Byrne, Joseph P; Fazio, Giorgio; Fiess, Norbert - In: Economics Bulletin 30 (2010) 2, pp. 1082-1090
The association between long and short interest rates is traditionally envisaged from a purely domestic perspective, where it is believed an empirical regularity. Hence, the weakening of this relationship in the first half of the 2000s has represented a conundrum, calling for a reassessment of...