Bandholz, Harm; Clostermann, Jörg; Seitz, Franz - University of Applied Sciences Amberg-Weiden (OTH) - 2007
We analyze if and to what extent fundamental macroeconomic factors, temporary influences or more structural factors have contributed to the low levels of US bond yields over the last few years. For that purpose, we start with a general model of interest rate determination. The empirical part...