Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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In this section we look at data concerning 10-year government bond yields. Althoughour main interest is the default risk, this presents only one channel through whichfiscal policies can affect long-term yields. There are other channels operating throughmonetary-fiscal interaction, which should be reflected in the evolution of yields.Therefore we start our descriptive analysis in this section by looking at yields,forward rates and inflation expectations at a weekly frequency. Then we move to ananalysis of interest rate swap spreads, at a weekly and daily frequency.For the EU countries represented in Figure 1, the yields dropped from an interval of4.9%-5.2% in the beginning...
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WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY
