Since 2014
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
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The Yield Curve Information under Unconventional Monetary Policies |
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| Creator |
Ceballos, Luis
Romero, Damian |
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| Subject |
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Yield curve, unconventional monetary policies, economic forecasting. |
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| Description |
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This paper attempts to address the question of how unconventional monetary policies affected the market expectations regards the expected path of the monetary policy rate and economic growth in countries where some kind of unconventional monetary policies were applied. The approach used is to compare the implicit expectations in the yield curve with market surveys (for the expected path pf monetary policy rate) and econometric models (for economic growth) and evaluate the accuracy of each forecast at different horizons. We conclude that in the period where unconventional monetary policies were applied, the yield curve provided relevant additional information to forecast the monetary policy rate and economic growth, especially in developed economies. |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2015-10-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/453
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 29, No 2 (2015); 4-18
Revista de Análisis Económico – Economic Analysis Review; Vol 29, No 2 (2015); 4-18 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/453/570
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| Rights |
Copyright (c) 2015 Revista de Análisis Económico – Economic Analysis Review
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