for the QE program. The duration of the rate impacts increased with maturity up to 7 years then declined, with half … averages of forward rates over a bond's maturity, QE affected long-term bond yields. The average impacts on bond yields were …

exogenous demand shocks for 10-year US Treasury bonds to assess their impact on the term premium. Our results show that official … sector demand factors, measured by purchases of securities by the foreign official sector and the Federal Reserve's asset … the estimated impact of official sector demand factors is the most robust driver of the term premium across alternative …

to aggregate demand or supply shocks that induce macroeconomic imbalances (as in the late stages of the Covid-19 recovery …

forecasting long-term interest rates. We ask whether consumer survey data on both mortgage interest rates and expected inflation … help beat the random walk in forecasting the 30-year fixed rate mortgage. Using the vector autoregressive (VAR) modeling … framework with the mortgage rate and consumer survey data as variables, we generate the mortgage rate forecasts for 1988 …

.S. micro data to explore the extent to which mortgage activity differed across local areas in response to the first round of … Quantitative Easing (QE1), announced in November 2008. We document that QE1 increased both mortgage activity and real spending but …