates?**

*by*Jane E. Ihrig & Ellen E. Meade & Gretchen C. Weinbach

**Interest Rates, Leverage, and Business Cycles in Emerging Economies: The Role of Financial Frictions**

*by*Andrés Fernández & Adam Gulan

**Aggregate Implications of a Credit Crunch: The Importance of Heterogeneity**

*by*Francisco J. Buera & Benjamin Moll

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

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

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

*by*Mark Gertler & Peter Karadi

**The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence**

*by*Jordi Galí & Luca Gambetti

**Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints**

*by*Aloísio Araújo & Susan Schommer & Michael Woodford

**FOMC Forward Guidance and Investor Beliefs**

*by*Arunima Sinha

**Consumer credit: recent trends and profile of borrowers**

*by*J. Coffinet. & C. Jadeau.

**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

**Modelling the Dynamics of Sovereign Risk Premium [Modelarea dinamicii primei de risc suveran]**

*by*Fudulache Adina Elena

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

*by*Tayfur BAYAT & Selim KAYHAN & Çetin DOĞAN

**Fraktionale Kointegrationsbeziehungen zwischen Euribor-Zinssätzen**

*by*Dechert, Andreas

**Drifts, Volatilities and Impulse Responses Over the Last Century**

*by*Amir Ahmadi, Pooyan & Matthes, Christian & Wang, Mu-Chun

**Does the foreign interest rate matter for monetary policy? Evidence from nonlinear Taylor rules**

*by*Belke, Ansgar & Beckmann, Joscha & Dreger, Christian

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

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

**Does austerity pay off?**

*by*Born, Benjamin & Müller, Gernot J. & Pfeifer, Johannes

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

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

**Sovereign risk, interbank freezes, and aggregate fluctuations**

*by*Engler, Philipp & Große Steffen, Christoph

**The relevance of international spillovers and asymmetric effects in the Taylor rule**

*by*Beckmann, Joscha & Belke, Ansgar & Dreger, Christian

**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

**Financial conditions, macroeconomic factors and (un)expected bond excess returns**

*by*Fricke, Christoph & Menkhoff, Lukas

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

*by*M. Neuenkirch, P. Siklos

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

*by*Pierre L. Siklos, Matthias Neuenkirch

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

*by*Jin Cheng & Meixing Dai & Frédéric Dufourt

**Applying a Macro-Finance Yield Curve to UK Quantitative Easing**

*by*Jagjit S. Chadha & Alex Waters

**Is there any relationship between the rates of interest and profit in the U.S. economy?**

*by*Ivan Mendieta-Muñoz

**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

**Testing the Expectations Hypothesis with Survey Forecasts: The Impacts of Consumer Sentiment and the Zero Lower Bound in an I(2) CVAR**

*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

**Credit spread variability in U.S. business cycles: the Great Moderation versus the Great Recession**

*by*Hylton Hollander & Guangling Liu

**Replication in the narrow sense of "Financial Stability, the Trilemma, and International Reserves" (Obstfeld, Shambaugh & Taylor 2010)**

*by*Christoph Weißer

**Fisher Effect in Austria Causality Approach**

*by*Sami Taban & Tayfur Bayat & Ferit Ã–nder

**The sensitivity of households to interest rate - analysis of the relationship of interest rates and the amount of loans and deposits in the Czech Republic**

*by*Jiri Rotschedl

**Low Frequency Effects of Macroeconomic News on Government Bond Yields**

*by*Carlo Altavilla & Domenico Giannone & Michele Modugno

**Credit spread variability in U.S. business cycles: The Great Moderation versus the Great Recession**

*by*Hylton Hollander and Guangling Liu

**A Note on the (continued) Ability of the Yield Curve to Forecast Economic Downturns in South Africa**

*by*Ferdi Botha & Gavin Keeton

**A Portrait of Informal Sector Credit and Interest Rates in Malawi: Interpolated Monthly Time Series**

*by*Harold Ngalawa

**The Relevance of International Spillovers and Asymmetric Effects in the Taylor Rule**

*by*Joscha Beckmann & Ansgar Belke & Christian Dreger

**Böhm-Bawerk und die Anfänge der monetären Zinstheorie**

*by*Peter Spahn

**Does the halo effect still hold? The (post-) crisis perspective for the euro candidates**

*by*Szczypińska, Agnieszka

**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

**The Equity-like Behaviour of Sovereign Bonds**

*by*Alfonso Dufour & Andrei Stancu & Simone Varotto

**The Dynamic Effects of Interest Rates and Reserve Requirements**

*by*Pérez-Forero, Fernando & Vega, Marco

**Effects of the U.S. quantitative easing on the Peruvian economy**

*by*Carrera, César & Pérez-Forero, Fernando & Ramírez-Rondán, Nelson

**Comportamiento de los mercados financieros peruanos ante el anuncio del tapering**

*by*Choy, Marylin & Cerna, Jorge

**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

**What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery?**

*by*Alan S. Blinder

**Could there be a "Sub-market Interest Rate" in the IS-LM Framework?**

*by*Kui-Wai, Li

**Do Stock Returns Provide a Good Hedge Against Inflation? An Empirical Assessment Using Turkish Data during Periods of Structural Change**

*by*Akturk, Halit

**Monetary Policy versus Structural Reforms: The Case of Croatia**

*by*Vidakovic, Neven & Radošević, Dubravko

**Fed Policy Expectations and Portfolio Flows to Emerging Markets**

*by*Koepke, Robin

**Interest Rates and Structural Shocks in European Transition Economies**

*by*Mirdala, Rajmund

**Organized Crime, Propaganda, Blackmails of Riinvest and OSI’s Nepotism, not the Banking Sector, is a Severe Barrier**

*by*Mulaj, Isa

**Nominal Term Structure and Term Premia. Evidence from Chile**

*by*Ceballos, Luis & Naudon, Alberto & Romero, Damian

**Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates**

*by*BLINOV, Sergey

**Challenges of bank lending in Romania on short, medium and long-term**

*by*Zaman, Gheorghe & Georgescu, George

**An Empirical Comparison of Interest and Growth Rates**

*by*Julia, Knolle

**Critique of IS-LM: fiscal deficits, loanable funds, Keynesian Cross and IS-LM**

*by*Kim, Minseong

**Fiscal and Monetary Policy Interactions in New Zealand**

*by*Wesselbaum, Dennis

**Денежная Политика Количественного Смягчения При Высоких Ставках Центрального Банка**

*by*BLINOV, Sergey

**Competitive Search Equilibrium in the Credit Market under Asymmetric Information and Limited Commitment**

*by*Song, Jae Eun

**The Nominal Interest Rate Yield Response to Net Government Borrowing: GLM Estimates, 1972-2012**

*by*Cebula, Richard

**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

**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

**Factors behind the Decline in Real Long-Term Government Bond Yields**

*by*Romain Bouis & Kei-Ichiro Inaba & Łukasz Rawdanowicz & Ane Kathrine Christensen

