Unconventional monetary policy and the great recession : estimating the macroeconomic effects of a spread compression at the zero lower bound.
Baumeister, Christiane.
Unconventional monetary policy and the great recession : estimating the macroeconomic effects of a spread compression at the zero lower bound.
Bibliografía : páginas 207-212.
Introduction, 166 ; Empirical methodology, 169 ; Evidence on the impact of a compression in the yield spread, 177 ; Conclusions, 199
We explore the macroeconomic effects of a compression in the long-term bond yield spread within the context of the great recession of 2007-09 via a time-varying parameter structural VAR model.
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Política monetaria.
Recesión económica.