Search Results - subject:"new operational framework of the ECB"

Controllability and persistence of money Market rates along the yield curve: Evidence from the Euro area

Busch, Ulrike; Nautz, Dieter - 2009

Controllability of longer-term interest rates requires that the persistence of their deviations from the central bank's policy rate (i.e. the policy spreads) remains sufficiently low. This paper applies fractional integration techniques to assess the persistence of policy spreads of euro area...

Persistent link: https://www.econbiz.de/10010263770

Controllability and persistence of money market rates along the yield curve: evidence from the euro area

Busch, Ulrike; Nautz, Dieter - 2009

Persistent link: https://www.econbiz.de/10010299158

Controllability and Persistence of Money Market Rates along the Yield Curve: Evidence from the Euro Area

Busch, Ulrike; Nautz, Dieter - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009

operational framework of the ECB JEL classi cation: C22, E43, E52 We thank Uwe Hassler, Barbara Meller, Maya Olivares, Jan … market rates. Keywords: Long memory and fractional integration; controllability and persistence of interest rates; new …

Persistent link: https://www.econbiz.de/10004999577

Controllability and persistence of money market rates along the yield curve: evidence from the euro area

Busch, Ulrike; Nautz, Dieter - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2009

Persistent link: https://www.econbiz.de/10008533503