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

*by*Edda Claus & Iris Claus & Leo Krippner

**Jumps in Bond Yields at Known Times**

*by*Don H. Kim & Jonathan H. Wright

**The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)**

*by*Guillaume Bazot & Michael D. Bordo & Eric Monnet

**Monetary Policy Effectiveness in China: Evidence from a FAVAR Model**

*by*John Fernald & Mark M. Spiegel & Eric T. Swanson

**Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates**

*by*Eric T. Swanson & John C. Williams

**Trade Dynamics in the Market for Federal Funds**

*by*Gara Afonso & Ricardo Lagos

**What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages**

*by*Cristian Badarinza & John Y. Campbell & Tarun Ramadorai

**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

**Can interest rate spreads stabilize the euro area?**

*by*Michał Brzoza-Brzezina & Jacek Kotłowski & Kamil Wierus

**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

**Learning about Rare Disasters: Implications For Consumption and Asset Prices**

*by*Max Gillman & Michal Kejak & Michal Pakos

**Learning about Rare Disasters: Implications For Consumption and Asset Prices**

*by*Max Gillman & Michal Kejak & Michal Pakos

**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

**The Determinants of Long-Term Japanese Government Bonds' Low Nominal Yields**

*by*Tanweer Akram & Anupam Das

**Endogenous Money and the Natural Rate of Interest: The Reemergence of Liquidity Preference and Animal Spirits in the Post-Keynesian Theory of Capital Markets**

*by*Philip Pilkington

**International yield curve comovements: impact of the recent financial crisis**

*by*Simeon Coleman & Kavita Sirichand

**Uncertain Risk and Return in Bond Markets, I**

*by*Chan R. Mang

**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

**Japanese Repo and Call Markets Before, During, and Emerging from the Financial Crisis**

*by*Ichiro Fukunaga & Naoya Kato

**Monetary Policy as a Carry Trade**

*by*Marvin Goodfriend

**We Are All QE-sians Now**

*by*Takatoshi Ito

**Gamma discounters are short-termist**

*by*Gollier, Christian

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

*by*Miguel Urrutia & Franz Hamann & Marc Hofstetter

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

*by*Miguel Urrutia & Marc Hofstetter & Franz Hamann

**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

**The integration of credit default swap markets in the pre and post-subprime crisis in common stochastic trends**

*by*Cathy Yi-Hsuan Chen & Wolfgang Karl HÃ¤rdle & Hien Pham-Thu &

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

*by*Julien Albertini & Arthur Poirier & &

**Financial Crisis, Unconventional Monetary Policy and International Spillovers**

*by*Qianying Chen & Andrew Filardo & Dong He & Feng Zhu

**Assessing the Effectiveness of Date-Based Forward Guidance at the Zero Lower Bound with a Non-Gaussian Affine Term-Structure Model**

*by*Tsz-Kin Chung & Cho-Hoi Hui & Ka-Fai Li

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

*by*Dong He & Honglin Wang & Xiangrong Yu

**The Macro-Financial Implications of House Price-Indexed Mortgage Contracts**

*by*Hull, Isaiah

**Do Eurozone yield spreads predict recessions?**

*by*Schock, Matthias

**Russia’s Monetary Policy in 2013**

*by*Alexandra Bozhechkova & Anna Kiyutsevskaya & Pavel Trunin

**One size does not fit all. A non-linear analysis of European monetary transmission**

*by*Giulio Cifarelli & Giovanna Paladino

**Term Structures of Inflation Expectations and Real Interest Rates: The Effects of Unconventional Monetary Policy**

*by*Aruoba, S. Boragan

**Three Scenarios for Interest Rates in the Transition to Normalcy**

*by*Cooke, Diana A. & Gavin, William T.

**How has empirical monetary policy analysis changed after the financial crisis?**

*by*Francis, Neville & Jackson, Laura E. & Owyang, Michael T.

**How Persistent Are Unconventional Monetary Policy Effects?**

*by*Neely, Christopher J.

**Money, liquidity and welfare**

*by*Wen, Yi

**What Drives Bank Funding Spreads?**

*by*King, Thomas B. & Lewis, Kurt F.

**Liquidity Traps and Monetary Policy: Managing a Credit Crunch**

*by*Buera, Francisco J. & Nicolini, Juan Pablo

**The scarcity value of Treasury collateral: Repo market effects of security-specific supply and demand factors**

*by*D'Amico, Stefania & Fan, Roger & Kitsul, Yuriy

**Unspanned macroeconomic factors in the yield curve**

*by*Coroneo, Laura & Giannone, Domenico & Modugno, Michele

**The Low Frequency Effects of Macroeconomic News on Government Bond Yields**

*by*Altavilla, Carlo & Giannone, Domenico & Modugno, Michele

**Flights to Safety**

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

**Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices**

*by*D'Amico, Stefania & Kim, Don H. & Wei, Min

**Jumps in Bond Yields at Known Times**

*by*Kim, Don H. & Wright, Jonathan H.

**Swiss unconventional monetary policy: lessons for the transmission of quantitative easing**

*by*Christensen, Jens H.E. & Krogstrup, Signe

**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.

**Can interest rate factors explain exchange rate fluctuations?**

*by*Yung, Julieta

**The international monetary and financial system: a capital account perspective**

*by*Borio, Claudio & James, Harold & Shin, Hyun Song

**The international monetary and financial system: its Achilles heel and what to do about it**

*by*Borio, Claudio

**Global Imbalances: "Made in the USA" or "Made in China"?**

*by*Tania El Kallab

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

*by*Pierre L. Siklos & Matthias Neuenkirch

**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

**Interest Rate Risk and Bank Equity Valuations**

*by*English, William B. & Van den Heuvel, Skander J. & Zakrajsek, Egon

**Sovereign Debt Maturity and Debt-to GDP Dynamics in Six Euro Area Countries**

*by*Juan Equiza Goni

**Low Frequency Effects of Macroeconomic News on Government Bond Yields**

*by*Carlo Altavilla & Domenico Giannone & Michèle Modugno

**Low real rates as driver of secular stagnation: empirical assessment**

*by*Jan Willem van den End & Marco Hoeberichts

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

*by*Ivo Arnold & Saskia van Ewijk

**Sovereign Risk, Interbank Freezes, and Aggregate Fluctuations**

*by*Philipp Engler & Christoph Große Steffen

**The Relevance of International Spillovers and Asymmetric Effects in the Taylor Rule**

*by*Joscha Beckmann & Ansgar Belke & Christian Dreger

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

*by*Bellón, Carlos

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

*by*Tino Berger & Bernd Kempa

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

*by*Gilchrist, Simon & López-Salido, J David & Zakrajsek, Egon

**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

**Government Debt Management: The Long and the Short of It**

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

**Risk Matters: A Comment**

*by*Born, Benjamin & Pfeifer, Johannes

**Commodity price shocks and inflation within an optimal monetary policy framework: the case of Colombia**

*by*Luis Eduardo Arango & Ximena Chavarro & Eliana González

**Identifying the Effects of Simultaneous Monetary Policy Shocks. Fear of Floating under Inflation targeting**

*by*Mauricio Villamizar

**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

**Adverse Effects of Monetary Policy Signalling**

*by*Jan Filacek & Jakub Mateju

**Why does the Euro fail? The DCCA approach**

*by*Paulo Ferreira & Andreia Dionisio & Gilney Zebende

**Hypnosis Before Wake-up Call?! The Revival of Sovereign Credit Risk Perception in the EMU-Crisis**

*by*Ingo G. Bordon & Kai D. Schmid & Michael Schmidt

**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

**ECB Monetary Operations and the Interbank Repo Market**

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

**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

**Fiscal Policy Announcements of Italian Governments and Spread Reaction during the Sovereign Debt Crisis**

*by*M. Falagiarda & W. D. Gregori

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

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

**Evaluating the robustness of UK term structure decompositions using linear regression methods**

*by*Malik, Sheheryar & Meldrum, Andrew

**The Bank of England Credit Conditions Survey**

*by*Bell, Venetia & Pugh, Alice

**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

**Government Debt Management: The Long and the Short of It**

*by*Elisa Faraglia & Albert Marcet & Rigas Oikonomou & Andrew Scott

**Implementing monetary policy in a fragmented monetary union**

*by*M. Vari

**An arbitrage-free Nelson-Siegel term structure model with stochastic volatility for the determination of currency risk premia**

