This paper provides a brief survey of the relationship between the yield curve and future changes in interest rates and … inflation. The expectations hypothesis of the term structure indicates .that when the yield curve is upward sloping, future … hypothesis, yield spreads are positively correlated with future changes in short-term interest rates, particularly at long …

2.5 years at a minutely frequency. The convenience yield on treasuries equals about 40 basis points, is larger below 3 … monetary stimulus reduce convenience yields, particularly during the crisis. We further study convenience-yield-free CIP …

yield shocks” transmit across countries in the Eurozone. We sketch how GIVs could be useful to estimate a host of other …

time. The overall response of the yield curve to output gap components is relatively small. In contrast, the inflation … widening yield spreads …

news for consumption growth, the nominal yield curve slopes up. Moreover, the level of nominal interest rates and term …