A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers
收藏NBER2022-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29875
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资源简介：
We develop a two-country model in which currency and bond markets are populated by different investor clienteles, and segmentation is partly overcome by arbitrageurs with limited capital. Risk premia in our model are time-varying, connected across markets, and consistent with the empirical
提供机构：
美国国家经济研究局
创建时间：
2022-03-01
