| Developments in Macro-Finance Yield Curve Modelling Contributor(s): Chadha, Jagjit S. (Editor), Durré, Alain C. J. (Editor), Joyce, Michael A. S. (Editor) |
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ISBN: 1316623165 ISBN-13: 9781316623169 Publisher: Cambridge University Press OUR PRICE: $59.84 Product Type: Paperback - Other Formats Published: September 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Money & Monetary Policy |
| Dewey: 332.46 |
| Series: Macroeconomic Policy Making |
| Physical Information: 1.16" H x 6" W x 9" (1.66 lbs) 570 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Changes 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. |
Contributor Bio(s): Durre, Alain C. J.: - Alain C. J. Durré is Principal Economist in the Financial Research Division of the Directorate General Research of the European Central Bank and is Associate Professor of Finance at IÉSEG-School of Management at Lille Catholic University. He is also a member of the Centre National de la Recherche Scientifique (LEM-CNRS) in France and acts on occasion as Monetary Policy Advisor for the International Monetary Fund. He has published various papers on monetary and financial economics in many leading academic journals.Chadha, Jagjit S.: - Jagjit S. Chadha is Professor of Economics at the University of Kent and is on the Advisory Board of the Centre of International Macroeconomics and Finance at the University of Cambridge. His research involves incorporating financial factors in macroeconomic models and he has acted as an advisor to many central banks throughout the world. |