*by*S. Mouabbi

**Options Embedded in ECB Targeted Refinancing Operations**

*by*J-P. Renne

**Fixed-Income Pricing in a Non-Linear Interest-Rate Model**

*by*J-P. Renne

**Euro Area monetary policy shocks: impact on financial asset prices during the crisis?**

*by*C.Jardet & A. Monks

**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.

**The interest-rate sensitivity of the demand for sovereign debt. Evidence from OECD countries (1995-2011)**

*by*Giuseppe Grande & Sergio Masciantonio & Andrea Tiseno

**An estimated DSGE model with search and matching frictions in the credit market**

*by*Danilo Liberati

**Productivity and welfare: an application to the Spanish banking industry**

*by*Alfredo Martín Oliver & Sonia Ruano Pardo & Vicente Salas Fumás

**Structural reforms in a debt overhang**

*by*Javier Andrés & Óscar Arce & Carlos Thomas

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

*by*Michael Ehrmann & Michael Ziegelmeyer

**International House Price Cycles, Monetary Policy and Risk Premiums**

*by*Gregory Bauer

**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

**The Neutral Rate of Interest in Canada**

*by*Rhys R. Mendes

**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

**Searching for the FED's Reaction Function**

*by*Katrin Woelfel & Christoph Weber

**Understanding the Impact of Monetary Policy Shocks on the Corporate Bond Market in Good and Bad Times: A Markov Switching Model**

*by*Massimo Guidolin & Alexei G. Orlov & Manuela Pedio

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

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

**Sovereign spreads and financial market behavior before and during the crisis**

*by*Pawel Gajewski & & &

**Le système financier indien à l'épreuve de la crise**

*by*Ano Sujithan, Kuhanathan

**International financial transmission of the Fed's monetary policy**

*by*Nikola Mirkov

**A Simple Empirical Measure of Central Banks' Conservatism**

*by*GrÃ©gory Levieuge & Yannick Lucotte

**The Impact of the Sovereign Debt Crisis on Bank Lending Rates in the Euro Area**

*by*Stefano Neri

**Interest Rates, Expected Inflation and Structural Breaks: Further Evidence on the Fisher Effect in India (1996-2013) - Tassi di interesse, inflazione attesa e cambiamenti strutturali: nuova evidenza empirica sull’effetto Fisher in India (1996-2013)**

*by*Tronzano, Marco

**Interest Rate Asymmetries in the Lending-Deposit Spread: A Case - Asimmetrie del tasso di interesse nello spread prestiti-depositi: studio di un caso**

*by*Dube, Smile & Zhou, Yan

**Preliminary Evidence on the Impact of Budget Deficits on the Nominal Interest Rate Yield on Ten-Year U.S. Treasury Notes after Allowing for Adoption of Monetary Policies Involving "Quantitative Easing" - Evidenza preliminare sull’impatto del deficit di bilancio sul tasso di interesse nominale delle treasury notes USA a dieci anni dopo l’adozione di politiche monetarie di “quantitative easing”**

*by*Cebula, Richard J.

**Common Currency and Determinants of Government Bond Risk Premiums**

*by*Grzegorz Poniatowski

**The Reaction Function of Three Central Banks**

*by*Josef Arlt & Martin Mandel

**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

**Interest rates and structural shocks in European transition economies**

*by*Rajmund Mirdala

**Pre-university Education Financing in the Context of the EU’s Economic Crisis**

*by*Stoica (Corbu) Luminiþa-Claudia

**Mutations Driven by the Global Financial Crisis on the Hierarchy of Monetary Policy Transmission Mechanism Channels in CEE Countries**

*by*Popescu Iulian Vasile

**Improving the monitoring of the value of implicit guarantees for bank debt**

*by*Sebastian Schich & Michiel Bijlsma & Remco Mocking

**Measurement and analysis of implicit guarantees for bank debt: OECD survey results**

*by*Sebastian Schich & Yesim Aydin

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

*by*Victor Bystrov

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

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

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

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

**Deflation fears in developed economies**

*by*István Ábel & Kristóf Lehmann & Gergõ Motyovszki & Zoltán Szalai

**Theoretical considerations and practical experiences of forward guidance**

*by*Orsolya Csortos & Kristóf Lehmann & Zoltán Szalai

**What factors influence the yield curve?**

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

**The Impact of Textual Sentiment on Sovereign Bond Yield Spreads: Evidence from the Eurozone Crisis**

*by*Sha Liu

**Will the Unemployment Rate Fall with a Robust Forecast for the U.S. Current Account Balance?**

*by*Mehdi Hojjat

**Yield Curve Forecasts and the Predictive Power of Macro Variables in a VAR Framework**

*by*Luciano Vereda & Hélio Lopes & Jessica Kubrusly & Adrian Pizzinga & Taofik Mohammed Ibrahim

**Housing Loan Rates and Other Interest Rates**

*by*Krzysztof Drachal

**A simple model of an oil based global savings glut—the “China factor”and the OPEC cartel**

*by*Ansgar Belke & Daniel Gros

**Effectiveness And Limitations Of Monetary Policy Instruments In Romania And The European Union**

*by*Zina CIORAN

**The Yield Curve Factors and Economic Surprises in the Chilean Bond Market**

*by*Luis Ceballos

**Variables which Affect Default Rate of Chilean Loans**

*by*Francisco Ormazabal C.

**Central Bank Response to Rising Oil Prices: An ARDL Bounds Testing Approach to Cointegration**

*by*Muhammad Zeshan

**The Aggregate Demand Effects of Short- and Long-Term Interest Rates**

*by*Michael T. Kiley

**The Signaling Channel for Federal Reserve Bond Purchases**

*by*Michael D. Bauer & Glenn D. Rudebusch

**Inflation Risk Premia in the Euro Area and the United States**

*by*Peter Hördahl & Oreste Tristani

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

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

**Interest Rate Swaps**

*by*Marina Pepic

**Interest Rate Chanel of Monetary Transmission Mechanism: Evidence from Nigeria**

*by*Ikechukwu Kelikume

**Effects of the Monetary Policy Rate on Interest Rates in Nigeria**

*by*Ikechukwu Kelilume

**An international perspective on the recent behavior of inflation**

*by*Contessi, Silvio & Li, Li & De Pace, Pierangelo

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

*by*Thornton, Daniel L.

**The Effectiveness of the Federal Funds Rate as the U.S. Monetary Policy Tool Before, During and After the Great Recession**

*by*Michael S. Miller & Jin W. Choi

**Is a monetary union feasible for Latin America? Evidence from real effective exchange rates and interest rate pass-through levels**

*by*Stephen McKnight & Marco Robles Sánchez

**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.

**Country risk and the cost of equity in emerging markets**

*by*Warnes, Ignacio & Warnes, Pablo E.

