While the euro area ponders another round of quantitative easing, Poland's monetary policy remains stubbornly conventional. Although the NBP's Monetary Policy Council has delivered a monetary easing cycle, policy rates in Poland remain above those of many peers, most notably the largest trading...

We assess the impact of large-scale asset purchases, commonly known as quantitative easing (QE), conducted by Sveriges Riksbank and the European Central Bank (ECB) on bond risk premia in the Swedish government bond market. Using a novel arbitrage-free dynamic term structure model of nominal and...

The introduction of the Euro has led to price level stability and fostered growth within the European Union. Consequently, since its launch as a store of value and unit of account, there has been a clear convergence between the yield of France's sovereign debt and German benchmark. This paper...