Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
and subsample periods. The decision to have a
monetary union within the EU was agreed on in the Maastricht Treaty in … industrialized European countries, Figure 1 also includes the two-year yield
from the UK, an EU member that is not a member of the ….
(2005) and Piazzesi and Swanson (2008), have also suggested or found evidence that risk premia move
primarily at business …