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001 978-3-642-21575-9
003 DE-He213
005 20140220083805.0
007 cr nn 008mamaa
008 110815s2011 gw | s |||| 0|eng d
020 _a9783642215759
_9978-3-642-21575-9
024 7 _a10.1007/978-3-642-21575-9
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aGeiger, Felix.
_eauthor.
245 1 4 _aThe Yield Curve and Financial Risk Premia
_h[electronic resource] :
_bImplications for Monetary Policy /
_cby Felix Geiger.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2011.
300 _aXIII, 260p. 31 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v654
505 0 _aIntroduction. Theoretical Foundations for Policy Analysis: Financial Markets and Asset Pricing -- The Theory of the Term Structure of Interest Rates -- A Systematic View on Term Premia. The Term Structure of Interest Rates and Monetary Policy Rules: The Macro-Finance View of the Term Structure of Interest Rates -- Monetary Policy in the Presence of Term Structure Effects. Financial Stability and Monetary Policy: Financial Risk and Boom-Bust Cycles -- Conclusion and Outlook -- Dynamic Optimization -- State-Space Model and Maximum Likelihood Estimation -- Recursive Nature of the Expectations Hypothersis -- Derivation of Affine Coefficient Loadings -- Optimal Monetary Policy.
520 _aThe determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances. In recognition of his excellent thesis, the author received the Suedwestbank Award 2011.   
650 0 _aEconomics.
650 0 _aEconometrics.
650 0 _aEconomic policy.
650 0 _aMacroeconomics.
650 0 _aFinance.
650 1 4 _aEconomics/Management Science.
650 2 4 _aMacroeconomics/Monetary Economics.
650 2 4 _aFinancial Economics.
650 2 4 _aEconomic Policy.
650 2 4 _aEconometrics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642215742
830 0 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v654
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-21575-9
912 _aZDB-2-SBE
999 _c108016
_d108016