TY - SER AU - Baumeister,Christiane AU - Benati,Luca TI - Unconventional monetary policy and the great recession : : estimating the macroeconomic effects of a spread compression at the zero lower bound SN - 18154654 KW - Política monetaria KW - Recesión económica N1 - Bibliografía : páginas 207-212; Introduction, 166 ;; Empirical methodology, 169 ;; Evidence on the impact of a compression in the yield spread, 177 ;; Conclusions, 199 N2 - 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 ER -