A Quantity-Driven Theory of Term Premia and Exchange Rates
收藏NBER2020-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27615
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资源简介：
We develop a model in which specialized bond investors must absorb shocks to the supply and demand for long-term bonds in two currencies. Since long-term bonds and foreign exchange are both exposed to unexpected movements in short-term interest rates, a shift in the supply of long-term bonds in one
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
