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found to be higher in Europe than in the United States as also macroeconomic factors are considered. The high-yield bond …
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This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...
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United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects …
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There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …
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