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In this paper, we perform a robust analysis of the determinants of US swap spreads using a wide range of theoretically motivated candidate factors. We conduct an analysis in the frequency domain to see how the impacts of the candidate factors on the swap spread differ between different horizons....
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In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a … the most recent years. -- Consumption function ; household wealth ; model stability … standard error correction model where consumption is driven by income and wealth developments in the long run. The model which …
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