**Interest rate pass-through in the Euro area during the financial crisis: A multivariate regime-switching approach**

*by*Aristei, David & Gallo, Manuela

**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

**Transmission of government default risk in the eurozone**

*by*Kohonen, Anssi

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

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

**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

**Monetary policy regimes: Implications for the yield curve and bond pricing**

*by*Filipova, Kameliya & Audrino, Francesco & De Giorgi, Enrico

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

*by*Leippold, Markus & Strømberg, Jacob

**The interest rate pass-through in the Euro area during the global financial crisis**

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

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

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

**Measuring bilateral spillover and testing contagion on sovereign bond markets in Europe**

*by*Claeys, Peter & Vašíček, Bořek

**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

**The effects of demographic changes on the real interest rate in Japan**

*by*Ikeda, Daisuke & Saito, Masashi

**Bank deposit interest rate pass-through and geographical segmentation in Japanese banking markets**

*by*Uchino, Taisuke

**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

**Long-term government bond yields and macroeconomic fundamentals: Evidence for Greece during the crisis-era**

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

**Explaining breakdowns in interbank lending: A bilateral bargaining model**

*by*Vollmer, Uwe & Wiese, Harald

**Unconventional monetary policies and the corporate bond market**

*by*Guidolin, Massimo & Orlov, Alexei G. & Pedio, Manuela

**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.

**Price discovery process in the emerging sovereign CDS and equity markets**

*by*Ngene, Geoffrey M. & Kabir Hassan, M. & Alam, Nafis

**Emerging market sovereign bond spreads and shifts in global market sentiment**

*by*Csontó, Balázs

**Determinants of credit to households: An approach using the life-cycle model**

*by*Rubaszek, Michał & Serwa, Dobromił

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

*by*Poghosyan, Tigran

**Pricing default events: Surprise, exogeneity and contagion**

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

**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.

**The small open macroeconomy and the yield curve: A state-space representation**

*by*Lange, Ronald H.

**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.

**Transmission effects in the presence of structural breaks: Evidence from South-Eastern European countries**

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

**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

**Financial intermediation in an overlapping generations model with transaction costs**

*by*Hasman, Augusto & Samartín, Margarita & van Bommel, Jos

**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

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

*by*Djuranovik, Leslie

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

*by*Jamilov, Rustam & Égert, Balázs

**An Examination of Fisher Effect for Selected New EU Member States**

*by*Harun UCAK & Ilhan OZTURK & Alper ASLAN

**Is Implied Taylor Rule Interest Rate Applicable as a Carry Trade Strategy?**

*by*Gokcen Ogruk

**La estructura temporal de los tipos de interés: estrategias de negociación en renta fija**

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

**Inflation Targeting in Colombia, 2002–12**

*by*Marc Hofstetter & Franz Hamann & Miguel Urrutia

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

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

**El dinero y la liquidez**

*by*Carlos Esteban Posada

**Monetary Policy and Exchange Rate in a Structural VAR for a Small Open Economy**

*by*Sebastian Gomez-Cardona

**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

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

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

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

*by*Mark Setterfield

**Forward Rate Curve Smoothing**

*by*Robert A. Jarrow

**The effects of public debt management on macroeconomic equilibrium: An analysis of the Brazilian economy**

*by*Cleomar Gomes da Silva & Manoel Carlos de Castro Pires & Fábio Henrique Bittes Terra

**Fiscal insurance and public debt management: Evidence for a large emerging economy**

*by*Helder Ferreira de Mendonça & Kelli Manhães Pessanha

**A Portrait Of Informal Sector Credit And Interest Rates In Malawi: Interpolated Monthly Time Series**

*by*Harold Ngalawa

**Monetary Policy without Interest Rates: Evidence from France's Golden Age (1948 to 1973) Using a Narrative Approach**

*by*Eric Monnet

**"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

**Risk Matters: The Real Effects of Volatility Shocks: Comment**

*by*Benjamin Born & Johannes Pfeifer

**Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates**

*by*Eric T. Swanson & John C. Williams

**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

**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

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

*by*Belke, Ansgar & Wiedmann, Marcel

**Announcements of ECB unconventional programs: Implications for the sovereign risk of Italy**

*by*Falagiarda, Matteo & Reitz, Stefan

**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

**A Local Vector Autoregressive Framework and its Applications to Multivariate Time Series Monitoring and Forecasting**

*by*Ying Chen & Bo Li & Linlin Niu

**中国实际利率与通胀预期的期限结构：基于无套利宏观金融模型的研究**

*by*Gengming Zeng & Linlin Niu

**Adaptive Dynamic Nelson-Siegel Term Structure Model with Applications**

*by*Ying Chen & Linlin Niu

**An Affine Term Structure Model with Auxiliary Stochastic Volatility-Covolatility**

*by*Linlin Niu

**A Type of HJM Based Affine Model: Theory and Empirical Evidence**

*by*Haitao Li & Xiaoxia Ye

**Term Structure Forecasting: No-arbitrage Restrictions Versus Large Information set**

*by*Carlo A. Favero & Linlin Niu & Luca Sala

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

*by*Rustam Jamilov & Bal??zs ??gert

**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

**Inflation Risk Premia, Yield Volatility and Macro Factors**

*by*Andrea Berardi

**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

**The Euro Interbank Repo Market**

*by*Mancini, Loreano & Ranaldo, Angelo & Wrampelmeyer, Jan

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

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

**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

**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

**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 Bank of Russia at a Crossroads: Whether to Ease Monetary Policy?**

*by*Goryunov, Eugene & Trunin, Pavel

**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

**Management of Interest Rate Risk in Indian Banking**

*by*Swamy, Vighneswara

**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

**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

**Банк России На Перепутье: Стоит Ли Смягчать Денежно-Кредитную Политику? (The Bank of Russia at a Crossroads: Whether to Ease Monetary Policy?)**

*by*Pavel Trunin & Eugene Goryunov

**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*Sergey 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

**A Probability-Based Stress Test of Federal Reserve Assets and Income**

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

**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 Hernández & Richard Heuver

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

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

**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

**Estimating Term Premia at the Zero Bound: An Analysis of Japanese, US, and UK Yields**

*by*Hibiki Ichiue & Yoichi Ueno

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

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

**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

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

*by*Christopher F. Baum & 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

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

*by*Renne, Jean-Paul

**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

**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

**Interpretace variability úrokových sazeb v rámci zprostředkovatelského modelu optimální úrokové marže**

*by*Karel Brůna & Jiří Korbel

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

*by*Carlo Cottarelli & Laura Jaramillo

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

*by*Michaela M. Kiermeier

**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

**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

**Banks’ Lending Activity in Bulgaria (2008-2012)**

*by*Ekaterina Sotirova

**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

**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**

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

**Yield Curve Investing: Optimizing Riskadjusted Returns**

*by*Charles Corcoran

**Stock – Watson Eşbütünleşme Analizi Yardımıyla Altın Fiyatları Mekanizması Üzerine**

*by*Gönül AKINCI & Merter AKINCI & Ömer YILMAZ

**The Determinants of New Orders of Non-Defence Capital Goods and Its Relationship to Business Fixed Investment Expenditures: 1992 to 2010**

