The implementation of unconventional (nonstandard) monetary policy instruments by the leading central banks at the wake of the financial and economic crisis was the most significant shift in the practice of central banking in the recent years. Evaluation of their effects is not feasible without...

This paper provides a comparative evaluation of the behaviour of long-term sovereign yieldsin Czechia, Hungary and Poland from 2001 to 2019. An affine term structure model de-veloped by Adrian, Crump and Moench (2013) is used as an empirical framework for thedecomposition of the bond yields into...