{"product_id":"developments-in-macro-finance-yield-curve-modelling-paperback-9781316623169","title":"Developments in Macro-Finance Yield Curve Modelling (Paperback \/ softback) 9781316623169","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eDevelopments in Macro-Finance Yield Curve Modelling\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eState-of-the-art research from academics and policymakers on the role of and challenges to monetary policy during the ongoing financial crisis.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJagjit S. Chadha (Edited by), Alain C. J. Durré (Edited by), Michael A. S. Joyce (Edited by), Lucio Sarno (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781316623169, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 1 September 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e570 pages, 114 b\/w illus.  60 tables\u003cbr\u003e22.8 x 15.2 x 3.1 cm, 0.82 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'This timely conference volume addresses issues that are central to both the research agenda for macroeconomics and finance and to the decisions that policymakers will face as we emerge from the crisis.' Paul Tucker, Former Deputy Governor of the Bank of England\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eChanges in the shape of the yield curve have traditionally been one of the key macroeconomic indicators of a likely change in economic outlook. However, the recent financial crises have created a challenge to the management of monetary policy, demanding a revision in the way that policymakers model expected changes in the economy. This volume brings together central bank economists and leading academic monetary economists to propose new methods for modelling the behaviour of interest rates. Topics covered include: the analysis and extraction of expectations of future monetary policy and inflation; the analysis of the short-term dynamics of money market interest rates; the reliability of existing models in periods of extreme market volatility and how to adjust them accordingly; and the role of government debt and deficits in affecting sovereign bond yields and spreads. This book will interest financial researchers and practitioners as well as academic and central bank economists.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword Paul Tucker\u003cbr\u003e Preface\u003cbr\u003e 1. Editors' introductory chapter and overview J. S. Chadha, Alain C. J. Durré, M. A. S. Joyce and L. Sarno\u003cbr\u003e Part I. Keynote Addresses: 2. Is the long-term interest rate a policy victim, a policy variable or a policy lodestar? Philip Turner\u003cbr\u003e 3. Sovereign debt and monetary policy in the euro area Alain C. J. Durré and Frank Smets\u003cbr\u003e 4. The Federal Reserve's response to the financial crisis: what it did and what it should have done Daniel L. Thornton\u003cbr\u003e 5. Tail risks and contract design from a financial stability perspective Patrik Edsparr and Paul Fisher\u003cbr\u003e Part II. New Techniques: 6. Compound autoregressive processes and defaultable bond pricing Alain Monfort and Jean-Paul Renne\u003cbr\u003e 7. Yield curve dimensionality when short rates are near the zero lower bound James M. Steeley\u003cbr\u003e 8. The intelligible factor model: international comparison and stylized facts Yvan Lengwiler and Carlos Lenz\u003cbr\u003e 9. Estimating the policy rule from money market rates when target rate changes are lumpy Jean-Sébastien Fontaine\u003cbr\u003e 10. Developing a practical yield curve model: an odyssey M. A. H. Dempster, Jack Evans and Elena Medova\u003cbr\u003e Part III. Policy: 11. The repo and federal funds markets before, during, and emerging from the financial crisis Morten Bech, Elizabeth Klee and Viktors Stebunovs\u003cbr\u003e 12. Taylor rule uncertainty: believe it or not Andrea Buraschi, Andrea Carnelli and Paul Whelan\u003cbr\u003e Part IV. Estimating Inflation Risk: 13. Inflation compensation and inflation risk premia in the euro area term structure of interest rates Juan Angel Garcia and Thomas Werner\u003cbr\u003e 14. The predictive content of the yield curve for inflation Hans Dewachter, Leonardo Iania and Marco Lyrio\u003cbr\u003e 15. Inflation risk premium and the term structure of macroeconomic announcements in the euro area and the United States Marcello Pericoli\u003cbr\u003e Part V. Default Risk: 16. A term structure model for defaultable European sovereign bonds Priscilla Burity, Marcelo Medeiros and Luciano Vereda\u003cbr\u003e 17. Some considerations on debt and interest rates Luigi Marattin, Paolo Paesani and Simone Salotti\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e], Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e], Economics, finance, business \u0026amp; management [\u003ca title=\"See our other books on Economics, finance, business \u0026amp; management\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics,%20finance,%20business%20\u0026amp;%20management%20%5BK%5D%22\"\u003eK\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005538521368,"sku":"9781316623169","price":42.46,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781316623169i.jpg?v=1696683169","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/developments-in-macro-finance-yield-curve-modelling-paperback-9781316623169","provider":"Freshly Printed Books","version":"1.0","type":"link"}