*by*Douglas Mair & Evangelos Charos & Hossein Kazemi & Anthony J. Laramy

**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

**Government bond yield spreads determination: a matter of fundamentals or market overreaction? Evidence from over-borrowed European countries**

*by*Dimitris Vas. Seremetis & Anastasios P. Pappas

**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

**Oporezivanje korporativne dobiti u Republici Hrvatskoj - 20 godina labirint**

*by*Branko Parac

**Zašto Hrvatska i Bosna i Hercegovina imaju relativno visoku kamatnu stopuc**

*by*Sead Kreso

**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

**L'interdiction du prêt à intérêt : principes et actualité**

*by*Caroline Marie-Jeanne

**Selection of a Portfolio of Pairs Based on Cointegration: A Statistical Arbitrage Strategy**

*by*João Frois Caldeira & Gulherme Valle Moura

**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

**Combining term structure of interest rate forecasts: The Brazilian case**

*by*Rafael Cavalcanti de Araújo & Daniel Oliveira Cajueiro

**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

**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*Krätschell, Karoline & Schmidt, Torsten

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

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

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

*by*Belke, Ansgar & Klose, Jens

**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

**Wachstumszwänge in der Geldwirtschaft. Zwischenbericht der Wissenschaftlichen Arbeitsgruppe nachhaltiges Geld**

*by*Freydorf, Christoph & Kimmich, Christian & Koudela, Thomas & Schuster, Ludwig & Wenzlaff, Ferdinand

**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 assets : The role of parameter uncertainty**

*by*Gollier, Christian

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

*by*Gollier, Christian

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

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

**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

**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

**Generalizing the Taylor Principle: New Comment**

*by*Jean Barthélemy & Magali Marx

**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

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

*by*Szczypińska, Agnieszka

**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

**Modeling exchange rate dynamics in Peru: A cointegration approach using the UIP and PPP**

*by*Jaramillo Franco, Miguel & Serván Lozano, Sergio

**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 HÃ¤rdle & &

**Heterogeneous impatience and dynamic inconsistency**

*by*Hara, Chiaki

**Essays on Credit Markets and Banking**

*by*Holmberg, Ulf

**Error Corrected Disequilibrium**

*by*Holmberg, Ulf

**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

**Payment size, negative equity, and mortgage default**

*by*Fuster, Andreas & Willen, Paul S.

**Decomposing real and nominal yield curves**

*by*Abrahams, Michael & Adrian, Tobias & Crump, Richard K. & Moench, Emanuel

**Bankruptcy and delinquency in a model of unsecured debt**

*by*Athreya, Kartik & Sánchez, Juan M. & Tam, Xuan S. & Young, Eric R.

**Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates**

*by*Ajello, Andrea & Benzoni, Luca & Chyruk, Olena

**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

**Fisher, Macaulay et Allais face au “paradoxe de Gibson”**

*by*Jean-Jacques DURAND & George PRAT

**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

**The Effects of Demographic Changes on the Real Interest Rate in Japan**

*by*Daisuke Ikeda & Masashi Saito

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

*by*Ichiro Muto

**Fiscal policy and learning**

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

**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

**Cambios recientes en la transmisión de la tasa de política monetaria a la estructura de tasas en Uruguay**

*by*Gerardo Licandro & Miguel Mello

**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 companies?**

*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 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

**Taylor Rule and Monetary Policy in Tunisia**

*by*Imen Mohamed Sghaier

**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

**Je možné předpovídat repo sazbu ČNB na základě zpět hledícího měnového pravidla?**

*by*Josef Arlt & Martin Mandel

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

*by*Coralia Emilia Popa

**The Monetary Transmission Mechanism In Polish Economy**

*by*Adam Waszkowski

**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

**Why is the Cost of Financial Intermediation Rising in Botswana?**

*by*Sylvanus Ikhide & Olalekan Yinusa

**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

**Forecasting Term Structure of HIBOR Swap Rates**

*by*Mei-Mei Kuo & Shih-Wen Tai & Bing-Huei Lin

**Integration of Key Worldwide Money Market Interest Rates and the Federal Funds Rate: An Empirical Investigation**

*by*Krishna M. Kasibhatla

**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

**Nonparametric estimation of scalar diffusion models of interest rates using asymmetric kernels**

*by*Gospodinov, Nikolay & Hirukawa, Masayuki

**Euro money market spreads during the 2007–? financial crisis**

*by*Cassola, Nuno & Morana, Claudio

**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

**Monetary transmission right from the start: On the information content of the Eurosystem's main refinancing operations**

*by*Abbassi, Puriya & Nautz, Dieter

**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

**¿Responde el Banco de la República a los movimientos en la tasa de cambio real?**

*by*Edgberto Alexander Riveros

**Dinámica de la política monetaria e inflación objetivo en Colombia: una aproximación FAVAR**

*by*Andrés Felipe Londoño & Jorge Andrés Tamayo & Carlos Alberto Velásquez

**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. Gürkaynak & 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

**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

**Political Business Cycles and Monetary Policy Revisited – An Application of a Two-Dimensional Asymmetric Taylor Reaction Function**

*by*Klose, Jens

**Does Monetary Policy Affect Stock Market Uncertainty? – Empirical Evidence from the United States**

*by*Jovanović, Mario

**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*Buscher, Herbert S. & Gabrisch, Hubert

**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

**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 PÃ©rez 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

**Forecasting the U.S. Term Structure of Interest Rates using a Macroeconomic Smooth Dynamic Factor Model**

*by*Siem Jan Koopman & Michel van der Wel

**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

**State-Dependent Probability Distributions in Non Linear Rational Expectations Models**

*by*Jean Barthélemy & Magali Marx

**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

**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

**Excess Bank Reserves and Monetary Policy with a Lower-Bound Lending Rate September 2011**

*by*Tarron Khemraj & Christian R. Proaño

**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'

**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

**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

**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

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

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

**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

**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

**Studies in East Asian Economies:Capital Flows, Exchange Rates and Monetary Policy**

*by*Jagdish Handa & Shibeshi Ghebre Kahsay

**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 Lyziak & Jan Przystypa & Ewa Stanislawska & Ewa Wróbel & Urszula Szczerbowicz

**Issuing central bank securities**

*by*Garreth Rule

**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

**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

**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

**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

**Monetary Policy Rule For Poland – Results For Various Specifactions**

*by*Pawel Baranowski

**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

**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

**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

**Una estimación de los impactos de la tasa de interés en el ciclo económico de Colombia: 1986-2010**

*by*Restrepo O., Sergio Iván & Martínez R., Luis Esteban & Lopera C., Mauricio

**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 &

**La BCE : quel(s) scénario(s) de sortie de crise ?**

*by*Christian Bordes & Laurent Clerc

**Asymmetry and Risk Premia in the Brazilian Term Structure of Interest Rates**

*by*Marcelo Ganem & Tara Keshar Nanda Baidya

**Giving Flexibility to the Nelson-Siegel Class of Term Structure Models**

*by*Rafael Barros de Rezende

**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.

**A Proposal on Macro-prudential Regulation**

*by*Carolina Osorio

**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

**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.

**Is Euro Area Money Demand (Still) Stable? – Cointegrated VAR versus Single Equation Techniques**

*by*Belke, Ansgar & Czudaj, Robert

**(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis**

*by*Belke, Ansgar & Klose, Jens

**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

**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

**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

**The Bond Yield Conundrum : Alternative Hypotheses and the State of the Economy**

*by*Eijffinger, S.C.W. & Mahieu, R.J. & Raes, L.B.D.

