Showing 1 - 10 of 8,140
Persistent link: https://www.econbiz.de/10012405407
Persistent link: https://www.econbiz.de/10010239892
The dynamic behavior of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations are accurate predictors of yields, but only...
Persistent link: https://www.econbiz.de/10010190487
What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? In a structural VAR, GDP and business investment increase following an expansionary LTV shock. Residential investment, by contrast, falls, a...
Persistent link: https://www.econbiz.de/10011646925
Persistent link: https://www.econbiz.de/10013040921
Persistent link: https://www.econbiz.de/10012703079
We show that a policy rate cut lengthens corporate debt maturity. A 1 standard deviation (10 basis points, b …
Persistent link: https://www.econbiz.de/10013323634
Do firms lengthen the maturity of their borrowing following a flattening of the Treasury yield curve that results from … policy over the two regimes. We find that the answer is robustly yes for the pre-ZLB period: Firms extended the maturity of … their bond issuance by nearly three years in response to a policy-induced reduction of 1 percentage point in the maturity …
Persistent link: https://www.econbiz.de/10014351848
reason. -- Liquidity ; Asymmetric Information ; Debt maturity …
Persistent link: https://www.econbiz.de/10009509089
Persistent link: https://www.econbiz.de/10003862249