Blar i Norges Banks vitenarkiv på emneord "bond and currency premia"
Viser treff 1-1 av 1
-
Bonds, currencies and expectational errors
(Working Paper;3/2020, Working paper, 2020)We propose a model in which sticky expectations concerning shortterm interest rates generate joint predictability patterns in bond and currency markets. Using our calibrated model, we quantify the effect of this channel ...