**Bank Liquidity, Interbank Markets, and Monetary Policy**

*by*Freixas, X. & Martin, A. & Skeie, D.

**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.

**US Money Demand, Monetary Overhang, and Inflation**

*by*Oliver Hossfeld

**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

**Interest Rates and Implications for Microfinance in Latin America and the Caribbean**

*by*Rashmi Kiran Ekka & Mark D. Wenner & Anita Campion

**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 ECBâ€™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

**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

**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

**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

**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

**La determinación y el traspaso de las tasas de interés. Una aproximación macro bancaria**

*by*Dardo Curti

**Aproximaciones empíricas a la Tasa Natural de Interés para la Economía Uruguaya**

*by*Conrado Brum & Patricia Carballo & Verónica España

**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

**Response of Long-term Interest Rate to Fiscal Imbalance: Evidence from Pakistan**

*by*Noor-e-Saher & Mehran Herbert

**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

**Akumulace devizových rezerv centrálních bank a dynamika absorpce likvidity bankovních systémů České republiky, Polska a Maďarska**

*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

**A Synthesized Discussion on the Macao Monetary Reform**

*by*Xinhua Gu

**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

**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.

**Exchange-Traded Funds Of The Euro Zone Sovereign Debt**

*by*Mikica Drenovak & Branko Urošević

**Government Borrowing And The Longterm Interest Rate: Application Of An Extended Loanable Funds Model To The Slovak Republic**

*by*Yu Hsing

**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. Gürkaynak & 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 & Corvoisier, Sandrine

**US–Euro Area Monetary Policy Interdependence – New Evidence from Taylor Rule Based VECMs**

*by*Belke, Ansgar & Cui, Yuhua

**Does the ECB Rely on a Taylor Rule? - Comparing Ex-post with Real Time Data**

*by*Belke, Ansgar & Klose, Jens

**A Simple Model of an Oil Based Global Savings Glut – The ""China Factor"" and the OPEC Cartel**

*by*Belke, Ansgar & Gros, Daniel

**Determinants of government bond spreads in the Euro Area: in good times as in bad**

*by*Aßmann, Christian & Boysen-Hogrefe, Jens

**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

**Modeling Monetary Policy**

*by*Samuel Reynard & Andreas Schabert

**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

**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.

**What Determine Mortgage Yield Spreads in Australia? Credit Criteria, Funding Channels and the Market Condition**

*by*Benjamin Liu & Donghui Li & Eduardo Roca

**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

**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

**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

**Estimación de la tasa de cambio real de equilibrio: aplicación a Colombia**

*by*Jaime Silva González

**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

**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

**Měnová politika a predikce variability úrokových sazeb na peněžním trhu**

*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

**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

**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

**Loanable funds, liquidity preference: structure, past and present**

*by*Romar Correa

**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

**Managing disinflation under uncertainty**

*by*Tesfaselassie, Mewael F. & Schaling, Eric

**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

**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

**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

**The day-to-day interbank market, volatility, and central bank intervention in a developing economy**

*by*Sanchez-Fung, Jose R.

**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

**Making Monetary Policy by Committee**

*by*Alan S. Blinder

**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

**The Impact of Monetary Policy on Economic Growth and Inflation in Sri Lanka**

*by*Amarasekara, Chandranath

**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

**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

**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

**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.

**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

**La tasa natural de interés: estimación para la economía uruguaya**

*by*Verónica España

**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

**Real Convergence and Regime-Switching Among EU Accession Countries**

*by*Mark J. Holmes & Ping Wang

**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

**Expectativas, tasa de interés y tasa de cambio: paridad cubierta y no cubierta en Colombia, 2000-2007**

*by*Juan José Echavarría & Diego Vásquez & Mauricio Villamizar

**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

**THE SGP and the ECB an exercise in asymmetry**

*by*Mayes, David & Viren , Matti

**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

**Shifts in the inflation target and communication of central bank forecasts**

*by*Tesfaselassie, Mewael F.

**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

**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

**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

**How Does Liquidity Affect Government Bond Yields?**

*by*Carlo Favero & Marco Pagano & Ernst-Ludwig von Thadden

**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

**Analisis Kinerja Perbankan Syari’Ah Paska Fatwa Mui Tentang Keharaman Bunga**

*by*Nizar, Muhammad Afdi

**Analisis Pengaruh Imbal Hasil Dan Suku Bunga Terhadap Tabungan (Saving Deposits) Bank Syari’Ah Dan Bank Konvensional Di Indonesia**

*by*Nizar, Muhammad Afdi

**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.

**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

**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 Determinants of Corporate Risk in Emerging Markets: An Option-Adjusted Spread Analysis**

*by*Eduardo A. Cavallo & Patricio Valenzuela

**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

**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

**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

**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

**Equilibrium Interest Rate and the Yield Curve in a Low Interest Rate Environment**

*by*Hibiki Ichiue & Yoichi Ueno

**A Macro-Finance Analysis of the Term Structure and Monetary Policy in Japan: Using a Model with Time-Variant Equilibrium Rates of Real Interest and Inflation and with the Zero Lower Bound of Nominal Interest Rates**

*by*Nobuyuki Oda & Takashi Suzuki

**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 desease scare in Kazakhstan : is it real?**

*by*Égert, Balázs & Leonard, Carol S.

**An "almost-too-late" warning mechanism for currency crises**

*by*Crespo Cuaresma, Jesús & Slacik, Tomás

**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

**Programs**

*by*T W EPPS

**Solving P.D.E.s Numerically**

*by*T W EPPS

**Simulation**

*by*T W EPPS

**Interest-Rate Dynamics**

*by*T W EPPS

**Discontinuous Processes**

*by*T W EPPS

**Models with Uncertain Volatility**

*by*T W EPPS

**American Options and “Exotics”**

*by*T W EPPS

**Black-Scholes Dynamics**

*by*T W EPPS

**Pricing under Bernoulli Dynamics**

*by*T W EPPS

**Dynamics-Free Pricing**

*by*T W EPPS

**Tools for Continuous-Time Models**

*by*T W EPPS

**Mathematical Preparation**

*by*T W EPPS

**Introduction and Overview**

*by*T W EPPS

**Interest Rate Proprietary Trading Strategies**

*by*YI TANG & BIN LI

**Inflation Linked Instruments Modeling**

*by*YI TANG & BIN LI

**Yield Decomposition Model**

*by*YI TANG & BIN LI

**The Holy Grail — Two-Factor Interest Rate Arbitrage**

*by*YI TANG & BIN LI

**Two-Factor Risk Model**

*by*YI TANG & BIN LI

**Yield Curve Modeling**

*by*YI TANG & BIN LI

**Simple Interest Rate Products**

*by*YI TANG & BIN LI

**Credit Risk Modeling and Pricing**

*by*YI TANG & BIN LI

**The Interest Rate Market Model**

*by*YI TANG & BIN LI

**The Heath-Jarrow-Morton Framework**

*by*YI TANG & BIN LI

**Introduction to Interest Rate Term Structure Modeling**

*by*YI TANG & BIN LI

**Martingale Resampling and Interpolation**

*by*YI TANG & BIN LI

**The Black-Scholes Framework and Extensions**

*by*YI TANG & BIN LI

**Martingale Arbitrage Pricing in Real Market**

*by*YI TANG & BIN LI

**Introduction to Counterparty Credit Risk**

*by*YI TANG & BIN LI

**Pricing Derivative Securities**

*by*Thomas W Epps

**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

**Emerging Markets’ Deficits, Privatization, and Interest Rates**

*by*Walker, David A.

