Avouyi-Dovi, S.; Idier, J. - Banque de France - 2010
. In particular, we address the issue of the liquidity of the French government debt securities market, since these assets …-varying transition probability (TVTP) VAR model considering both the monetary policy cycle and the cycle of French treasury auctions. We … highlight the existence of a specific regime in which monetary policy neutrality is not verified on the market for French bonds …