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The coronavirus (COVID-19) pandemic affected every country worldwide. In particular, outbreaks in Belgium, the Czech Republic, Poland and Switzerland entered the second wave and was exponentially increasing between July and November, 2020. The aims of the study are: to estimate the compound...
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This paper provides a comparative evaluation of the behaviour of long-term sovereign yieldsin Czechia, Hungary and Poland from 2001 to 2019. An affine term structure model de-veloped by Adrian, Crump and Moench (2013) is used as an empirical framework for thedecomposition of the bond yields into...
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