**Economic transparency and poverty**

*by*Helder Ferreira De Mendonça & Josè Simao Filho

**Economic transparency and poverty**

*by*Helder Ferreira De Mendonça & Josè Simao Filho

**Úrokový transmisní mechanismus a řízení úrokové marže bank v kontextu dezinflační politiky České národní banky**

*by*Karel Brůna

**Vliv zveřejněných informací na výnosovou křivku**

*by*Vladimir Pikora

**Měnová politika, změny trendové inflace a nestabilita úrokových relací: analýza dynamiky dlouhodobých úrokových sazeb v kontextu změn repo sazby české národní banky**

*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 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 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.

**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

**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

**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*Bal??zs ??gert & Jesus Crespo-Cuaresma & Thomas Reininger

**Real-Time Time-Varying Equilibrium Interest Rates: Evidence on the Czech Republic**

*by*Roman Horv??th

**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

**Learning about the Term Structure and Optimal Rules for Inflation Targeting**

*by*Tesfaselassie, M.F. & Schaling, E. & Eijffinger, S.C.W.

**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

**Monetary Policy Today: Sixteen Questions and about Twelve Answers**

*by*Alan S. Blinder

**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

**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

**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

**A Re-examination of the link between Real Exchange Rates and Real Interest Rate Differentials**

*by*Mathias Hoffmann & Ronald MacDonald

**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 & Gábor Rappai & Zoltán Schepp

**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 Ibáñez, 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 and the Yield Curve at Zero Interest: The Macro-Finance Model of Interest Rates as Options**

*by*Hibiki Ichiue & Yoichi Ueno

**The Use of the Black Model of Interest Rates as Options for Monitoring the JGB Market Expectations**

*by*Yoichi Ueno & Naohiko Baba & Yuji Sakurai

**Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses**

*by*Hiroshi Ugai

**Monetary Policy Rules under Heterogeneous Inflation Expectations**

*by*Sophocles N. Brissimis & Nicholas S. Magginas

**Monetary policy and rejections of the expectations hypothesis**

*by*Ravenna, Federico & Seppälä, Juha

**Money market volatility : a simulation study**

*by*Kempa, Michal

**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

**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 Bond Yield "Conundrum" from a Macro-Finance Perspective**

*by*Glenn D. Rudebusch & Eric T. Swanson & Tao Wu

**Financial Market Functioning and Monetary Policy: Japan fs 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

**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 Multifactor Nature of the Volatility of the Eurodollar Futures Market**

*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

**Labor Income and the Demand for Long-term Bonds**

*by*Koijen, R.S.J. & Nijman, T.E. & Werker, B.J.M.

**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

**Interest Rate Pass-through in Sri Lanka**

*by*Amarasekara, Chandranath

**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

**A Tale of Two Effects**

*by*Paul Evans & Xiaojun Wang

**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 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

**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

**Monetary Policy Uncertainty and Market Interest Rates**

*by*Ryo Kato & Yoshifumi Hisata

**The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach**

*by*Nobuyuki Oda & Kazuo Ueda

**How Do Monetary Policy Rules Affect Term Premia?**

*by*Hibiki Ichiue

**Identifying the interdependence between US monetary policy and the stock market**

*by*Bjørnland, Hilde C. & Leitemo, Kai

**Bank interest rates in a small European economy : Some exploratory macro level analyses using Finnish data**

*by*Kauko, Karlo

**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

**Global monetary instability: The role of the IMF, the EU and NAFTA**

*by*A. G. Malliaris

**Equity And Oil Markets Under External Shocks**

*by*Jorge Urrutia & A. G. Malliaris

**Oil And World Stock Markets' Reaction To The Gulf Crisis**

*by*A. G. Malliaris & Jorge L. Urrutia

**The Impact Of The Persian Gulf Crisis On National Equity Markets**

*by*A. G. Malliaris & Jorge L. Urrutia

**The International Crash of October 1987: Causality Tests**

*by*A. G. Malliaris & Jorge L. Urrutia

**Monetary Policy And The U.S. Stock Market**

*by*MARC D. HAYFORD & A. G. MALLIARIS

**How did the Fed react to the 1990s stock market bubble? Evidence from an extended Taylor rule**

*by*M. D. Hayford & A. G. Malliaris

**Is The Federal Reserve Stock Market Bubble-Neutral?**

*by*Marc D. Hayford & A. G. Malliaris

**Are There Rational Bubbles In The U.S Stock Market? Overview And A New Test**

*by*Ramaprasad Bhar & A. G. Malliaris

**Multi-Fractality in Foreign Currency Markets**

*by*Marco Corazza & A. G. Malliaris

**European Stock Market Fluctuations: Short And Long Term Links**

*by*A. G. Malliaris & Jorge L. Urrutia

**Chaotic Behavior in Prices of European Equity Markets: A Comparative Analysis of Major Economic Regions**

*by*George C. Philippatos & Efi Pilarinu & A. G. Malliaris

**Methodological issues in asset pricing: Random walk or chaotic dynamics**

*by*A. G. Malliaris & Jerome L. Stein

**Money, inflation and interest rates: Illustrations from twelve European economies**

*by*A. G. Malliaris & Silvana Stefani

**Several Illustrations of the Quantity Theory of Money: 1947–1987 and 1867–1975**

*by*A. G. MALLIARIS

**Decomposition of Inflation and its Volatility: A Stochastic Approach**

*by*A. G. MALLIARIS & MARY E. MALLIARIS

**Interest rates and inflation: A continuous time stochastic approach**

*by*A. G. Malliaris & Walter F. Mullady & M. E. Malliaris

**An empirical investigation among real, monetary and financial variables**

*by*A. G. Malliaris & Jorge L. Urrutia

**How big is the random walk in macroeconomic time series: Variance ratio tests**

*by*A. G. Malliaris & Jorge L. Urrutia

**Asymptotic Growth under Uncertainty: Existence and Uniqueness**

*by*FWU-RANQ CHANG & A. G. MALLIARIS

**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

**Mechanismus stabilizace ultrakrátkých úrokových sazeb prostřednictvím repo operací České národní banky**

*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

**National Money of Account, with a Second National Money or Local Monies as Means of Payment: A Way of Finessing the Zero Interest Rate Bound**

*by*Stephen J. DAVIES

**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

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

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

**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*Jes??s Crespo-Cuaresma & Bal??zs ??gert & 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 SantamarÃa & Javier GÃ³mez Biscarri

**Leaning Against the Parity**

*by*Alex Luiz Ferreira

**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.

**Credit Rationing Effects of Credit Value-at-Risk**

*by*Jan Frederik Slijkerman & David J.C. Smant & Casper G. de Vries

**Une théorie de l'inflation optimales fondée sur les contraintes du crédit**

*by*Xavier Ragot

**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

**Daily interbank rate determination and volatility in a banking crisis**

*by*Sanchez-Fung, Jose R.

**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.

**A flexible prior distribution for Markov switching autoregressions with Student-t errors**

*by*Deschamps, Philippe J.

