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003			SIRSI
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007			cr nn 008mamaa
008			110815s2011 gw | s |||| 0|eng d
020			_a9783642215759 _9978-3-642-21575-9
040			_cMX-MeUAM
050		4	_aHB172.5
082	0	4	_a339 _223
100	1		_aGeiger, Felix. _eauthor.
245	1	4	_aThe Yield Curve and Financial Risk Premia _h[recurso electrónico] : _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	_zLibro electrónico _uhttp://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-642-21575-9
596			_a19
942			_cLIBRO_ELEC
999			_c204190 _d204190