Kliem, Martin; Meyer‐Gohde, Alexander - In: Journal of Applied Econometrics 37 (2021) 3, pp. 477-499
The term structure of interest rates is crucial for the transmission of monetary policy to financial markets and the macroeconomy. Disentangling the impact of monetary policy on the components of interest rates, expected short rates, and term premia is essential to understanding this channel. To...