**The Deficit?Interest Rate Connection: an empirical assessment of the EU**

*by*Carlos Vieira

**Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation**

*by*Vázquez Pérez, Jesús

**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

**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

**Why Can the Yield Curve Predict Output Growth, Inflation, and Interest Rates? An Analysis with an Affine Term Structure Model**

*by*Hibiki Ichiue

**Heterogenous 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

**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

**Systematická složka měnové politiky ČNB v režimu cílování inflace**

*by*David Navrátil

**Analýza citlivosti referenčních úrokových sazeb PRIBOR na změny repo sazby České národní banky**

*by*Karel Brůna & Jaroslav Brada

**Čtyři zamyšlení nad cílováním inflace v České republice**

*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

**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

**Expectativas de actividad económica en Colombia y estructura a plazo: un poco más de evidencia**

*by*Luis Eduardo Arango & Luz Adriana Flórez

**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

**Why do we have an interbank money market?**

*by*Wiemers, Jürgen & Neyer, Ulrike

**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 & Ev??en 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

**Learning, Inflation Reduction and Optimal Monetary Policy**

*by*Schaling, E.

**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

**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.

**The role of the term spread in an augmented Taylor rule: An empirical investigation**

*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

**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

**Learning, inflation expectations and optimal monetary policy**

*by*Schaling, Eric

**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.

**Befektetői horizont és a „forwardrejtély”**

*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

**Experiencias y herramientas para anticipar y curar la deflación. ¿Qué puede hacer un banco central?**

*by*David Cano Martínez

**La trampa estructural de Japón. Lecciones para Europa y Estados Unidos**

*by*Angel Ubide

**La política monetaria en Japón: lecciones a extraer en la comparación con la de los EE.UU**

*by*Alicia Gacía Herrero & César Martín Machuca

**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

**Estimación de la estructura a plazo de las tasas de interés en Colombia**

*by*Luis Eduardo Arango & Luis Fernando Melo & Diego Mauricio Vásquez

**Testing the Expectations Hypothesis in the Brazilian Term Structure of Interest Rates**

*by*Benjamin Miranda Tabak & Sandro Canesso de Andrade

**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

**The Real Interest Rate Yield on Long Term Municipals: What is the Role of Budget Deficits?**

*by*Cebula, Richard & Merrick, Shelley

**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

**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

**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 changing behaviour of the term structure of post-war US**

*by*Gutiérrez Huerta, María José & Vázquez Pérez, Jesús

**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

**Nonlinear dynamics of interest rate and inflation**

*by*Lanne, Markku

**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

**The Valuation and Hedging of Variable Rate Savings Account**

*by*Frank de Jong & Jacco Wielhouwer

**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

**ARIMA ve VAR Modellerinin Tahmin Başarılarının Karşılaştırılması**

*by*Bilgili, Faik

**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

**Bank Lending Rate Pass-Through and Differences in the Transmission of a Single EMU Monetary Policy**

*by*Marie Donnay & Hans Degryse

**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 & Asli GŸnay

**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

**Evidencia de contagio en la volatilidad de la tasa de interés en Colombia**

*by*Mónica Lylián Parra T.

**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.

**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

**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*de Jong, F.C.J.M. & Driessen, J.J.A.G. & Pelsser, A.

**Cross- and Auto-Correlation Effects arising from Averaging: The Case of US Interest Rates and Equity Duration**

*by*Winfried G. Hallerbach

**السياسات النقدية في إطار إسلامي**

*by*Al-Jarhi, Mabid

**Determinants of the Rate of Return on Commercial Bank Assets in the United States, 1959-1998**

*by*Cebula, Richard

**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

**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

**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

**An Analysis of the Reserve Market: Interpreting Vector Autoregressions Using a Theoretical Model**

*by*Imho Kang

**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

**Análisis Coyuntural. I. La inversión privada en la década de los noventa según la EOE. II. El impuesto a las transacciones financieras**

*by*Fedesarrollo

**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

**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

**Testing Affine Term Structure Models in Case of Transaction Costs**

*by*Driessen, J.J.A.G. & Melenberg, B. & Nijman, T.E.

**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

**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

**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.

**a credibilidad de la banda cambiaria en Colombia: implicaciones sobre el diferencial de tasas de interés**

*by*Arturo José Galindo

**Análisis Coyuntural. I. La economía en 1999. II. Del UPAC a la UVR**

*by*Fedesarrollo

**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.

**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.

**The Term Structure of Interest Rates and Inflation Forecast Targeting**

*by*Eijffinger, S.C.W. & Schaling, E. & Verhagen, W.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

**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

**¿Importa la independencia? el caso del Banco Central colombiano**

*by*Mauricio Cárdenas & Zeinab Partow

**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 Nicolò, 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

**Análisis Coyuntural. I. Petróleo. II. evolución reciente de la tasa de cambio en Colombia**

*by*Fedesarrollo

**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

**Determinants of the expected real long-term interest rates in the G7-countries**

*by*Krämer, Jörg W.

**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 D. 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

**The fundamental determinants of financial integration in the European Union**

*by*Lemmen, J.J.G. & Eijffinger, S.C.W.

**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

**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 Nicolò, 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

**Riesgos bancarios y tipo de interés**

*by*Ricardo Laiseca Asla

**La economía venezolana**

*by*Javier Fernández Riva

**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

**La demanda de dinero en el corto y en el largo plazo en Colombia**

*by*Santiago Herrera A. & Juan Manuel Julio

**Economía mexicana**

*by*Nohora Isabel Vargas

**Economía Ecuatoriana**

*by*Blanca Amalia Llorente & Lucía Victoria Beltrán

**The Reform of Federal Deposit Insurance**

*by*Cebula, Richard

**The Impact of Federal Deposit Insurance on Savings and Loan Failures**

*by*Cebula, Richard

**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

**La política monetaria en españa: la historia reciente y la crisis en 1992**

*by*Antonio Argandoña

**Paridad entre la tasa de interés real interna y externa: Notas sobre el caso colombiano**

*by*Patricia Correa

**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

**Macroeconomía del sistema bancario: Un modelo aplicado a Colombia**

*by*Eduardo Lora Torres

**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

**Análisis del mercado de eurodólares: origen, desarrollo y consecuencias**

*by*Luis Rául Seyffert

**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

**Are Low Interest Rates Deflationary? A Paradox of Perfect- Foresight Analysis**

*by*Mariana GarcÄ±a-Schmidt & Michael Woodford

**Analyzing the Taylor Rule with Wavelet Lenses**

*by*Luís Francisco Aguiar-Conraria & Manuel M. F. Martins & Maria Joana Soares

**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

**Inflation Co-movement across Countries in Multi-maturity Term Structure: An Arbitrage-Free Approach**

*by*Shi Chen & Wolfgang Karl Härdle & Weining Wang &

**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

**Exact Smooth Term Structure Estimation**

*by*Damir FilipoviÄ‡ & Sander Willems

**Consistent Re-Calibration in Yield Curve Modeling: An Example**

*by*Mario V. Wuthrich

**Optimal Long-Term Allocation with Pension Fund Liabilities**

*by*Eric JONDEAU & Michael ROCKINGER

**Linear-Rational Term Structure Models**

*by*Damir FILIPOVIC & Martin LARSSON & Anders TROLLE

**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