The yield curve in information under unconventional monetary policies

This paper attempts to address the question of how unconventional monetary policies affected the market expectations regards the expected path of the monetary policy rate and economic growth in countries where some kind of unconventional monetary policies were applied. The approach used is to compar...

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Autores principales:	Ceballos,Luis, Romero,Damián
Lenguaje:	English
Publicado:	ILADES. Universidad Alberto Hurtado. 2015
Materias:	Yield curve unconventional monetary policies economic forecasting
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200001
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spelling	oai:scielo:S0718-887020150002000012015-11-09The yield curve in information under unconventional monetary policiesCeballos,LuisRomero,Damián Yield curve unconventional monetary policies economic forecasting This paper attempts to address the question of how unconventional monetary policies affected the market expectations regards the expected path of the monetary policy rate and economic growth in countries where some kind of unconventional monetary policies were applied. The approach used is to compare the implicit expectations in the yield curve with market surveys (for the expected path pf monetary policy rate) and econometric models (for economic growth) and evaluate the accuracy of each forecast at different horizons. We conclude that in the period where unconventional monetary policies were applied, the yield curve provided relevant additional information to forecast the monetary policy rate and economic growth, especially in developed economies.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.30 n.2 20152015-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200001en10.4067/S0718-88702015000200001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Yield curve unconventional monetary policies economic forecasting
spellingShingle	Yield curve unconventional monetary policies economic forecasting Ceballos,Luis Romero,Damián The yield curve in information under unconventional monetary policies
description	This paper attempts to address the question of how unconventional monetary policies affected the market expectations regards the expected path of the monetary policy rate and economic growth in countries where some kind of unconventional monetary policies were applied. The approach used is to compare the implicit expectations in the yield curve with market surveys (for the expected path pf monetary policy rate) and econometric models (for economic growth) and evaluate the accuracy of each forecast at different horizons. We conclude that in the period where unconventional monetary policies were applied, the yield curve provided relevant additional information to forecast the monetary policy rate and economic growth, especially in developed economies.
author	Ceballos,Luis Romero,Damián
author_facet	Ceballos,Luis Romero,Damián
author_sort	Ceballos,Luis
title	The yield curve in information under unconventional monetary policies
title_short	The yield curve in information under unconventional monetary policies
title_full	The yield curve in information under unconventional monetary policies
title_fullStr	The yield curve in information under unconventional monetary policies
title_full_unstemmed	The yield curve in information under unconventional monetary policies
title_sort	yield curve in information under unconventional monetary policies
publisher	ILADES. Universidad Alberto Hurtado.
publishDate	2015
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200001
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_version_	1714206213042864128

The yield curve in information under unconventional monetary policies

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