Investor demand and government bond pricing
| dc.date.accessioned | 2024-12-11T11:16:04Z | |
| dc.date.available | 2024-12-11T11:16:04Z | |
| dc.date.issued | 2024 | |
| dc.identifier.uri | https://hdl.handle.net/11250/3169245 | |
| dc.description | We study how investor demand and composition affect government bond yields. We estimate how investors adjust their holdings when debt levels increase, and how sensitive their demand is to a change in prices. We also show that quantitative tightening by central banks can have a significant impact on yields when investors are price-inelastic. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Norges Bank Investment Management | en_US |
| dc.relation.ispartofseries | Discussion Note;1/2024 | |
| dc.relation.ispartofseries | Diskusjonsnotater;1/2024 | |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
| dc.title | Investor demand and government bond pricing | en_US |
| dc.title.alternative | Investorers etterspørsel og prising av statsobligasjoner | en_US |
| dc.type | Others | en_US |
| dc.description.version | publishedVersion | en_US |
| dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en_US |
| dc.source.pagenumber | 33 | en_US |
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Diskusjonsnotater / Discussion notes [54]
2011-
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal